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Late on 29 April 2026, the government issued Decree 141/2026/ND-CP amending Decree 68, raising the tax-free threshold for household businesses from 500 million to 1 billion dong. Decree 141 took effect on 1 January 2026, leaving many household businesses—particularly those with revenue between 500 million and 1 billion dong—uncertain about how to manage their tax obligations.
According to Le Van Tuan, Director of Keytas Accounting Tax Co., Ltd., the first step is to apply the correct principle: households and self-employed individuals with revenue under 1 billion dong are not required to file a tax declaration. Instead, they only need to submit a revenue notification to the tax authority. Those with revenue over 1 billion dong must file a tax declaration and pay taxes by the deadlines set by law.
For households that have not filed a tax declaration and have not paid tax for Q1 2026, Mr. Tuan said they do not need to file or pay tax for that quarter. They only need to notify revenue to the tax agency.
Mr. Tuan said that, in principle, households do not need to file a tax declaration or pay taxes if they fall under the tax-free threshold. The handling depends on the expected 2026 revenue:
This scenario is treated similarly:
For taxes already paid, households may apply for a tax refund or an offset for future periods under Article 12 of Decree 68/2026/ND-CP and Circular 18/2026/TT-BTC.
The documents required to request a refund of overpaid tax for households include Form 01/TKN-CNKD or Form 02/QTT-TNCN-CNKD, as specified in Circular 18. Refunds are processed by the tax authority where the tax return was filed. If the household conducts business only on e-commerce platforms where tax has been withheld by the platform, the refund is handled by the tax authority where the taxpayer resides.
Mr. Tuan noted that issuing Decree 141 ahead of the May 4, 2026 deadline helps households with revenue between 500 million and 1 billion dong avoid filing a tax declaration and paying tax for Q1 2026, reducing administrative procedures. Households should only notify revenue to the tax authority by July 31 (for new businesses formed in the first six months of the year) or by January 31 of the following year.
On substance, Decree 141 inherits the core contents of Decree 68, including the method of calculating tax for household businesses. Specifically, if annual revenue is under 1 billion dong, households and individuals are exempt from both value-added tax and personal income tax. If annual revenue exceeds 1 billion dong, personal income tax is calculated on the portion over 1 billion dong, and value-added tax applies from the first dong of revenue.
Decree 141 also allows households with annual revenue up to 1 billion dong to register for electronic invoicing if they wish, enabling greater business flexibility and allowing them to issue invoices to corporate customers or other households. As a result, households are not restricted from accessing corporate customers as previously guided by tax authorities.
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