VIB Business: A Solution Supporting Household Businesses in Compliance Before the April 20 Deadline

April 20, 2026 is the deadline for household businesses and individual entrepreneurs to register their business bank accounts and e-wallets with the tax authorities, under Government Decree 68/2026 and Circular 18/2026 issued by the Ministry of Finance. The first move: open a dedicated bank account for your business.

It can be said that this is not merely a matter of procedural compliance; rather, millions of household businesses are transitioning into a new tax administration framework - shifting from the presumptive tax regime (lump-sum taxation) to a system of self-declaration, self-assessment, and self-payment based on actual revenue. The three revenue thresholds of VND 500 million, VND 1 billion, and VND 3 billion per annum, as stipulated in Decree 68, represent not only tax brackets but also three distinct levels of financial management sophistication. As business scale expands, the requirements for cash flow transparency, supporting documentation, and capital management correspondingly become more stringent.

VIB Business - a comprehensive financial solutions suite developed by Vietnam International Bank (VIB) - is designed to cater to the diverse needs and scales of household businesses, while ensuring compliance with the new regulatory and operational standards.

Revenue exceeding VND 500 million: Tax obligations arise – requiring cash flow segregation and digitalized management

When annual revenue exceeds VND 500 million, household businesses are required to declare and pay taxes on a periodic basis. The use of a single account for both personal and business expenditures is no longer appropriate, as each transaction must be clearly recorded and traceable for reconciliation purposes.

One of the key solutions to address this challenge is the VIB iBusiness/sBusiness account package - designed for sole proprietors and small businesses - offering unlimited transaction limits and waivers on various banking fees. The account is established under the registered business name, ensuring compliance with account regulations while enhancing transparency in financial transactions.

Currently, VIB offers cashback of up to VND 168,000 for customers subscribing to the package during this period, along with complimentary QR Payment solutions and the VIB Noti device - a voice-enabled transaction notification system that supports real-time payment monitoring.

In addition, the VIB Business payment card enables clear segregation of business-related expenditures, with all transactions automatically recorded in electronic statements. Supporting documents can be generated on demand, eliminating the need for manual reconciliation. The card offers an annual fee waiver when annual spending reaches VND 50 million, while the foreign exchange conversion fee is progressively reduced to 0% based on transaction volume - making it well-suited for household businesses and enterprises engaged in international payments.

To enable continuous cash flow monitoring instead of waiting for end-of-month summaries, the VIB Business mobile application allows users to access real-time financial data updates. Revenue is recognized immediately upon occurrence, transaction history can be retrieved at any time, and business owners can assign user access and transaction authorization levels to employees on a single platform for effective management.

The application also integrates SoftPOS, enabling merchants to accept card payments directly on mobile devices, along with QR Payment solutions that support cashless transactions at each point of sale. As a result, cash inflows and outflows are automatically recorded, creating a transparent data foundation to support periodic tax declaration and compliance.

Revenue exceeding VND 1 billion: Mandatory e-invoicing – optimizing working capital

From the threshold of VND 1 billion in annual revenue, electronic invoicing (e-invoicing) becomes mandatory for transactions involving the sale of goods and services. As business scale expands, working capital pressure also increases, as household businesses often need to pre-finance inventory, payroll, and operating expenses, while cash inflows are subject to a certain time lag.

In addition to tools that support standardized financial operations and management, VIB also offers the VIB Business credit card as a source of short-term working capital financing. With one of the longest interest-free periods on the market, up to 58 days, business owners can settle operating expenses as they arise and subsequently manage their cash flow for repayment without incurring financing costs. Alternatively, they can take advantage of an unlimited 1% cashback mechanism across multiple spending categories - including inventory procurement, advertising, software, airline tickets, and international transactions - thereby optimizing operating costs.

Revenue exceeding VND 3 billion: Taxation based on actual income - requiring substantial capital and a robust documentation system

When annual revenue exceeds VND 3 billion, household businesses are required to apply the personal income tax calculation method based on actual taxable income - i.e., revenue minus deductible expenses, multiplied by the applicable tax rate. At this stage, a clear and consistent system of supporting documentation is essential not only for regulatory compliance but also for optimizing tax liabilities. At the same time, capital requirements for maintaining and expanding operations increase significantly.

In addition to the aforementioned financial solutions, household businesses can also access working capital loan facilities from VIB, with credit limits of up to VND 100 billion and a loan-to-value ratio of up to 80% for real estate collateral, thereby providing additional financial resources to support growth plans.

The application and documentation process is designed to be simple and flexible, aligning with the operational characteristics of SMEs and household businesses - which typically do not have complex financial structures like large corporations.

Regardless of the revenue threshold, the VIB Business solutions suite offers tools tailored to each stage of development and can be scaled in line with business growth. In the context of an increasingly transparent and standardized regulatory environment, establishing a solid financial management foundation early is considered a crucial step in enabling household businesses and SMEs to proactively adapt to market changes and achieve sustainable growth. Explore the VIB Business financial solutions suite here.