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An ordinance and government decree (Decree 141/2026/NĐ-CP) has raised the tax-exemption threshold for household businesses to 1 billion dong in annual revenue, effective January 1, 2026. The change affects millions of households nationwide as the Q1 2026 tax filing deadline approaches, leaving many households that already filed under the previous rules unsure how to adjust.
Under the new rules, the tax-exemption threshold increases from 500 million dong to 1 billion dong in annual revenue.
Households with annual revenue under 1 billion dong will not be required to submit a tax declaration. Instead, they will file a revenue notice with the tax authority.
Because the Q1 deadline is near, some households with revenue between 500 million and 1 billion dong have already filed and paid taxes under the old rules. According to Ms. Pham Thi Minh Hien, Deputy Head of the Policy and International Taxation Division (Tax Department, Ministry of Finance), households that self-determined revenue below 1 billion dong and have already declared and paid taxes will have any overpaid tax refunded or offset as prescribed.
In Q1, where households in this group have filed and paid taxes, the tax authority will guide adjustments to the already filed declarations. If by year-end actual revenue remains below 1 billion dong, households will proceed with refunds of taxes paid under Ministry of Finance Circular 18.
Local tax authorities have issued implementation guidance. For example, in Bac Ninh Province, households and individuals with annual revenue from above 500 million to not more than 1 billion dong will be moved to the group not subject to value-added tax and not subject to personal income tax starting from April 29, 2026.
For this group, the main obligations include:
For households with revenue up to 1 billion dong that already filed Q1 2026 using Form 01/CNKD on the public service portal or via the eTax Mobile app, the tax authority provides two options:
Mr. Le Van Tuấn, Director of Kế toán Thuế Keytas Accounting and Tax Co., said that under the new regulations, households and individuals with annual revenue under 1 billion dong are exempt from both value-added tax and personal income tax. They are not required to file a tax declaration; they only need to file a revenue notice with the tax authority.
He added that the revenue notice should be filed:
Conversely, if annual revenue exceeds 1 billion dong, households must file tax declarations and pay taxes. Personal income tax is calculated on the portion of revenue above 1 billion dong, while value-added tax applies from the first dong of revenue.
Decree 141 also allows households with revenue up to 1 billion dong per year to register for electronic invoicing if they choose. This enables households to issue invoices to corporate customers or other households more proactively.
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