Raising tax exemption threshold to 1 billion VND
The taxable revenue threshold for business households and individuals is raised from VND 500 million to VND 1 billion per year, effective from January 1, 2026, reducing reduce cost burdens on households and businesses, and support the economy in overcoming current challenges and advancing toward two-digit growth targets.
The Government has issued Decree No. 141/2026/ND-CP dated April 29, 2026, amending and supplementing some articles of Decree No. 68/2026/ND-CP on tax policies for business households and individuals, and Decree No. 320/2025/ND-CP detailing certain articles and measures to organize and guide the implementation of the Enterprise Income Tax Law.
This Decree takes effect from January 1, 2026.
Raising tax exemption threshold for business households to VND 1 Billion/Year
Article 1 of Decree No. 141/2026/ND-CP amends and supplements some articles of Government Decree No. 68/2026/ND-CP dated March 5, 2026, on tax and tax management policies for business households and individuals. Specifically:
Accordingly, the phrase ‘500 million VND’ in previous regulations has been raised to ‘01 billion VND’.
This change means easing the tax threshold and strict management conditions, creating more room for individual business households to develop before having to fulfill more complex tax obligations.
Annual revenue over VND 1 billion requires e-invoices
Decree No. 141/2026/ND-CP also amends and supplements Clause 5 Article 8 of Decree No. 68/2026/ND-CP (use of e-invoices) as follows:
Business households and individuals with annual revenue over VND 1 billion must use e-invoices with tax authority codes or e-invoices generated from cash registers connected to tax authority data.
If a business household or individual has multiple business locations, they use the tax code of the household or individual for all stores and must specify the business location code on the invoice.
Business households and individuals with annual revenue of VND 1 billion or less that meet conditions and wish to use e-invoices may register for e-invoices with tax authority codes or those from cash registers connected to tax authority data.
Hai Phong News