Tax declaration services for individuals leasing assets in Vietnam

Pursuant to Point a, Clause 1, Article 9 of Circular 40/2021/TT-BTC, an individual who leases assets is an individual who generates revenue from asset leasing, including:

Recently, issues related to property lease tax declaration have received a lot of attention from many units. Below, Viet An Tax Agent will provide you with the necessary information related to tax declaration services for individuals leasing assets.

When does an individual who leases property have to declare tax?

Property rental tax is a mandatory tax for any individual who generates revenue from the rental of their property.

Accordingly, business individuals with revenue from property leasing must clearly and accurately declare to the tax authority, and at the same time must pay tax if the revenue in the calendar year is over VND 100 million.

Subjects not required to carry out property lease tax declaration procedures

Grounds: New Point 16 in Official Letter 2626/TCT/DNNCN dated July 19, 2021 stipulating VAT and PIT for individuals leasing assets: on the turnover of VND 100 million/year or less to determine that individuals who lease assets are not subject to tax (Point c, Clause 1, Article 9)

“Amending regulations on revenue of 100 million VND/year or less to determine that individuals leasing assets are not subject to tax in the year, accordingly, in case individuals leasing assets do not generate revenue for full 12 months in a calendar year and the average monthly revenue is 8.34 million VND or less, they are not required to declare tax. In case of not generating revenue for full 12 months in a calendar year and the average monthly revenue is over VND 8.34 million, individuals must declare and pay tax in the year, including cases where individuals choose to declare tax annually and submit tax declaration dossiers before December 31 of the tax year; In case an individual chooses to declare tax annually and submit a tax declaration dossier after December 31 of the tax year, he or she is not required to pay tax if the actual total revenue from business activities is VND 100 million or less. In cases where tax has been paid in the year, by the end of the year, individuals who have determined their own turnover in the year are VND 100 million or less, they are responsible for proving and proposing to be refunded or offset against the payable amount arising in the following period in accordance with the law on tax administration.”

Previously: According to the guidance at Point b, Clause 1, Article 4 of Circular No. 92/2015/TT-BTC dated June 15, 2025 of the Ministry of Finance, the turnover of VND 100 million/year or less to determine the subjects not subject to tax in the year in case of not arising for full 12 months in the calendar year is according to the actual property rental revenue generated in the calendar year

Thus, only in case the individual leasing the property does not generate revenue for full 12 months in the calendar year and the average monthly revenue is 8.34 million VND or less, it is not required to declare tax. In the remaining cases, they must declare tax.

Information to be provided when using property lease tax declaration services

The process of declaring property lease tax is somewhat complicated and difficult for first-time business individuals. However, when using the tax declaration service of Viet An Tax Agent, you will only need to provide 2 pieces of information as follows:

• Tax identification number of business individuals
• Copy of the lease contract, appendix to the property lease contract

Time limit for declaration of property lease tax

Pursuant to the new Point 17 in Official Letter 2626/TCTC/DNNCN dated July 19, 20221 on VAT and PIT for individuals leasing assets: on the deadline for submitting tax declaration dossiers for individuals leasing assets (Point a, Clause 3, Article 14)

• Declaration on a case-by-case basis: for individuals leasing assets who declare tax for each payment period, the deadline for submitting tax declaration dossiers is the 10th day from the date of commencement of the lease term of the payment period.
• Lump-sum declaration by year: Individuals who lease assets declare tax on an annual basis, the deadline for submitting tax declaration dossiers is the last day of the first month of the following calendar year.

Principles for calculating property lease tax

• If an individual leases a property with a turnover of VND 100 million or less in a calendar year, he or she is not required to pay VAT, PIT and license fees
• If the turnover in the calendar year is over 100 million VND/year, they must declare and pay VAT, PIT and license fees

How to determine revenue of 100 million VND/year to calculate property lease tax

• In case the individual leases the property without generating revenue for full 12 months in the calendar year and the average monthly revenue is 8.34 million VND or less, he or she is not required to declare tax.
• In case there is no revenue for full 12 months in the calendar year and the average monthly revenue is over VND 8.34 million, the individual must declare and pay tax in the year, including the case where the individual chooses to declare tax annually and submit the tax declaration dossier before December 31 of the tax year.
• In case an individual chooses to declare tax annually and submit a tax declaration dossier after December 31 of the tax year, he or she is not required to pay tax if the actual total revenue from business activities is VND 100 million or less
• In cases where tax has been paid in the year, by the end of the year, individuals themselves determine the turnover in the year of VND 100 million or less, they are responsible for proving and requesting the refund or clearing of the payable amount arising in the following period in accordance with the law on tax administration.
• In case the lessee pays in advance for many years, the lessee shall declare tax and pay tax in one lump sum for the entire prepaid turnover. The lump-sum payable tax amount is the total payable tax amount of each calendar year as prescribed.
• In case there is a change in the content of the asset lease contract leading to a change in taxable turnover, payment period or lease term, the individual shall make an adjustment or supplement declaration in accordance with the provisions of the Law on Tax Administration for the tax period in which there is a change.

Tax declaration period for individuals leasing assets

In case an individual directly declares tax with the tax authority

In case an enterprise declares or pays tax on behalf of an individual leasing an asset

• Organizations or individuals can declare and pay taxes on behalf of an individual in cases where the lease agreement stipulates that the lessee is the taxpayer
• Organizations must declare taxes monthly, quarterly, or upon each payment period or calendar year, as stipulated by tax law

Guidance on tax declaration for individuals leasing property

Property lease tax declaration dossier

Details of an individual’s property lease tax declaration dossier include:

• Property lease tax return for individuals – Form 01/TTS
• Appendix to the list of property lease contracts – Form 01-1/BK-TTS
• Property lease contract, property lease contract appendix (copy)
• Power of attorney (in case the individual authorizes the representative to submit it on behalf of the

Individuals receiving property lease tax declaration dossiers

Individuals declaring property lease tax shall submit their dossiers directly at 1 of the following 2 agencies:

• The Sub-Department of Taxation directly manages the place where the real estate for lease is located: In case the business individual earns income from real estate lease
• Sub-department of Taxation directly managing the place where the individual resides: In case the business individual has income from leasing other assets, such as car leasing

Time limit for declaration of property lease tax

• Deadline for submitting property lease tax declaration dossiers
  • In case of tax declaration for each payment period: Within 10 days from the start of the lease term of the payment period
  • In case of filing a tax return once a year: No later than the last day of January of the next calendar year
• Time limit for paying property lease tax
  • No later than the last day of the deadline for filing tax returns
  • In case of additional declaration of tax declaration dossiers, the tax payment deadline is the deadline for submission of tax declaration dossiers of the property leasing tax period in which the unit has declared incorrectly or omissions.

If you have any difficulties or questions related to tax declaration services for individuals leasing assets, please contact Viet An Tax Agent for the most specific advice.