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New non-taxable revenue threshold proposed for business households
The Standing Committee of the National Assembly met on December 2 to give opinions on the explanations and revisions to the draft amendment of the Personal Income Tax Law and Tax Administration Law.
What will small-business households gain when the presumptive tax is abolished?
Voters in several provinces who agree with the policy to eliminate a flat-rate tax in tax declaration and collection have proposed a variety of solutions and support policies for household businesses.
Household businesses worry over 17% tax proposal, call for simpler tax rules
The Ministry of Finance (MOF) plans to apply a 17 percent income tax rate to individuals and household businesses with annual revenue exceeding a government-defined threshold, using a method similar to corporate income tax.
Business households switch from presumptive to profit-based tax under roadmap
Transitioning from presumptive tax to declaration-based tax should follow a three-phase roadmap, accompanied by specific technical and financial support to ensure feasibility, according to the Vietnam Academy of Social Sciences (VASS).
Why do 5 million business households hesitate to grow? Part 1
Despite their significant role in the economy, the rate of household businesses transitioning to formal enterprises remains modest. What causes these businesses to seemingly "refuse to grow"?
