Does Renting Out a Property with Annual Revenue Below VND 1 Billion Require Tax Filing? Tax Declaration Rules from 2026

Date: 2026.06.24

From January 1, 2026, individuals engaged in real estate rental activities with annual revenue of VND 1 billion or less will not be required to pay Value Added Tax (VAT) and Personal Income Tax (PIT).

However, even if there is no tax payment obligation, property owners are still required to notify rental revenue and payment account information to the tax authorities in accordance with regulations.

Does Renting Out a Property with Annual Revenue Below VND 1 Billion Require Tax Payment?

According to Government Decree No. 141/2026/NĐ-CP, individuals engaged in real estate rental activities with total annual revenue of VND 1 billion or less are not subject to VAT and are not required to pay PIT for such rental activities.

Therefore, from 2026 onwards, individuals renting out houses, apartments, business premises, or other types of real estate with annual revenue not exceeding VND 1 billion will be exempt from the following taxes:

– Value Added Tax (VAT);

– Personal Income Tax (PIT).

However, exemption from tax payment does not mean exemption from all tax declaration and notification obligations.

Individuals Renting Out Real Estate Must Still Notify Rental Revenue

Although no tax amount is payable, individuals engaged in real estate rental activities must still comply with the self-declaration and self-payment mechanism as regulated from January 1, 2026.

Accordingly, property owners are required to complete the following two main obligations:

– Notify annual revenue generated from real estate rental activities;

– Notify the bank account or e-wallet used for rental business activities.

This regulation helps tax authorities manage business activity information and establish a database for tax administration related to individual real estate rental activities.

Deadline for Notifying Real Estate Rental Revenue

For rental revenue notification, individuals may choose the frequency of notification based on their actual business situation.

Taxpayers may choose one of the following methods:

1. Annual Revenue Notification

If choosing to notify revenue once per tax year, the deadline for submission is no later than January 31 of the following calendar year.

2. Revenue Notification Twice a Year

If choosing to notify revenue twice during the tax year, the deadlines are:

– First notification: No later than July 31 of the tax year;

– Second notification: No later than January 31 of the following calendar year.

2026 Real Estate Rental Revenue Notification Form

When notifying rental revenue, individuals leasing real estate must use Form No. 01/BĐS issued together with Circular No. 50/2026/TT-BTC dated May 13, 2026, by the Ministry of Finance.

In cases where an individual owns two or more leased properties, the taxpayer must additionally prepare the Detailed List of Real Estate Appendix using Form No. 01/BK-BĐS, issued together with Circular No. 18/2026/TT-BTC dated March 5, 2026, by the Ministry of Finance.

This appendix allows taxpayers to provide complete information for each property generating rental income.

Methods for Declaring Rental Revenue

Notification of real estate rental revenue is mainly carried out through electronic methods.

Individuals can submit notifications via:

– eTax Mobile application;

– Tax Administrative Procedure Information System at dichvucong.gdt.gov.vn.

However, for special cases such as:

– Elderly individuals;

– Persons with disabilities;

– Persons receiving social protection support;

– Individuals living in areas with extremely difficult socio-economic conditions;

– Other force majeure cases where electronic transactions cannot be performed;

Documents may be submitted directly or sent by postal service to the Commune-level Public Administration Service Center in accordance with regulations.

Where to Declare Tax When Renting Out Multiple Properties?

Individuals renting out multiple properties within the same locality or across different provinces and cities may choose one tax authority where one of the leased properties is located to submit the rental revenue notification.

This regulation helps simplify administrative procedures and facilitates individuals conducting real estate rental activities in multiple locations.

Property Owners Must Notify Bank Account or E-wallet Information

In addition to notifying rental revenue, individuals leasing real estate must also provide information about the bank account or e-wallet used for business activities.

This information is integrated directly into Form No. 01/BĐS, including the following sections:

– [06]

– [06.1]

– [06.2]

Individuals only need to provide this information once in the following cases:

– They have never previously submitted account information to the tax authority;

– Bank account or e-wallet information has not been included in the real estate lease contract.

The deadline for notifying bank account or e-wallet information is the same as the selected rental revenue notification deadline.

Conclusion

From 2026, individuals with annual real estate rental revenue below VND 1 billion will not be required to pay VAT and PIT.

However, property owners must still fully comply with notification obligations regarding rental revenue and payment account information as required by regulations.

Submitting information correctly, on time, and using the required forms and procedures will help individuals renting out houses, apartments, or business premises fulfill their tax obligations, minimize risks, and avoid potential issues during property rental management.