Household business
Business Individual
- ◉ Are you required to file taxes but don't know where to start?
- ◉ You don't know how to deal with past events?
- ◉ You want to convert to a business but worry about unforeseen difficulties?
🚀 Expertis's consulting services for HKD and CNKD help you solve all:
- Tax declaration, accounting support, full package of invoices and documents
- Consulting on optimal tax solutions, avoiding errors & reducing violations
- Consulting on correcting declaration errors, supplementing missing or incorrect documents
- Instructions on how to work with tax authorities
- Tax registration
- Comprehensive consulting on conversion from sole proprietorship, sole proprietorship to enterprise
CONSULTATION NOW
Standardize operations - Peace of mind in business
Are you a business household that must pay taxes according to the declaration method without knowing it?
From June 01, 6, business households with annual revenue of VND 2025 billion or more will have to issue electronic invoices generated from cash registers connected to data with tax authorities, and will no longer pay taxes by the lump-sum method.
Business tax declaration
BUSINESS TAX DECLARATION
DETAILED INSTRUCTIONS
With over 20 years of specialized experience in the field of finance and tax, we help you optimize your benefits and avoid all tax risks.
COMMON MISUNDERSTANDINGS AND CONSEQUENCES OF VIOLATING COMPULSORY SOCIAL INSURANCE REGIME FOR BUSINESS HOUSEHOLDS
Common mistakes in salary and social insurance records:
- No employment contract → Being punished for violating labor laws
- Not registered for social insurance → Subject to collection and fine of 18 - 20% of total social insurance and unemployment insurance premiums payable (maximum 75 million VND)
- No payroll → Incorrect determination of social insurance obligations
Mistakes in social insurance obligations for business households:
- No social insurance for business owners → The longer it is left, the easier it is to be punished, the higher the fine
- Not paying social insurance for employees in business households → Late payment, late payment interest, increased penalty amount
- Lack of understanding of legal regulations → Violating without knowing, especially after 01/07/25
Information disclosed
Social insurance agencies publish on the Social Insurance Agency's Electronic Information Portal.
Severely punished
Fine of 50 - 75 million VND if Business Owner evades paying Social Insurance
Small mistake - Big consequences
It may be a criminal offense to evade mandatory social insurance payments from July 01, 07.
BUSINESS HOUSEHOLD INSURANCE
INSTRUCTIONS FOR DECLARING INSURANCE FOR BUSINESS HOUSEHOLDS
With over 20 years of experience in the field of Salary - Social Insurance, we help you optimize your benefits and avoid all social insurance risks.
Criminal liability when avoiding social insurance premiums
Do business owners have to participate and pay social insurance from July 01, 7?
SERVICES FOR BUSINESS HOUSEHOLDS AND INDIVIDUAL BUSINESSES
SERVICE PROCESS
Standardize operations - Peace of mind in business
- Step 1: Collect information and data
- Consulting on information and data preparation
- Contact us directly for advice on collecting information and data about business activities.
- Step 2: Evaluate the profile and advise on optimal solutions
- Check tax data, assess tax status
- Provide optimal tax solutions, avoid errors & ensure maximum benefits.
- Consulting on business type conversion if necessary
- Step 3: Consulting and implementation support
- Prepare accurate declarations and submit them on time to avoid penalties.
- Consulting and supporting the correct implementation of regulations on tax, accounting, social insurance
STANDARDIZE OPERATIONS - PEACE OF MIND IN BUSINESS
THE QUALITY YOU GET WITH US
📌Help you Understand correctly - Do correctly
Expertis helps you understand “True” in nature, not only stopping at procedural validity, but also true in nature financial, realistic & correct so as not to become a risk in the future.
💡Profile analysis expert, accurately assess the situation
With over 20 years of experience, we have handled thousands of tax cases in all situations. Immediately identify risks and propose optimal solutions, helping you avoid errors and optimize your legal tax obligations.
📝 Experience working directly with tax authorities
We don't just understand tax law – we also understand how tax authorities process real-world records. Professional communication, quickly resolve any problems, helps the application to be approved faster.
