Question:
I am a household business operating in Hanoi. I have heard that in April 2026 there are several changes regarding tax filing deadlines, and late submission may result in heavy penalties. Could you advise on the specific deadlines applicable to different revenue levels and the penalties for late submission?
Answer:
Complying with tax filing deadlines is not only a legal obligation but also helps household businesses avoid unnecessary financial penalties. Pursuant to Decree No. 68/2026/ND-CP and Circular No. 18/2026/TT-BTC, the deadlines for submission in April 2026 are classified in detail based on the business’s annual revenue.
Specifically, for household businesses with annual revenue of VND 500 million or less, the deadline for providing bank account or e-wallet information (Form No. 01/BK-STK) is April 20, 2026. For larger-scale businesses with revenue exceeding VND 50 billion, the same deadline of April 20, 2026 applies for completing account notifications, first-quarter tax filings, and inventory reports. Meanwhile, household businesses with revenue from VND 500 million to VND 3 billion per year are given a slightly longer timeline, with the deadline for submitting tax declaration Form 01/CNKD and related information being April 30, 2026. It should be noted that April 30 is a public holiday; therefore, under general provisions of the Law on Tax Administration, the deadline may be extended to the next working day. However, to avoid any risk, businesses are advised to complete submissions before the holiday.
In the event of late submission of tax filings, household businesses will be subject to penalties in accordance with Decree No. 125/2020/ND-CP and Decree No. 310/2025/ND-CP. The lightest penalty is a warning if the delay is from 1 to 5 days and there are mitigating circumstances. However, if the delay ranges from 1 to 30 days (without mitigating circumstances), fines may range from VND 1 million to VND 2.5 million. Penalties increase progressively depending on the length of delay, reaching VND 4 million to VND 7.5 million for delays of 61 to 90 days, or over 91 days without additional tax payable. Notably, the highest penalty may reach VND 12.5 million for delays exceeding 90 days where additional tax is payable. These penalties apply to individuals/household businesses; for organizations, the fines are doubled (up to VND 25 million) in accordance with general rules on administrative tax violations.
In addition to monetary penalties, household businesses are also required to implement remedial measures, namely paying the full amount of late payment interest to the state budget. This interest is typically calculated at 0.03% per day on the outstanding tax amount. Over time, this can accumulate into a significant cost.
To ensure compliance and protect their interests, household businesses should proactively review their revenue levels to determine the correct category and applicable deadlines.
