1. In case the revenue from house rental during the year is 100 million or less or the average monthly is 8.4 million VND or less:
- Personal rental
Not having to declare and pay VAT, PIT and tax authorities also do not issue individual invoices but must pay license tax.
- For businesses that rent houses
The following documents need to be prepared to be recorded in deductible expenses:
- Property lease contract;
- Proof of rental payment.
2. In case revenue from rent in the year is over 100 million:
– Individuals who own a house for rent will have to pay 3 types of taxes: VAT, personal income tax and license tax…
