SOME NOTES WHEN REPORTING REVENUE FOR THE FIRST 6 MONTHS OF 2026 FOR HOUSEHOLD BUSINESSES AND INDIVIDUAL BUSINESSES?

Below are some notes when reporting revenue for the first 6 months of 2026 for household businesses and individual businesses. Let’s explore more with Pham Consult!

Some notes when reporting revenue for the first 6 months of 2026 for household businesses and individual businesses?

The deadline for reporting account numbers for household businesses and individual businesses in 2026 is stipulated in Article 4 of Circular 50/2026/TT-BTC, specifically as follows:

Effective date

1. This Circular takes effect from the date of signing and promulgation.
2. Household businesses and individual businesses currently operating with annual revenue of VND 1 billion or less, which have not yet submitted their Q1 2026 tax return or have not yet sent the notification of account number/electronic wallet number as prescribed in Circular No. 18/2026/TT-BTC, must submit the notification of account number/electronic wallet number using Form No. 01/BK-STK issued with Circular No. 18/2026/TT-BTC no later than July 31, 2026.
3. During implementation, if there are any difficulties or problems, please promptly report them to the Ministry of Finance for resolution.

Accordingly, household businesses and individual businesses currently operating with annual revenue of VND 1 billion or less, which have not yet submitted their Q1 2026 tax return, must submit their Q1 tax return no later than July 31, 2026. 2026.

IMPORTANT NOTES:

• Businesses with revenue under 1 billion VND, although not required to pay taxes, must still report their revenue and maintain accounting records.
• They must report their bank account/e-wallet number no later than the date of revenue reporting (before July 31, 2026). The report should include all bank accounts related to their business operations.
• If revenue exceeds 1 billion VND in a given year, they must switch to QUARTERLY TAX DECLARATION AND PAYMENT starting from the quarter in which revenue exceeds 1 billion VND.

Below is some information guiding the notification of revenue for the first 6 months of 2026 for household businesses and individual businesses:

(1) Subjects required to notify

– Household businesses and individual businesses that have just started operating in the first 6 months of 2026 and have self-determined annual revenue of VND 1 billion or less.

– Revenue to be notified: actual revenue generated from the start of business until June 30, 2026.

(2) How to notify revenue:

– Method 1: Submit via eTax Mobile application

– Method 2: Submit via the Tax Department’s Public Service Portal

Form used: Form No. 01/TKN-CNKD issued with Circular 50/2026/TT-BTC.

(3) Steps to notify revenue

– Record all sales revenue and service provision revenue as prescribed.

– Summarize revenue generated up to June 30, 2026.

– Submit revenue notification on time (before July 31, 2026).

*The above is “Guidelines for notifying revenue for the first 6 months of 2026 for household businesses and individual businesses?”.

What are the new points in Circular 50/2026/TT-BTC regarding tax management documents for household businesses and individual businesses, amending Circular 18/2026/TT-BTC?

Below is a summary of the new points in Circular 50/2026/TT-BTC regarding tax management documents for household businesses and individual business owners, amending Circular 18/2026/TT-BTC as follows:

1. Amendments to the scope of application

Based on Article 1 of Circular 50/2026/TT-BTC, which amends and supplements Article 1 of Circular 18/2026/TT-BTC, the scope of application is as follows:

Circular 18/2026/TT-BTC provides detailed regulations on the documents and procedures for notifying revenue, declaring taxes, paying taxes, refunding taxes, notifying business locations, temporarily suspending, and terminating business operations for household businesses and individual business owners as stipulated in Clause 6, Article 13 of the 2025 Law on Tax Administration, and Articles 8, II, and 12 of Government Decree 68/2026/ND-CP on tax policy and tax management for household businesses and individual business owners.

1. Replacing Forms to Comply with Decree 141/2026/ND-CP

Based on Article 3 of Circular 50/2026/TT-BTC, which stipulates the replacement of some forms in Circular 18/2026/TT-BTC.

