Tax - The Viet Media - Vietnam In-Depth

A bicycle vegetable stall on a Hanoi street, two women preparing produce at a loaded stall board, with a herbal medicine shopfront behind them and motorbikes parked alongside

Vietnam

Vietnam's First Year Without Presumptive Tax: Most Small Shops Owe Nothing, But Now They Have to Keep Books

Vietnam scrapped its decades-old presumptive tax this year. Tax officers used to estimate your revenue and collect a fixed sum; now you declare what you actually earned. The tax-free threshold rose to VND1 billion at the same time, so most small shops owe nothing — what got heavier is the paperwork.