Property rental tax filing – Navi Accounting

Property leasing tax declaration service – Full package solution, in accordance with the law, prestige at Navi Accounting

Property rental tax declaration services are becoming an urgent need for individuals and business households that generate income from leasing houses, premises, warehouses, cars, machinery and equipment… However, the process of tax declaration and payment is not simple: from properly understanding regulations, preparing dossiers, selecting declaration forms, to the deadline for submission in each period.

Even minor errors can result in fines, arrears, or repeated demands for accountability.
Navi Accountants provides a one-stop tax preparation solution that saves you time, complies with the law, and peace of mind when leasing property without tax risk.

1. Why is it necessary to declare taxes when leasing property?

When an individual or business household generates income from leasing assets (houses, premises, warehouses, equipment, machinery…), the tax law stipulates that you must make a full tax declaration and payment.

Failure or misrepresentation can easily lead to:

• Tax arrears

• Administrative sanctioned

• Examined for tax records

• Affecting personal tax history

Although the procedure is not too complicated for professional people, for most individuals, the preparation of dossiers, understanding the declaration period, tax calculation method… is still quite cumbersome.
That’s why Navi Accountants provide professional tax preparation support – giving you peace of mind and saving you time.

2. Subjects and scope of application

The property leasing tax declaration service of Navi Accountant is in accordance with:

• Individuals leasing houses, premises, warehouses, workshops, offices

• Individual renting motorbikes, cars, machinery and equipment

• Business households leasing assets

• Organization/enterprise sublease assets

• Property is real estate or movable property

• Cases of renting without long-term accommodation…

For example: the owner of the apartment for rent, the owner of the factory for rent, the individual renting the car, the generator for rent, the air conditioner for rent, the construction machine… are all in the scope of application.

3. How to calculate tax on leasing activities of individuals

3.1 Determination of license fees for individuals leasing assets

According to Clause 2, Article 4 of Circular 302/2016/TT-BTC, as amended by Clause 3, Article 1 of Circular 65/2020/TT-BTC, the license fees payable by individuals leasing assets are divided according to revenue as follows:

• In case of revenue of over VND 500 million/year: license fee of VND 1,000,000/year.

• In case of revenue from over 300 million to 500 million VND/year: license fee 500,000 VND/year.

• In case of revenue from over 100 million to 300 million VND/year: license fees of 300,000 VND/year.

3.2 How to calculate VAT and pit with property leasing activities

Pursuant to Clause 3, Article 10 of Circular 40/2021/TT-BTC, VAT and pit payable are calculated according to the following formula:

• Payable VAT = Revenue calculated VAT × Rate of VAT

• Personal income tax payable = Revenue from calculating personal income tax × Personal income tax rate

In which:

• Taxable revenue is determined according to Clause 1, Article 10 of Circular 40/2021/TT-BTC.

• The tax rate is specified in Appendix I to Circular 40/2021/TT-BTC.

For the group of leasing assets under the section “Services, construction without material bidding”, the tax rate is applied as follows:

From there, for property leasing activities, the payable tax is calculated:

• VAT = Taxable revenue × 5%

• Personal income tax = Taxable revenue × 5%

Illustration

Company A signs the rental contract of Mr. B with the following contents:

• Lease term: from January 1, 2025 to December 31, 2025 (1 year).

• Rental price: 35,000,000 VND/month.

• The rental price does not include tax; The lessor shall declare and pay tax according to regulations.

► Determination of taxable revenue

Because the rental price is a lump sum price excluding tax, Mr. B’s taxable revenue in the year is determined:

Taxable revenue = 35,000,000 × 12 = 420,000,000 VND/year

► Determination of tax liability

Revenue of 420 million VND/year is greater than revenue of 100 million VND/year – the threshold for tax declaration and payment. Thus, Mr. B is subject to:

• License fees

• VAT

• Personal Income Tax

► Calculate each type of tax

a) License fee: Revenue from 300–500 million VND/year, the applied license → fee is: → 500,000 VND/year

b) VAT: Payable VAT = 420,000,000 × 5% → 21,000,000 VND

c) Personal income tax: Personal income tax payable = 420,000,000 × 5% → 21,000,000 VND

4. Dossiers – Procedures for declaring property lease tax

4.1 Client dossiers to be prepared

Just send Navi:

• Rental Agreement/Addendum

• Lessor ID

• Tax Identification Number (if applicable)

• Copy of red book/red book (area, type of property, location…)

• Notarial power of attorney (if Navi submits the application on behalf of Navi)

Navi will take care of the rest.

4.2 Procedures for declaration

Depending on the case, it may be possible to declare:

• Deadline for registering an account on declaring the leasing of assets → The deadline for submission: 10 days from the start of the leasing period

• By year Return submission due → date and tax incurred: the last day of the first month of the following year

5. Why choose the services of Navi Accounting?

• Professional – knowledgeable about tax law

• Save time, not travel

• Avoid the risk of errors, fines for late payment

• Costs to fit every need

• Personalized advice by each asset type

6. Frequently Asked Questions

■ When do I have to file my taxes?
When rental income arises (house, warehouse, car, equipment…).

■ Is revenue under 100 million VND/year subject to tax?
VAT & pit are not required to be paid, but still have to be declared

How does the ■ contract change?
Additional declarations or new periodic declarations.

■ Can I declare myself online?
Yes, but the procedure is quite complicated. Navi can provide all-inclusive support.

7. Navi Accounting – Accompanying you in all tax procedures

If you are leasing property and worried about declaring and paying taxes in accordance with regulations, let Navi Accountant assist.
We commit to:

• Strictly follow the law

• On time

• Correct profile

• Minimize risk

See also:

►

► Dossiers and procedures for dissolution of one-member limited liability company

► Dissolution of lump-sum, low-cost business 

If you need to use the accounting service package (tax report) of ketoannavi call now:

0968.153.486

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