From Presumptive to Declaration: What Do Business Households Need to Prepare?

Opportunities and Challenges

Speaking at the workshop, Mr. Nguyen Quang Khai, Deputy Director of MISA’s Retail Solutions Group, emphasized that the abolition of the lump-sum tax presents both challenges and opportunities. It challenges the habit of household businesses and offers an opportunity for them to be transparent about their financial obligations. This change will provide them with better access to bank loans, easier collaboration with enterprises, deeper integration into value chains, and enhanced reputation in the market.

Ms. Nguyen Thi Thu Ha, former Head of Propaganda and Taxpayer Support Department (Tax Department), stated that household businesses need to understand their scale to comply with tax regulations. Specifically, large-scale households must submit monthly tax returns, while smaller or newly established ones can submit quarterly returns as per Decree 126 and Circular 40.

According to Ms. Ha, most household businesses transitioning from the lump-sum tax to the declaration regime choose to file quarterly returns. “Household businesses should declare their actual revenue and pay the corresponding taxes. However, they must ensure that the declared revenue is reliable and comply with regulations on invoices, vouchers, and accounting books.”

As per Decree 70/2025/ND-CP, household businesses with an annual revenue of VND 1 billion or more must issue e-invoices from cash registers and connect data with tax authorities. This is a transitional period, and those with revenue below VND 1 billion per year can voluntarily apply. While consumers often don’t request invoices if there is no incentive mechanism, it is the responsibility of household businesses to issue invoices when selling goods or providing services.

Regarding regulations for e-commerce platforms, Decree 117 adjusts the activities of platforms with payment functions, including immediate tax deductions upon successful transactions. The buyer, the individual household, and the tax authority receive information from the platform. When the platform issues an invoice, the household doesn’t need to reissue it, avoiding duplication. For taxes paid by the platform, individuals don’t need to pay additional taxes, except in a few cases related to special consumption, environmental, or resource taxes, for which individuals must declare the remaining amount.

Technology and Financial Solutions Accompanying Household Businesses

At the event, Mr. Ngo Binh Nguyen, Director of VPBank’s Household Business Division, shared the bank’s commitment to accompanying businesses throughout their development journey. With over a decade of experience in serving individual businesses, household businesses, and business owners through its CommCredit segment, VPBank has differentiated itself in 2025 by positioning this segment as a specialized financial ecosystem for the private business community.

Mr. Ngo Binh Nguyen, Director of VPBank’s Household Business Division, shares at the event

This differentiation is evident in their tailored solutions for each business type and stage, from agriculture and manufacturing to e-commerce. VPBank has introduced the V20K loan package with preferential interest rates starting at 3.99%/year for mortgage loans and a limit of up to VND 20,000 billion. The bank also offers a 2% interest rate reduction for the entire loan term for trust loans for household businesses, with a maximum limit of up to VND 1 billion and a flexible loan term of up to 60 months.

Additionally, customers can apply for the VPBank CommCredit credit card, which offers up to 12% cashback, a 1% foreign transaction fee, and global benefits from over 200 brands, including Google, Notion, iStock, Retool, and WordPress.

VPBank also offers the “Shop Thinh Vong” feature, which helps manage sales, separate revenue sources by employee, store, or sales channel, and facilitate monitoring and allocation of goods and expenses for each location.

Furthermore, the bank provides accumulation solutions through the Super Profitability toolkit, offering a yield of 3.5%/year, which is particularly suitable for customers with short-term idle cash.

Beyond financial solutions, VPBank also supports customers with non-financial solutions to enhance their competitiveness. These include improving tax knowledge for better compliance, transparency, and business efficiency. The bank has collaborated with over 60 domestic partners, including MISA, to offer non-financial solutions such as sales management software, e-invoicing, and digital signatures. During this period, the bank is also offering 70,000 free packages of sales management software, e-invoicing, and digital signatures to its customers.

“VPBank is committed to accompanying its business customers, from individuals to household businesses, not only by providing capital but also by supporting management, insurance, and reinvestment, forming a closed-loop value chain. This approach promotes long-term prosperity for our customers and the entire Vietnamese business community,” the VPBank representative shared.