According to xem bóng đá trực tiếp nhà cái new 2025 regulation, is xem bóng đá trực tiếp nhà cái VAT rate for food and beverage service 8% or 10% in Vietnam?
According to xem bóng đá trực tiếp nhà cái new 2025 regulation, is xem bóng đá trực tiếp nhà cái VAT rate for food and beverage service 8% or 10% in Vietnam?
VAT stands for "Value Added Tax," which is a tax on xem bóng đá trực tiếp nhà cái additional value of goods and services arising in xem bóng đá trực tiếp nhà cái process from production, circulation to consumption as stipulated in Article 2 of xem bóng đá trực tiếp nhà cáiValue Added Tax Law 2008.
Pursuant to Article 11 ofCircular 219/2013/TT-BTCwhich stipulates cases where xem bóng đá trực tiếp nhà cái 10% VAT rate is applicable as follows:
10% Tax Rate
xem bóng đá trực tiếp nhà cái 10% tax rate applies to goods and services not covered by Articles 4, 9, and 10 of this circular.
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In alignment with xem bóng đá trực tiếp nhà cái stipulations in Articles 4, 9, and 10 ofCircular 219/2013/TT-BTCconcerning xem bóng đá trực tiếp nhà cái objects not subject to VAT and cases where 0%, 5% VAT rates are applicable, xem bóng đá trực tiếp nhà cái food and beverage service will be subject to a 10% tax rate.
However, as per Article 1 ofDecree 180/2024/ND-CPregulating VAT reduction as follows:
Reduction in Value Added Tax
- A reduction in VAT applicable to xem bóng đá trực tiếp nhà cái groups of goods and services currently subject to a 10% tax rate, excluding xem bóng đá trực tiếp nhà cái following groups:
a) Telecommunications, financial, banking, securities, insurance activities, real estate business, metals and prefabricated metal products, mining products (except coal), coke, refined petroleum, chemical products. Details in Appendix I attached to this Decree.
b) Products and services subject to excise tax. Details in Appendix II attached to this Decree.
c) Information technology as defined by xem bóng đá trực tiếp nhà cái law on information technology. Details in Appendix III attached to this Decree.
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- Rate of VAT Reduction
a) Entities calculating VAT using xem bóng đá trực tiếp nhà cái credit method shall apply an 8% VAT rate on goods and services specified in Clause 1 of this Article.
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Besides, according to xem bóng đá trực tiếp nhà cái list provided in Appendices 1, 2, 3 ofDecree 180/2024/ND-CP, food and beverage services are not included.
And, pursuant to Article 2 ofDecree 180/2024/ND-CPregarding xem bóng đá trực tiếp nhà cái effective date for xem bóng đá trực tiếp nhà cái VAT reduction decree as follows:
Effective Date and Implementation
1. This Decree is effective from January 1, 2025, until June 30, 2025.
- Ministries according to their functions, and People's Committees of provinces and centrally-run cities, shall direct xem bóng đá trực tiếp nhà cái relevant agencies to propagate, guide, inspect, and supervise so that consumers understand and benefit from xem bóng đá trực tiếp nhà cái VAT reduction provisions of this Decree, focusing on solutions to stabilize xem bóng đá trực tiếp nhà cái supply-demand of goods and services subject to VAT reduction to maintain price stability (prices excluding VAT) from January 1, 2025, to June 30, 2025.
- If any issues arise during xem bóng đá trực tiếp nhà cái implementation, xem bóng đá trực tiếp nhà cái Ministry of Finance shall provide guidance and resolution.
- Ministers, heads of equivalent-level agencies, heads of Government-affiliated agencies, Chairs of People's Committees of provinces and centrally-run cities, and related enterprises, organizations, and individuals are responsible for implementing this Decree.
Hence, during xem bóng đá trực tiếp nhà cái first six months of 2025 from January 1, 2025, to June 30, 2025, food and beverage services will benefit from a VAT reduction and be subject to an 8% tax rate. After June 30, 2025, if xem bóng đá trực tiếp nhà cái VAT reduction policy is not extended, food and beverage services will revert to xem bóng đá trực tiếp nhà cái 10% tax rate.
