Pilot electronic PIT declaration for individuals engaged in house rental activities in Vietnam

08:36, 13/10/2016

Recently, the Ministry of Finance of Vietnam issued Decision No. 2128/QD-BTC on the pilot implementation of electronic declaration of value-added tax (VAT) and personal income tax (PIT) applicable to individuals engaged in house rental activities. According to this Decision:

- The pilot program applies to individuals who rent out properties in Hanoi and Ho Chi Minh City, are under the jurisdiction of the tax authorities in these cities, and are in demand of electronically declaring their VAT and PIT for their rental activities.

- The pilot program shall be implemented from November 2016 to December 2017.

- Individuals who carry out electronic tax declaration must meet the requirements for making electronic transactions specified in Circular No. 110/2015/TT-BTC and the procedures promulgated together with Decision No. 2128/QD-BTC of the Ministry of Finance of Vietnam.

Details of the procedures for pilot implementation of electronic declaration of VAT and PIT applicable to individuals engaged in house rental activities can be found in Decision No. 2128/QD-BTC of the Ministry of Finance of Vietnam, which takes effect from October 04, 2016.

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