On March 3, 2022, Hanoi Tax Department issued Official Letter No. 7071/CTHN-TTHT, thereby:
In case individual businesses whose revenue from business operation in the calendar year is not exceeding 100 million VND shall not be required to pay VAT and PIT.
In case individual businesses whose revenue from business operation in the calendar year is exceeding 100 million VND, they shall declare and pay tax under separate declarations according to Clause 2, Article 6 of Circular No. 40/2021/TT-BTC dated June 1, 2021, of the Ministry of Finance. The rate on revenue of consulting and design services applicable to PIT is 2%, VAT is 5% according to the guidance in Appendix I issued with Circular No. 40/2021/TT- BTC dated June 1, 2021, of the Ministry of Finance.
