Vietnam's Ministry of Finance issued Circular No. 40/2021/TT-BTC on 1 June 2021, which provides guidelines on VAT, personal income tax, and tax administration for business households and individuals. Circular No. 40 replaces an earlier circular, Circular 92/2015/TTBTC, and establishes VAT and personal income tax rates on income from various businesses activities performed by business households and individuals, with an exemption threshold of VND 100 million turnover per year, which is unchanged. One of the key changes introduced by Circular No. 40 is the introduction of new requirements in relation to income from e-commerce activities, which covers individuals earning income from...