What are household businesses, individual businesses? What is the basic to calculate tax for household businesses and individual businesses in Vietnam? - Ngoc Yen (Tien Giang, Vietnam)
With the establishment procedure is quite simple compared to other types of businesses, business support is a common type of business in Vietnam. So who can set up a household business in Vietnam?
On June 1, 2021, the Ministry of Finance of Vietnam issued Circular 40/2021/TT-BTC on value-added tax (VAT), personal income tax and tax administration of household businesses and individual businesses.
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