Circular
92/2015/TT-BTC
Circular 92/2015/TT-BTC guiding VAT and personal income tax for resident individuals with business activities and guiding amendments on personal income tax under Law 71/2014/QH13 and Decree 12/2015/ND-CP of February 12, 2015
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Ministry of Finance
Vietnam's central finance ministry: the state budget, taxation, customs, the state treasury, public debt, state reserves, and accounting and pricing policy. In the 2025 reorganisation it absorbed the former Ministry of Planning and Investment, adding national development planning, public investment and statistics.
Document Type | Document Number | Status | Date Effective | Issuing Body | Official Source URL |
|---|---|---|---|---|---|
Circular | 92/2015/TT-BTC | Partially in effect | 30/07/2015 | Ministry of Finance | https://phapluat.gov.vn/legal-documents/76719 |
Summary
Circular 92/2015/TT-BTC, issued by the Ministry of Finance on 15 June 2015, guides value-added tax and personal income tax for resident individuals engaged in business, and implements personal income tax changes in Law 71/2014/QH13 (amending several tax laws) and Decree 12/2015/ND-CP. For personal-finance and tax calculations, its central feature is the presumptive (khoan) method for individual business taxpayers. The taxpayers covered are resident individuals, groups of individuals, and households that produce or trade goods and services across all sectors, including independent licensed professionals, agents selling at fixed prices for lottery, insurance, and multi-level marketing companies, business cooperation with organizations, and agriculture, forestry, salt-making, and aquaculture not qualifying for exemption. A key threshold is that individuals with business revenue of…