Official Letter No. 4613/CT-CS dated October 22, 2025, issued by the Tax Department regarding tax policies applicable to income from asset leasing

1. Tax administration for individuals leasing out assets

Individuals engaged in asset leasing are those who generate revenue from leasing activities, including:

• An individual leasing assets refers to an individual earning revenue from leasing assets, including leasing houses, premises, shops, factories, and warehouses (excluding accommodation services); leasing vehicles and machinery/equipment without operators; and leasing other assets without accompanying services.
• An individual providing accommodation services refers to a person providing short-term accommodation to tourists and other short-term guests; providing long-term accommodation (excluding apartments) to students, workers, and similar groups; or providing accommodation together with food and beverage services or entertainment activities.

2. Tax administration for individuals with annual revenue not exceeding VND 100 million

• Business households and individual businesspersons whose annual revenue from production and business activities in a calendar year does not exceed VND 100 million (and from January 1, 2026, does not exceed VND 200 million) are not subject to value-added tax (VAT) and are not required to pay personal income tax (PIT) in accordance with the provisions of the laws on VAT and PIT. Business households and individual businesspersons shall declare taxes accurately, honestly, and fully, and shall submit tax dossiers on time; they shall bear legal liability for the accuracy, truthfulness, and completeness of their tax dossiers in accordance with the law. The declaration and submission of tax dossiers are prescribed in Articles 11 and 13 of Circular No. 40/2021/TT-BTC dated June 1, 2021, issued by the Ministry of Finance.

3. eTax Mobile application and tax declaration forms

• The Electronic Tax Application for Individuals (eTax Mobile) currently supports taxpayers in submitting asset leasingtax declarations either per payment period or annually.
• The eTax Mobile application supports business households and individual businesspersons in declaring taxes using Form No. 01/CNKD – Tax Declaration for Business Households and Individual Businesspersons, promulgated together with Circular No. 40/2021/TT-BTC dated June 1, 2021, of the Ministry of Finance.
• Regarding the Tax Declaration for Property Leasing Activities (Form No. 01/TTS) issued together with Circular No. 40/2021/TT-BTC, the Tax Department will carry out system upgrades in the near future.

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