Business Households Mandatory Bank Accounts

The requirement for mandatory bank accounts for business households is a key topic following the policy shift toward tax transparency, digitization, and actual transaction monitoring. The abolition of the presumptive tax (thuế khoán) requires business households to declare and pay taxes based on actual revenue. This creates the necessity to open bank accounts for tax management and reconciliation. This analysis from Long Phan Consulting Company details this new regulation.

Tax Management Method for Households from 01/01/2026

Previously, business households paid tax using the presumptive method, where (aside from the business license fee) other taxes were bundled based on estimated revenue. This mechanism will be officially abolished on January 1, 2026.

According to Clause 6, Article 10 of Decree 198/2025/QH15, from 01/01/2026, business households and individuals will no longer apply the presumptive tax method. They must pay tax according to the provisions of tax administration law.

Furthermore, Table 2 of the Scheme (issued with Decision 3389/QĐ-BTC on October 6, 2025) classifies business households into three groups based on revenue: households with revenue up to 200 million VND, households with revenue over 200 million to 3 billion VND, and households with revenue over 3 billion VND.

Each group will apply a different tax calculation method.

Households with revenue up to 200 million VND

Based on Table 2 (Decision 3389/QĐ-BTC), business households with revenue of 200 million VND or less are exempt from Value Added Tax (VAT) and Personal Income Tax (PIT).

Households with revenue over 200 million to 3 billion VND

For this group, the law stipulates the following tax calculation methods:

• VAT VAT for this group applies the direct method (% of revenue). Formula: VAT payable = Revenue x % Rate If eligible for the deduction method and voluntarily registering for it, VAT is calculated as: Formula: VAT payable = Output VAT – Deductible Input VAT

• PIT PIT for these households is calculated as a percentage (%) of revenue, specific to the industry/sector. Formula: PIT payable = Revenue x % Rate

Households with revenue over 3 billion VND

• VAT Households with revenue over 3 billion VND must apply the deduction method to calculate VAT. The VAT payable equals the difference between output VAT and deductible input VAT.

• PIT For PIT, the tax payable is 17% of taxable income. Taxable income is defined as revenue remaining after deducting reasonable, related business expenses.

>>> See more at: 2025 Corporate Income Tax Rate Changes

New Rules on E-Invoices and Bank Accounts

The abolition of presumptive tax also mandates the use of e-invoices and bank accounts. This ensures accurate revenue recording, guarantees transparency, and facilitates tax administration.

E-Invoice Regulations for Households from 01/01/2026

According to Table 2 (Decision 3389/QĐ-BTC), e-invoice usage for business households from January 1, 2026, is regulated as follows:

• Revenue up to 200 million VND: Encouraged to use coded e-invoices for consumer transactions.

• Revenue over 200 million to 3 billion VND: Mandatory use of e-invoices from cash registers if revenue exceeds 1 billion VND and the business involves direct sales of goods/services to consumers.

• Revenue over 3 billion VND: Mandatory use of coded e-invoices or e-invoices from cash registers.

This shows the law does not require all households to use e-invoices, only specific groups based on revenue and business type.

Business Households Requiring Mandatory Bank Accounts

Along with abolishing presumptive tax, tax management mechanisms for business households have adjusted significantly. The law now requires households to open bank accounts for business activities. However, not all households are subject to this mandate.

Based on Table 2 (Decision 3389/QĐ-BTC), only two groups must open bank accounts:

• Households with revenue from over 200 million to 3 billion VND.

• Households with revenue over 3 billion VND.

For households with revenue under 200 million VND, opening a bank account is not mandatory.

Revenue Declaration Responsibility (New Regulations)

Per Table 2 (Decision 3389/QĐ-BTC), revenue declaration responsibilities from January 1, 2026, are:

• Revenue up to 200 million VND: Must declare revenue twice annually (mid-year and year-end) to determine tax obligations.

• Revenue over 200 million to 3 billion VND: Declare quarterly (4 times/year) and perform annual finalization.

• Revenue over 3 billion VND: Declare monthly (if annual revenue > 50 billion) or quarterly, and perform annual finalization.

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Bank Account Opening Services by Long Phan Consulting Company

Long Phan Consulting Company provides advisory services for opening bank accounts for business households. We assist clients in understanding new legal regulations, preparing dossiers, and executing procedures quickly and compliantly. This service helps business households save time, ensure legal compliance, and streamline tax declaration processes.

Our service scope includes:

• Advising on current laws regarding business household bank account opening and usage.

• Assessing revenue and business type conditions to determine mandatory status.

• Guiding the preparation of necessary documents required by banks and tax authorities.

• Assisting with bank procedures to complete account opening accurately.

• Consulting on business account usage, including declaration, tax reconciliation, and secure electronic transactions.

Long Phan Consulting Company’s service aims to help business households maintain compliance, save time, and increase professionalism in financial operations.

Frequently Asked Questions (Q&A)

Below are common questions regarding mandatory bank accounts for business households after the abolition of presumptive tax.

What is the deadline for mandatory bank account opening?

Per Decision 3389/QĐ-BTC, from January 1, 2026, households with revenue over 200 million VND must have a bank account. These households must complete the opening process before January 1, 2026, to align with the new tax method and ensure compliance.

What is the main purpose of this mandatory requirement?

The purpose is to record actual revenue accurately, ensure transparency, and facilitate tax authority management and reconciliation after the presumptive tax abolition.

Can households with revenue under 200 million open an account voluntarily?

Yes. While the law does not require this group to open an account, households can do so voluntarily for transactions, professional financial management, or future scaling.

Are there penalties for non-compliance (if mandatory)?

Violating bank account regulations may result in administrative fines under tax management laws. Tax authorities may also apply tax enforcement measures and restrict business activities for non-compliant cases.

Conclusion

The requirement for mandatory bank accounts for business households is a significant step in the modernization and transparency of tax administration. For consultation and support, please contact Long Phan Consulting Company via hotline 1900636389 for timely advice.