Amid the ongoing refinement of the tax legal framework to enhance regulatory efficiency and ensure tax equity, the new regulations governing individuals engaged in real estate leasing have introduced a number of significant changes. In particular, for individuals owning and leasing multiple properties, the new tax policies not only adjust applicable tax rates but also revise the determination of tax liabilities, as well as the methods of tax declaration and payment. In this article, Võ & Associates summarizes and analyzes the key issues that individuals engaged in real estate leasing activities should take into consideration.

1. Applicable Taxes 

Pursuant to Clause 4, Article 7 of the 2025 Law on Personal Income Tax, Clause 2, Article 12 of the 2024 Law on Value-Added Tax, and Appendix I promulgated alongside Circular No. 69/2025/TT-BTC, individuals engaged in the business of leasing real estate with an annual revenue exceeding VND 500 million shall be liable for two types of taxes at the following specific rates:

Payable VAT Amount	=	Revenue	x	5%
Payable PIT Amount	=	(Revenue – VND 500 million)	x	5%

In the event that an individual leases multiple real estate properties at different locations, such individual is entitled to a deduction of VND 500 million prior to the calculation of personal income tax for one or several real estate lease contracts selected by the individual, until the full deduction of VND 500 million is reached.

In cases where the lessee is an organization that declares and pays taxes on behalf of the lessor, the real estate lease contract must clearly stipulate the provisions for such proxy declaration and payment, as well as the deductible amount applicable when calculating personal income tax. In cases where the real estate lease contract includes provisions for proxy tax declaration and payment but the VND 500 million deduction has not been fully utilized, the individual may continue to select other real estate lease contracts to apply the remaining deduction until the full limit of VND 500 million is reached.

2. Responsibility for tax declaration The parties responsible for tax declaration include:

• The individual engaged in the real estate leasing business; or
• The organization leasing the real estate from the individual, acting to declare and pay taxes on behalf of the individual, provided that the real estate lease contract contains an agreement designating the lessee as the party responsible for proxy tax declaration and payment.

3. Tax declaration dossier 

According to Clause 4, Article 4 of Circular 18/2026/TT-BTC, the tax declaration dossier for direct declaration by the businessman comprises:

• Tax return for real estate leasing activities utilizing Form No. 01/BDS.
• Appendix detailing real estate properties utilizing Form No. 01/BK-BDS.

The tax declaration dossier for proxy declaration and payment by the leasing organization comprises:

• Tax return for real estate leasing activities utilizing Form No. 01/TCKT.
• Appendix detailing real estate properties utilizing Form No. 02/BK-KTBDS.

4. Deadlines for tax declaration and payment 

Decree No.1 68/2026/ND-CP allows taxpayers who are businessmans directly declaring taxes to flexibly choose their tax declaration method.

Option 1: Bi-annual tax declaration

Individuals may conduct tax declaration in two periods per year:

• First tax period: The deadline for submitting the tax declaration dossier is no later than July 31st of the tax year.
• Second tax period: The deadline for submitting the tax declaration dossier is no later than January 31st of the subsequent year.

Option 2: Annual tax declaration

Alternatively, individuals may opt for a single tax declaration for the entire year.

• Deadline for submitting the tax declaration dossier: No later than January 31st of the year following the tax year.

In cases where the leasing organization executes proxy tax declaration and payment on behalf of the individual, the deadline for submitting the tax declaration dossier shall be determined based on the payment period of the real estate rent.

5. Place of submission for tax declaration and payment 

Individuals possessing multiple real estate properties for lease situated within the same province/municipality or across different provinces/municipalities shall execute a consolidated tax declaration for all properties within a single tax declaration dossier and select one tax authority where a leased property is located to submit the dossier, except in cases where the leasing organization conducts proxy tax declaration and payment. The individual must declare revenue, payable value-added tax, and payable personal income tax, and remit such taxes correspondingly to each location where a leased real estate property is situated.

Submission channels: Procedures are executed via the eTax Mobile application or online through the State’s public service portal at: https://dichvucong.gdt.gov.vn/tthc/homelogin.

The above are the sharing of lawyers, providing information not for consulting purposes and not consulting opinions, Vo & Associates is not responsible in all cases.

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