Are nomadic businesspeople in Vietnam required to pay taxes?
Under the provisions of Clause 2 Article 79 of Decree 01/2021/ND-CP:
Households engaged in agriculture, forestry, aquaculture, salt production, street vendors, nomadic or seasonal businesspeople, and service providers earning low revenues are not required to apply for the establishment of household businesses, except for conditional business lines. The provincial People’s Committees shall specify the low revenues applied within their provinces.
Thus, according to this regulation, nomadic businesspeople in Vietnam are not required to apply for business registration. However, this does not mean that nomadic businesspeople in Vietnam are exempt from tax liability.
Under the provisions of Article 1 Circular 92/2015/TT-BTC, businesspeople whose revenues are over VND 100 million/year are subject to payment of value-added tax and personal income tax from business activities in Vietnam.
Combining the above two provisions, where you are a nomadic businessperson in Vietnam, you are not required to apply for business registration. However, if your revenues are over VND 100 million/year, you still have to carry out procedures for declaring and paying value-added tax and personal income tax.
Detailed tax calculation methods for sales may be found in the article:
Sincerely!
