Vietnam puts an end to lump-sum tax, aiming for a level playing ground

A business household in Vinh Long Province. All business households nationwide will switch to a self-declaration and payment, starting from Jan 1, 2026. — VNA/VNS

HANOI: The Ministry of Finance has approved a comprehensive plan to abolish the long-standing lump-sum tax regime for business households, aiming to modernise tax administration and create a fairer business environment.

Under the plan, all business households nationwide will shift to a self-declaration and payment system from Jan 1, 2026, marking the end of a mechanism that has been in place for decades.