Tax authorities in Thanh Hoa Province, Vietnam, have issued official instructions for household and individual businesses that began operations in the first half of 2026. This policy targets business entities with estimated annual revenues of 1 billion VND or less.
Under current regulations, every business entity is required to report actual revenue earned from the start of operations through June 30, 2026. The report must be submitted to the authorities no later than July 31, 2026, using Form No. 01/TKN-CNKD pursuant to Circular 50/2026 of the Ministry of Finance.
The reporting process can be completed digitally via the eTax Mobile application or the Tax Department's Public Service Portal at dichvucong.gdt.gov.vn. In addition to the revenue report, business entities are also required to include information regarding bank account numbers or e-wallets used for business transaction purposes.
Tax authorities emphasized that even though businesses with revenues under 1 billion VND may not have a tax payment obligation, they still bear the administrative responsibility to record all revenue flows and report them on time. Compliance is crucial to avoid administrative penalties that may arise from failure to report.
Furthermore, authorities reminded businesses of a transition mechanism. If accumulated revenue mid-year exceeds the 1 billion VND threshold, the business must switch to the quarterly tax reporting and payment scheme applicable to higher-scale revenue categories.
