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Update news household businesses
MOF considers raising tax-exempt revenue threshold for individual businesses
The Ministry of Finance (MOF) has announced that it will amend the Law on Value Added Tax (VAT) by raising the level of VAT-exempt revenue.
Nearly 1,500 household businesses converted into registered enterprises in H1
Authorities are now looking ahead to revising the Law on Tax Administration to ensure fair, convenient and transparent tax policies for all business models, especially household businesses.
Vietnam tax officials push phase-out of outdated fixed-rate model
According to senior tax officials, the fixed-rate tax model is no longer suited to current realities due to the evolving nature and scale of business operations.
Why Vietnam’s household businesses resist growth
Contributing 30% of GDP, household businesses are vital - yet legal burdens deter them from transitioning into enterprises.
