đá bóng trực tiếpIs revenue from leasing out housing taxable in Vietnam? How much is licensing fee for revenue from leasing out housing in Vietnam?

Is revenue from leasing out housingtaxable in Vietnam?

Based on Clause 2, Article 4 ofCircular 40/2021/TT-BTCstipulating đá bóng trực tiếp principles of tax calculation as follows:

Principles of Tax Calculation

...

2. Business households and individuals with annual revenue from production and business activities not exceeding VND 100 million are not subject to VAT and PIT as per đá bóng trực tiếp provisions of VAT law and PIT law. Business households and individuals are responsible for accurately, truthfully, and fully declaring taxes and submitting tax documents on time; they are accountable before đá bóng trực tiếp law for đá bóng trực tiếp accuracy, truthfulness, and completeness of đá bóng trực tiếp tax documents as regulated.

...

According to point c, clause 1, Article 9 ofCircular 40/2021/TT-BTC(amended by Clause 3, Article 1 ofCircular 100/2021/TT-BTC) regulating đá bóng trực tiếp tax calculation method for individuals leasing property:

Method of Tax Calculation for Specific Cases

1. Individuals leasing property

...

c) Individuals who solely lease property and đá bóng trực tiếp leasing period is not throughout đá bóng trực tiếp year. If đá bóng trực tiếp rental income is from VND 100 million/year or less, they are not required to pay VAT or PIT. If đá bóng trực tiếp lessee pays rent in advance for several years, đá bóng trực tiếp revenue to determine whether đá bóng trực tiếp individual has to pay tax or not is đá bóng trực tiếp lump sum revenue apportioned annually.

...

Accordingly, revenue from leasing out housing income will result in obligations to pay VAT and PIT.

Based on đá bóng trực tiếp above regulations, in principle, individuals with annual business revenue from production and business activities of VND 100 million or less are not required to pay VAT and PIT under đá bóng trực tiếp legal provisions for VAT and PIT.

For individuals solely engaging in property rental, if đá bóng trực tiếp rental income does not exceed VND 100 million/year, they are not subject to VAT or PIT as per đá bóng trực tiếp regulations.

Is revenue from leasing out housing taxable in Vietnam? How much is licensing fee for revenue from leasing out housing in Vietnam? (Image from đá bóng trực tiếp Internet)

How much is thelicensing feefor revenue from leasing out housing in Vietnam?

According to Article 3 ofDecree 139/2016/ND-CP, individuals, groups of individuals, and households with annual business revenue not exceeding VND 100 million are exempt from licensing fee.

Based on Article 4 ofCircular 302/2016/TT-BTC, đá bóng trực tiếp annual revenue of VND 100 million or less, which qualifies an individual, group of individuals, or household for exemption from licensing fee, is đá bóng trực tiếp total revenue subject to PIT as per đá bóng trực tiếp regulations on PIT.

For revenue exceeding VND 100 million/year, đá bóng trực tiếp licensing fee rates are determined as follows:

- Revenue over VND 100 million to 300 million/year: VND 300,000/year;

- Revenue over VND 300 million to 500 million/year: VND 500,000/year;

- Revenue over VND 500 million/year: VND 1,000,000/year.

Thus, if đá bóng trực tiếp revenue from leasing out housing income is VND 100 million or less annually, there is no obligation to pay licensing fee. If liable, đá bóng trực tiếp maximum payable amount is VND 1,000,000/year.

What is đá bóng trực tiếp deadline for licensing feepayment in Vietnam?

According to Article 5 ofDecree 139/2016/ND-CP:

Declaration and Payment of licensing fee

1. đá bóng trực tiếp declaration of licensing fee is executed as follows:

a) đá bóng trực tiếp licensing fee declaration is done once when đá bóng trực tiếp fee payer commences business activities, no later than đá bóng trực tiếp last day of đá bóng trực tiếp month in which business activities commence;

b) In case a newly established business has not yet commenced operations, đá bóng trực tiếp licensing fee declaration must be done within 30 days from đá bóng trực tiếp issuance date of đá bóng trực tiếp business registration certificate or đá bóng trực tiếp date of đá bóng trực tiếp investment registration certificate.

2. đá bóng trực tiếp licensing fee declaration document is a declaration form issued with this Decree.

3. đá bóng trực tiếp licensing fee declaration is submitted by đá bóng trực tiếp payer to đá bóng trực tiếp direct supervisory tax authority.

a) If đá bóng trực tiếp fee payer has a dependent unit (branch, representative office, business location) operating within đá bóng trực tiếp same provincial area, đá bóng trực tiếp payer submits đá bóng trực tiếp licensing fee declaration for those dependent units to đá bóng trực tiếp tax authority directly supervising đá bóng trực tiếp payer;

b) If đá bóng trực tiếp fee payer has a dependent unit operating in a different provincial area from where đá bóng trực tiếp payer's main office is located, đá bóng trực tiếp dependent unit submits đá bóng trực tiếp licensing fee declaration to đá bóng trực tiếp tax authority directly supervising đá bóng trực tiếp dependent unit.

4. đá bóng trực tiếp deadline for licensing fee payment is January 30 each year. For newly operating business ventures or newly established businesses, đá bóng trực tiếp deadline is đá bóng trực tiếp last day of đá bóng trực tiếp deadline for submission of đá bóng trực tiếp tax declaration.

5. đá bóng trực tiếp collected licensing fee must be fully submitted to đá bóng trực tiếp state budget as defined by law.

Therefore, đá bóng trực tiếp latest deadline for licensing fee payment is January 30 each year.

For new business operations or newly established entities, đá bóng trực tiếp deadline extends to đá bóng trực tiếp last day of đá bóng trực tiếp tax declaration submission deadline.