Household business: 10 practice questions with answers
Abolition of tax quotas, abolition of business license fees, aggregation of revenue from all payment channels and methods of 'reducing revenue' that are not permitted.
10 questionsabout 13 minutes7 multiple choice · 3 calculationsFor: Household business owner, person assisting the household with record-keeping
Machine-translated from the Vietnamese original; under editorial review.
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According to Resolution 198/2025/QH15, what is the status of the tax quota method for household businesses?
- A. Termination no later than 2026
- B. Maintained unchanged
- C. Applied only to households in cities
- D. Replaced by a higher business license fee
Show answer and explanation
Answer: A. Termination no later than 2026
Resolution 198/2025/QH15 terminates the tax quota method no later than 2026. Households accustomed to paying a fixed quota amount need to practise recording actual revenue and filing self-declarations; specific filing methods and periods are detailed in the currently effective guidance documents.
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What is the status of the business license fee from 1 January 2026?
- A. Doubled
- B. Only household businesses remain required to pay
- C. Abolished
- D. Converted to a business tax
Show answer and explanation
Answer: C. Abolished
Resolution 198/2025/QH15 abolishes the business license fee from 1 January 2026. If the e-tax account still shows an unpaid business license fee from the previous year, consult the managing tax office on how to handle it rather than ignoring it.
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Regarding the annual revenue threshold below which household businesses are not required to pay VAT and PIT, which statement is correct?
- A. Still VND 100 million per year as before
- B. Completely abolished; all households must pay
- C. Each province sets its own separate threshold
- D. Previously VND 100 million per year and has been raised in the 2024–2025 law amendment; the specific amount must be checked in the currently effective documents
Show answer and explanation
Answer: D. Previously VND 100 million per year and has been raised in the 2024–2025 law amendment; the specific amount must be checked in the currently effective documents
VND 100 million per year is the old threshold; the 2024–2025 law amendment has raised this threshold. Before concluding that your household is exempt from payment, check the currently applicable amount and aggregate revenue from all payment channels.
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Suppose in October a restaurant receives VND 40 million in cash, VND 70 million by bank transfer, and VND 30 million through a food delivery application (calculated at the selling price to customers). What is the total monthly revenue to be recorded?
Give the answer in VND million.
Show answer and explanation
Answer: VND 140 million
40 + 70 + 30 = VND 140 million. Revenue is all sales proceeds regardless of the payment method used by customers. Common errors: recording only bank transfers because 'the bank has statements' and forgetting cash, or vice versa.
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Suppose the revenue for the three months of quarter 4 is VND 35, 42 and 53 million respectively. What is the total quarterly revenue?
Give the answer in VND million.
Show answer and explanation
Answer: VND 130 million
35 + 42 + 53 = VND 130 million. Aggregate by month and then reconcile with bank statements for the entire quarter to identify immediately which month is under-recorded. Whether to file monthly or quarterly is determined by the guidance of the managing tax office.
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From 1 July 2025, what does an individual household business owner use instead of a personal tax code?
- A. Registered phone number
- B. Bank account number
- C. Business license number
- D. Personal identification number
Show answer and explanation
Answer: D. Personal identification number
From 1 July 2025, the personal identification number is used instead of the personal tax code. The household owner should check in the e-tax account or tax mobile app whether the information is correctly linked to the personal identification number, to avoid old records not matching.
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After abolishing the tax quota, what is the first thing that should be done with the records of a small retail household business?
- A. Immediately purchase comprehensive accounting software like large enterprises use
- B. Record daily revenue from all payment channels (cash, bank transfer, e-wallet, platform) and keep purchase receipts
- C. Wait for the tax authority to send the new tax rate and then calculate
- D. Record only days with high sales
Show answer and explanation
Answer: B. Record daily revenue from all payment channels (cash, bank transfer, e-wallet, platform) and keep purchase receipts
The first essential thing is complete and accurate daily revenue figures. A notebook or spreadsheet recording each day by channel, reconciled with bank statements at month-end, is sufficient to start. Keep purchase receipts to explain the source of goods if asked.
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To 'reduce revenue', a household owner plans to have customers transfer money to a family member's account and not record it. Which assessment is correct?
- A. Reasonable because the account is not in the household's name
- B. Only wrong if the amount exceeds VND 100 million
- C. No problem if the cash is withdrawn at year-end
- D. This is off-the-books revenue: when cash flow is reconciled, revenue may be re-determined, resulting in back taxes and penalties; the family member also bears the risk of being named in the household's records
Show answer and explanation
Answer: D. This is off-the-books revenue: when cash flow is reconciled, revenue may be re-determined, resulting in back taxes and penalties; the family member also bears the risk of being named in the household's records
Sales proceeds are the household's revenue regardless of whose account receives them. Reconciliation of cash flow between personal accounts and business activity is something the tax authority can do; when this occurs, the household owner must explain, and the account holder is drawn into the file.
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A household business in a ward of Ho Chi Minh City needs to inquire directly about tax obligations. Where is the usual place of business?
- A. District Tax Sub-office
- B. Department of Taxation
- C. Grassroots tax office managing the area
- D. District People's Committee
Show answer and explanation
Answer: C. Grassroots tax office managing the area
From 1 July 2025 there is no longer a district level; the tax authority comprises the Department of Taxation, provincial tax offices, and grassroots tax offices. Household businesses work with the grassroots tax office managing their area — Ho Chi Minh City has 29 grassroots tax offices. The name of your managing unit is written on the notification you received or in your e-tax account.
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Suppose in November a household business's revenue ledger shows VND 95 million. During the month, sales proceeds deposited to the account were VND 40 million and cash sales actually received were VND 65 million. By how much is the ledger short?
Give the answer in VND million.
Show answer and explanation
Answer: VND 10 million
Actual sales proceeds received 40 + 65 = VND 105 million; the ledger shows VND 95 million so it is short by VND 10 million. Before correcting the ledger, review whether the difference is indeed from sales; the portion that is revenue should be recorded as a supplement on the correct date.
The questions use rules checked at the time of writing; calculation scenarios are hypothetical with round numbers. Before applying anything to a real filing, read the document in force or ask your managing tax office. TaxDatum.com is run by a private operator and is not a government portal. The Vietnamese original of this set is on HocThue.com.