Nearly 1,000 household businesses attend training on transitioning from the presumptive tax regime to declaration-based taxation

Nearly 1,000 household businesses attended the Conference on Converting the Model and Method of Tax Management for Household Businesses when abolishing the presumptive tax, held on November 13 by Tax Office 6 under the Dong Nai Tax Department.

Attending the conference were nearly 1,000 household businesses operating in the communes of Trang Bom, Binh Minh, An Vien, and Bau Ham, together with representatives of units providing digital transformation solutions for household businesses.

Head of Tax Office 6 Nguyen Van Binh speaks at the conference. Photo: Ngoc Lien

At the conference, household businesses were introduced and guided by tax officers on the methods and requirements for implementing the declaration-based taxation.

Guidance on updating tax-related information on mobile phones for household businesses. Photo: Ngoc Lien

At the conference, Nguyen Van Binh, Head of Tax Office 6 under the Dong Nai Tax Department, presented the Party and State’s guidelines and policies related to taxation, as well as tax regulations applicable to household businesses. Tax Office 6 currently manages over 8.7 thousand household businesses across eight communes: Trang Bom, Binh Minh, An Vien, Bau Ham, Hung Thinh, Dau Giay, Gia Kiem, and Thong Nhat. As such, the implementation of the policy to shift the tax management model for household businesses from fixed tax to declaration-based tax has drawn significant attention from household businesses and individuals.

People register bank accounts – one of the required procedures in implementing the new tax administration model. Photo: Ngoc Lien

The conference was held to disseminate information and provide guidance for household businesses on transitioning to the new tax management model, to ensure fairness and transparency in tax payments. Under the declaration-based tax system, household businesses determine their own revenue, expenses, and tax obligations, thereby ensuring that taxes are paid fairly and transparently in line with actual business activities. This method also helps businesses manage their cash flow and verify the origin of goods purchased and sold, while creating opportunities for business expansion. Small households can grow into larger ones, and larger households can transition into enterprises to benefit from government incentives.

Nearly 1,000 household businesses participate in the conference on converting the tax management model. Photo: Ngoc Lien

The tax authority is currently implementing a 60-day peak campaign to support household businesses in completing the transition. After this period, the tax sector will continue to provide around-the-clock support, both indirectly and directly, through phone, Zalo, email, or in-person, hands-on guidance at business premises. It will also coordinate with solution providers and banks to assist with the necessary procedures, enabling household businesses to enter a new phase of business management and tax payment in the most effective manner.

By Ngoc Lien – Translated by Minh Hanh, Minho