🚀 Compliance with the law is not only a formality but also a factor in protecting the reputation and financial security of individuals.
💡 Expertis is the choice for you!
Tax declaration for business households
Contact now for FREE consultation!
social insurance for business households
FAQ
FREQUENTLY ASKED QUESTIONS ABOUT BUSINESS HOUSEHOLDS AND INDIVIDUAL BUSINESSES
What is the difference between a business household and an individual business?
Household business: An economic organization registered by an individual or a group of people (household), with unlimited liability. Usually suitable for small-scale businesses, such as shops and restaurants.
Business Individual: An individual who conducts business activities on his/her own, does not necessarily have to register a business household, usually applies to freelance activities (street vendors, small retail services).
Are business households required to participate in social insurance?
Compulsory social insurance: Business households must pay social insurance for employees working under labor contracts of 1 month or more (including social insurance, health insurance, unemployment insurance).
Voluntary social insurance: Before July 01, 07, Business Household Owners can participate in voluntary social insurance.
From July 01, 07, Business Owners must participate in compulsory social insurance according to New Social Insurance Law 2024 effective from 01/07/2025
Do business households and individual businesses need to keep accounting books?
Business households and individuals doing business under the contract method are not required to keep accounting books, but must record revenue for tax authorities to inspect.
If according to the Business Household, the individual business pays tax according to the declaration method, it is necessary to keep complete accounting books.
How many workers can a business household hire?
Household business unlimited number of workers, but must sign a labor contract and fully perform social insurance and tax obligations for employees.
Previously, Article 66 of Decree 78/2015/ND-CP (expired from January 04, 01) stipulated:
Household business
1. A business household owned by an individual or a group of individuals who are Vietnamese citizens aged 18 years or older, have full civil act capacity, or a household, may only register to do business at one location, employ less than ten workers, and be liable with all of its assets for business activities.
2. Households engaged in agricultural, forestry, fishery, salt production, street vendors, snack vendors, itinerant traders, mobile businesses, and low-income service providers do not have to register, except in cases of conditional business lines and occupations. The People's Committee of the province or centrally-run city shall prescribe the low-income level applicable locally.
3. Business households employing ten or more employees must register to establish an enterprise according to regulations.
According to previous regulations, business households employing ten or more employees must register to establish an enterprise according to regulations.
However, the law currently does not limit the number of employees that a business household is allowed to employ. Therefore, if a business household employs more than 10 employees, it is not required to register as a business.
Can a business household open a branch?
No. According to regulations, a business household is only allowed to operate at one fixed location and is not allowed to open branches or other business locations.
Do business households have to submit financial reports?
Business households do not need to submit financial reports, but must submit tax declarations as prescribed.
Do business households need to register a bank account?
Not required, but if the transaction is large or in declaration method, should open a bank account to manage finances and transactions with tax authorities.
Can business households issue VAT invoices?
According to the provisions of Article 10 of the Law on VAT applicable before July 01, 07:
Article 10. Tax deduction method
...
2. Tax deduction method applicable to business establishments that fully implement the accounting, invoice, and document regimes according to the provisions of law on accounting, invoices, and documents include:
a) Business establishments with annual revenue from selling goods and providing services of one billion VND or more, except for households and individual businesses;
b) Business establishments voluntarily register to apply the tax deduction method, except for business households and individuals.
...
According to point 2, article 11, VAT Law 2024 applicable from July 01, 07 stipulates:
Article 11. Tax deduction method
...
2. Tax deduction method applicable to business establishments that fully implement the accounting, invoice, and document regimes according to the provisions of law on accounting, invoices, and documents include:
a) Business establishments with annual revenue from selling goods and providing services of 01 billion VND or more, except for households and individuals engaged in production and business;
b) Business establishments voluntarily apply the tax deduction method, except for households and individuals engaged in production and business;
...
So household business Not subject to the VAT deduction method and not subject to the VAT invoice issuance.
How to dissolve a business household?
- Submit the dissolution notice to the business registration authority (District/County People's Committee).
- Complete tax and social insurance obligations (if any).
- Return the business registration certificate.