The list of replaced forms includes:

– Form No. 01/TKN-CNKD Tax registration declaration for individual businesses;

– Form No. 01/CNKD Tax declaration for household and individual businesses;

– Form No. 01/BDS Real estate transfer activity declaration;

– Form No. 02/BK-KTBDS Real estate tax calculation statement.

III. Instructions for Group 1 households: If you have not yet submitted your Q1/2026 tax return or have not yet sent your account notification, please send your account notification no later than July 31, 2026.

Based on Clause 2, Article 4 of Circular 50/2026/TT-BTC, the following transitional provisions apply:

Household businesses and individual businesses currently operating with annual revenue of VND 1 billion or less, which have not yet submitted their Q1 2026 tax return or have not yet sent the Notification of Account Number/Electronic Wallet Number as prescribed in Circular 18/2026/TT-BTC, must send the Notification of Account Number/Electronic Wallet Number using Form No. 01/BK-STK issued with Circular 18/2026/TT-BTC no later than July 31, 2026.

1. Amendments and Supplements to Regulations on Tax Refund Documents

Based on Article 2 of Circular 50/2026/TT-BTC amending and supplementing Clause 2, Article 5 of Circular 18/2026/TT-BTC as follows:

The application for a refund of overpaid taxes for business households and individual business owners paying personal income tax using the method of taxable income multiplied by the tax rate is the Tax Declaration Form No. 02/CNKD-TNCN-QTT issued with Circular 18/2026/TT-BTC.

*Information for reference only.

What are the rights and responsibilities of business households as stipulated by law under Decree 68?

Based on Article 13 of Decree 68/2026/ND-CP, the following is stipulated:

Rights and responsibilities of household businesses and individual businesses

1. Household businesses and individual businesses have the right to request the tax authority to provide guidance, answer questions, and provide support regarding tax declaration, tax calculation, and tax payment.
2. Household businesses and individual businesses have the rights of taxpayers as stipulated by the law on tax administration.
3. Household businesses and individual businesses must fully and accurately declare their revenue generated from production and business activities to determine the amount of tax payable according to tax laws and bear legal responsibility for the declared content.
4. Household businesses and individual businesses must electronically notify the tax authority of all account numbers opened at payment service providers and e-wallet numbers opened at intermediary payment service providers related to production and business activities.

Thus, the rights and responsibilities of household businesses and individual business owners are as follows:

– Household businesses and individual business owners have the right to request guidance, clarification, and support from the tax authorities regarding tax declaration, tax calculation, and tax payment.

– Household businesses and individual business owners have the rights of taxpayers as stipulated by tax management laws.

– Household businesses and individual business owners must fully and accurately declare their revenue generated from production and business activities to determine the amount of tax payable according to tax laws and are solely responsible before the law for the content of their declarations.

– Household businesses and individual business owners must electronically notify the tax authorities of all account numbers opened at payment service providers and e-wallet numbers opened at intermediary payment service providers related to their production and business activities.

– Household businesses and individual business owners are responsible for using accounting books in accordance with accounting laws and guidelines from the Minister of Finance; and for using invoices as prescribed.

– Household businesses and individual business owners are responsible for providing accounting books, invoices, sales management software, and related documents as requested by the tax authorities during tax audits.

– Household businesses and individual business owners residing in Vietnam and operating on e-commerce platforms are responsible for declaring and paying excise tax, environmental protection tax, resource tax, environmental protection fees, and other revenues payable to the state budget as managed by the tax authorities in accordance with tax laws, tax management laws, and other relevant laws.

– Household businesses and individual business owners operating on e-commerce platforms are responsible for providing complete and accurate information to the e-commerce platform owner regarding tax identification numbers or personal identification numbers for Vietnamese citizens. Passport number or identification information issued by a competent foreign authority for foreign citizens, and information and documents related to determining tax obligations, as well as mandatory information for sellers as stipulated by e-commerce laws.