Legal document newsletter week 06/01/2025
E-PORTAL FOR E-COMMERCE HOUSEHOLD AND INDIVIDUAL BUSINESSES
On 19 December 2024, the General Department of Taxation officially lauched the “E-portal for households and individuals running e-commerce business to register, declare, and pay taxes”. Accordingly, from 19 December 2024, households and individuals running business on e-commerce and digital platforms (online business) can declare taxes at the following link: https://canhantmdt.gdt.gov.vn/ICanhan/Request
Tax declaration subjects on the new E-Portal
Accordingly, the new E-Portal supports all business households and individuals doing business on e-commerce and digital platforms to register for tax, declare tax, and pay tax on revenue from e-commerce and digital platform business such as:
- Households and individuals doing business on e-commerce marketplace such as Shopee, Lazada, Tiki…;
- Households and individuals providing goods and services via social networks such as Facebook, Zalo…;
- Households and individuals receive income from advertising activities on platforms such as Google, Youtube …;
- Households and individuals providing software on application markets such as CH Play, Apple Store…;
- Households and individuals with income from online business on other platforms.
How much revenue do individuals and household businesses have to pay tax?
Currently, according to Article 4 of Circular No. 40/2021/TT-BTC, business households and business individuals with revenue from production and business activities in the calendar year of VND 100 million or less are not required to pay VAT and PIT under prevailing regulations.
However, the new Law on Value Added Tax 2024 has raised the tax threshold for annual revenue from selling goods and providing services of households and individuals to VND 200 million or less, which will not have to pay VAT and PIT, effective from 1 July 2025.
Thus, according to current regulations, individuals and business households with annual revenue of VND 100 million or less are not required to pay VAT or PIT. From 1 July 2025 onwards, individuals and business households with revenue of VND 200 million or less are not required to pay VAT or PIT.