After Lunar New Year (Tet), a reader plans to open a restaurant for factory workers and seeks guidance on whether to register as a business household or establish an enterprise, citing concerns about complex tax procedures.

Beyond self-keeping records, business household owners can assign family members (spouses, parents, siblings) to handle accounting tasks.

Business households in Vietnam face administrative penalties for violations related to business registration, tax declaration, and tax evasion.

Under new regulations, if common assets are insufficient, authorities will deduct funds and seize assets from members of business households and families to enforce administrative penalties.

Business households must review revenue, inventory, register for e-invoicing, and set up bank accounts to prepare for the transition to a self-declaration tax mechanism starting in early 2026.

Business households and individuals will determine their tax liability based on actual annual revenue under a new draft decree.