Tax Compliance - Decree 70
Decree 70/2025/ND-CP (amending Decree 123/2020) forces real-time e-invoicing and actual-revenue declaration on Vietnamese household and small businesses. In force since 1 Jan 2026 - the regulatory reason KICKO exists.
Two different bands - do not conflate them
KICKO rollout band = which businesses KICKO serves each phase (Phase 1 ≤ 1B, Phase 2 + 1-3B, Phase 3 + 3-50B). Tax-obligation band = what the law requires by revenue - only under 200M is exempt. A Phase-1 customer at 500M revenue is served by KICKO and owes direct tax; the two axes are independent.
Revenue bands and tax obligation
This table is the canonical revenue-band reference - the roadmap, target customers and overview pages defer to it.
| Annual revenue | Tax obligation | E-invoice (HĐĐT) | Book | KICKO phase |
|---|---|---|---|---|
| Under 200M VND* | VAT exempt · PIT exempt | Optional | S1a | Phase 1 |
| 200M - 1B VND | Direct tax - PIT on % of revenue (rate by industry) | Required at point of sale (MTT) | S1a | Phase 1 |
| 1B - 3B VND | Direct tax - PIT on % of revenue + mandatory real-time connection | Required + cash-register connection | S2a | Phase 2 |
| Over 3B / enterprise | VAT (output − input) + CIT on profit‡ | Full | S2b-e (4 books) | Phase 3 |
Declaration cycle: periodic for the exempt band, quarterly for direct-tax HKD, monthly/quarterly for enterprises by size.
* Exempt threshold is currently 200M VND; proposals would raise it to 500M-1B. ‡ Profit-based tax above the household-business (HKD) regime is Corporate Income Tax (CIT / thuế TNDN) - not PIT. HKD pay PIT on a percentage of revenue, never on profit. Confirm the exact CIT rate and the presumptive PIT %-by-industry matrix with the tax/legal team before external publication - figures here are indicative, not legal advice. Legal basis: Decree 70/2025/NĐ-CP (amends Decree 123/2020). Implementing circulars (presumptive rates, the S-series accounting books) to be added by tax/legal.
Requirement -> How KICKO covers it
| Requirement (Decree 70) | How KICKO covers it |
|---|---|
| Real-time connection - POS, cash-register and software users transmit revenue data live to the tax authority (CQT) | Automatic, invisible transmission to CQT on every sale |
| E-invoice issued at the exact time of sale | Valid e-invoice (HĐĐT) with one tap |
| Actual-revenue declaration - flat-tax households and COD/collection services record revenue per transaction, not monthly estimates | Every sale logged by transaction with the required tax metadata |
| MST (tax ID) on every transaction | MST attached automatically per sale |
| 10-year data retention | 10-year retention on secure cloud |
| Displayed price equals the final invoice amount | Price shown matches the issued invoice |
| Audit readiness - automatic revenue reconciliation | One-click export for tax audits |