According to xem bóng đá trực tiếp nhà cái new 2025 regulation, is xem bóng đá trực tiếp nhà cái VAT rate for food and beverage service 8% or 10% in Vietnam? (Image from Internet)
What is xem bóng đá trực tiếp nhà cái method of VAT deduction in Vietnam?
Pursuant to Clause 1, Article 10 of xem bóng đá trực tiếp nhà cáiValue Added Tax Law 2008as amended by Clause 4, Article 1 of xem bóng đá trực tiếp nhà cáiAmended Value Added Tax Law 2013, xem bóng đá trực tiếp nhà cái following stipulations on xem bóng đá trực tiếp nhà cái deduction method are provided:
- xem bóng đá trực tiếp nhà cái VAT payable using xem bóng đá trực tiếp nhà cái deduction method is equal to xem bóng đá trực tiếp nhà cái output VAT minus xem bóng đá trực tiếp nhà cái input VAT deductible;
- xem bóng đá trực tiếp nhà cái output VAT is xem bóng đá trực tiếp nhà cái total VAT of goods and services sold, as recorded on xem bóng đá trực tiếp nhà cái VAT invoice.
xem bóng đá trực tiếp nhà cái VAT of goods and services sold as recorded on xem bóng đá trực tiếp nhà cái VAT invoice is calculated by multiplying xem bóng đá trực tiếp nhà cái taxable price of taxable goods and services sold by their respective VAT rate.
In cases where xem bóng đá trực tiếp nhà cái payment price includes VAT, xem bóng đá trực tiếp nhà cái output VAT is determined by subtracting xem bóng đá trực tiếp nhà cái taxable value from xem bóng đá trực tiếp nhà cái payment price as determined pursuant to point k, Clause 1, Article 7 of xem bóng đá trực tiếp nhà cáiValue Added Tax Law 2008;
- xem bóng đá trực tiếp nhà cái deductible input VAT is xem bóng đá trực tiếp nhà cái total VAT recorded on VAT invoices for purchased goods and services, documents for VAT paid on imported goods, and meeting xem bóng đá trực tiếp nhà cái conditions stipulated in Article 12 of xem bóng đá trực tiếp nhà cáiValue Added Tax Law 2008.
What are entities liable for VAT in Vietnam?
According to Article 3 ofCircular 219/2013/TT-BTC, entities liable for VAT include organizations and individuals producing, trading goods, and providing services subject to VAT within Vietnam, irrespective of their field, form, or business organization (hereinafter referred to as business establishments), and organizations and individuals importing goods, purchasing services from abroad subject to VAT (referred to as importers), including:
- Business organizations established and registered in accordance with xem bóng đá trực tiếp nhà cáiLuật xoilac tv trực, Luật trực tiếp bóng đá, and other relevant specific business laws;
- Economic organizations affiliated with political, socio-political, social, social-professional organizations, people's armed units, professional bodies, and other organizations;
- Enterprises with foreign-invested capital and foreign parties in business cooperation under xem bóng đá trực tiếp nhà cái Investment Law; foreign organizations, individuals conducting business activities in Vietnam without establishing legal entities in Vietnam;
- Individuals, households, independent business groups, and other entities engaged in production, business, and import activities;
- Organizations and individuals conducting production or business in Vietnam and purchasing services (including cases of purchasing services associated with goods) from foreign organizations without a permanent establishment in Vietnam, or individuals outside Vietnam who are non-residents, whereby xem bóng đá trực tiếp nhà cái purchasing organization or individual is subject to tax, except cases not required to declare, calculate, and pay VAT as guided in Clause 2, Article 5 ofCircular 219/2013/TT-BTC.
Regulations concerning "permanent establishment" and "non-resident entities" are enforced as per xem bóng đá trực tiếp nhà cái laws on corporate income tax and personal income tax.
- Branches of export processing enterprises established to engage in goods trading and other activities directly related to goods trading in Vietnam, according to xem bóng đá trực tiếp nhà cái regulations of law on industrial zones, export processing zones, and economic zones.
