trực tiếp bóng đá hôm nayShall leasing out houses incur taxes in Vietnam? When shall the housing owners be imposed taxes in Vietnam?

Shall leasing outhouses incur taxes in Vietnam?

In Vietnam, leasing out a property may be subject to taxes, depending on the rental income and current regulations. Below are the common types of taxes applicable to rental activities:

(1) Licensing fee:

Pursuant to Article 2 ofDecree 139/2016/ND-CP, when an individual engages in rental business activities, they need to consider paying a licensing fee. Specifically:

- If the annual revenue is less than 100 million VND, the licensing fee is exempted according to Article 3 ofDecree 139/2016/ND-CP.

- If the annual revenue exceeds 100 million VND, a licensing fee must be paid, with the trực tiếp bóng đá hôm nay rate specified in Article 4 ofDecree 139/2016/ND-CP.

(2) Value-Added trực tiếp bóng đá hôm nay (VAT):

According to Article 3 of theValue-Added trực tiếp bóng đá hôm nay Law 2008(document effective until July 1, 2025), the activity of leasing out properties is subject to VAT.

- However, households or individuals with annual revenue from production and business activities below 100 million VND are exempt from VAT according to Clause 2, Article 4 ofCircular 40/2021/TT-BTC.

- For cases with revenue exceeding 100 million VND, VAT must be declared and paid, with a trực tiếp bóng đá hôm nay rate of 5% of the taxable VAT revenue, as stipulated in Appendix 1Circular 40/2021/TT-BTC.

(3) Personal Income trực tiếp bóng đá hôm nay (PIT):

Pursuant to Clause 1, Article 3 of thePersonal Income trực tiếp bóng đá hôm nay Law 2007(amended by Clause 1, Article 2 of theLaw on Amendments to trực tiếp bóng đá hôm nay Laws 2014), income from property rentals is subject to PIT.

- However, if the annual revenue from production and business activities is below 100 million VND in a calendar year, the individual is exempted from PIT according to Clause 2, Article 4 ofCircular 40/2021/TT-BTC.

- Similarly to VAT, individuals with revenue over 100 million VND in a year must pay PIT, with a trực tiếp bóng đá hôm nay rate of 5% of the taxable PIT revenue, according to Appendix 1Circular 40/2021/TT-BTC.

Thus, whether leasing out a property incurs taxes depends on their revenue level, with taxes including licensing fee, VAT, and PIT, and specific trực tiếp bóng đá hôm nay rates determined based on current legal regulations.

Shall leasing out houses incur taxes in Vietnam?(Image from the Internet)

What is the penalty for leasing out a property without paying taxes when the revenue is over 100 million VND per year in Vietnam?

According to Article 13 ofDecree 125/2020/ND-CP, penalties for violations of trực tiếp bóng đá hôm nay filing deadlines are stipulated as follows:

- A warning for filing trực tiếp bóng đá hôm nay returns 1 to 5 days late with mitigating circumstances.

- A fine ranging from 2,000,000 VND to 5,000,000 VND for filing trực tiếp bóng đá hôm nay returns 1 to 30 days late, except as provided in Clause 1, Article 13 ofDecree 125/2020/ND-CP.

- A fine ranging from 5,000,000 VND to 8,000,000 VND for filing trực tiếp bóng đá hôm nay returns 31 to 60 days late.

- A fine ranging from 8,000,000 VND to 15,000,000 VND for one of the following acts:

+ Filing trực tiếp bóng đá hôm nay returns 61 to 90 days late;

+ Filing returns late for 91 days or more without incurring trực tiếp bóng đá hôm nay payable;

+ Failing to submit trực tiếp bóng đá hôm nay returns without incurring trực tiếp bóng đá hôm nay payable;

+ Failing to submit appendices for trực tiếp bóng đá hôm nay management for enterprises with associated transactions along with the corporate income trực tiếp bóng đá hôm nay settlement return.

- A fine ranging from 15,000,000 VND to 25,000,000 VND for filing trực tiếp bóng đá hôm nay returns more than 90 days late with incurred trực tiếp bóng đá hôm nay payable, where the taxpayer has paid the trực tiếp bóng đá hôm nay and interests into the state budget before the trực tiếp bóng đá hôm nay authority announces the decision of trực tiếp bóng đá hôm nay inspection, audit, or before the trực tiếp bóng đá hôm nay authority formulates a record of late trực tiếp bóng đá hôm nay returns filing as stipulated in Clause 11, Article 143 of thetrực tiếp bóng đá hôm nay Administration Law 2019.

Note: The above penalties apply to organizations. Penalties for individuals will be 1/2 the penalty for organizations.

What are cases wherethe revenue from property rental is subjectto trực tiếp bóng đá hôm nay imposion in Vietnam?

According to Clause 3, Article 5 ofCircular 40/2021/TT-BTC:

trực tiếp bóng đá hôm nay calculation methods for households and individuals paying trực tiếp bóng đá hôm nay according to the declaration method:

...

3. Households and individuals paying trực tiếp bóng đá hôm nay on the declaration method, if the determined taxable revenue is not consistent with reality, the trực tiếp bóng đá hôm nay authority will assess the taxable revenue according to Article 50 of the trực tiếp bóng đá hôm nay Administration Law.

...

Thus, people leasing out properties paying value-added trực tiếp bóng đá hôm nay (VAT), personal income trực tiếp bóng đá hôm nay (PIT) on the declaration method, if the determined taxable revenue is not consistent with reality, the trực tiếp bóng đá hôm nay authority will assess the taxable revenue according to Article 50 of thetrực tiếp bóng đá hôm nay Administration Law 2019.

Additionally, landlords may be subjected to trực tiếp bóng đá hôm nay imposion if they fall under the circumstances regulated in Article 14 ofDecree 126/2020/ND-CPincluding:

- Failure to register for trực tiếp bóng đá hôm nay;

- Failure to file trực tiếp bóng đá hôm nay returns or inaccurate, incomplete, untruthful filings;

- Failure to provide additional trực tiếp bóng đá hôm nay documents upon trực tiếp bóng đá hôm nay authority’s request, or providing incomplete, untruthful, inaccurate documents to determine taxable basis;

- Failure to reflect or inaccurately reflect data in accounting records for trực tiếp bóng đá hôm nay obligation determination;

- Failure to present accounting records, invoices, documents, and necessary materials related to the determination of taxable elements; determination of payable trực tiếp bóng đá hôm nay amount within stipulated time or when the trực tiếp bóng đá hôm nay inspection, audit period ends at the taxpayer's office;

- Failure to comply with trực tiếp bóng đá hôm nay inspection decisions within 10 working days from the decision date unless inspection time postponement is granted according to regulations;

- Failure to comply with trực tiếp bóng đá hôm nay audit decisions within 15 days from the decision date unless audit time postponement is granted;

- Buying, selling, exchanging, and accounting the value of goods, services not at market transaction value;

- Buying, exchanging goods, services using unlawful invoices, or using unlawful invoices where goods, services are real as determined by competent investigation, inspection, audit authorities and have been declared in revenue, expense calculations for trực tiếp bóng đá hôm nay;

- Signs of evasion or dispersion of assets to avoid trực tiếp bóng đá hôm nay obligations;

- Performing transactions incorrectly with economic nature, not true to the actual occurrence in order to reduce the trực tiếp bóng đá hôm nay obligations of the taxpayer;

- Non-compliance with declaration, identification of associated transaction price obligations or failure to provide information as required by trực tiếp bóng đá hôm nay management regulations for enterprises with associated transactions.