xem bóng đá trực tiếp vtv2Are goods subject to excise tax eligible for VAT reduction in Vietnam?
Are goods subject to excise tax eligible for VAT reduction in Vietnam?
According to the provisions of Clause 1, Article 1 ofDecree 15/2022/ND-CP:
VAT reduction
1.VAT on goods xem bóng đá trực tiếp vtv2 services currently subject to 10% VAT shall be reduced, except the following goods xem bóng đá trực tiếp vtv2 services:
a) Telecommunication, financial activities, banking activities, securities, insurance, trading of real estate, metal xem bóng đá trực tiếp vtv2 precast metal products, mining products (excluding coal mining), coke mining, refined oil, chemical products. Further details are provided in Appendix I enclosed herewith.
b) Goods xem bóng đá trực tiếp vtv2 services subject to excise tax. Further details are provided in Appendix II enclosed herewith.
c) Information technology as prescribed in the Law on information technology.Further details are provided in Appendix III enclosed herewith.
d) Reduction of VAT for each type of goods xem bóng đá trực tiếp vtv2 services specified in Clause 1 of this Article shall be applied consistently in all stages, including import, production, processing xem bóng đá trực tiếp vtv2 trading.Coal mined for sale (including coal mined xem bóng đá trực tiếp vtv2 then washed, sieved xem bóng đá trực tiếp vtv2 classified under a closed process) shall be eligible for VAT reduction.VAT on coal products in Appendix I enclosed herewith in stages other than the stage of mining xem bóng đá trực tiếp vtv2 sale shall not be reduced.
In case goods xem bóng đá trực tiếp vtv2 services in Appendixes I, II xem bóng đá trực tiếp vtv2 III enclosed herewith are not subject to VAT or are subject to 5% VAT in accordance with the Law on VAT, regulations of the Law on VAT shall prevail xem bóng đá trực tiếp vtv2 VAT on such goods xem bóng đá trực tiếp vtv2 services shall not be reduced.
Thus, according to the above provisions, goods xem bóng đá trực tiếp vtv2 services subject to excise taxarenot eligible for VAT reduction.
Are goods subject to excise tax eligible for VAT reduction in Vietnam? (Image from the Internet)
Where do household businesses in Vietnamsubmit their VAT declaration dossiers?
According to the provisions of Clause 2, Article 11 ofCircular 40/2021/TT-BTC:
Tax administration of household businesses xem bóng đá trực tiếp vtv2 individual businesses under periodic declarations
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2. Receiving authorities
Household businesses xem bóng đá trực tiếp vtv2 individual businesses paying tax under periodic declarations as prescribed in Clause 1 Article 45 of the Law on Tax Administration shall submit tax declaration dossiers to their supervisory sub-department of taxation.
3. Deadlines for submission of tax declaration dossiers
Household businesses xem bóng đá trực tiếp vtv2 individual businesses paying tax under periodic declarations shall submit tax declaration dossiers by the deadlines specified in Clause 1 Article 44 of the Law on Tax Administration. To be specific:
a) Household businesses xem bóng đá trực tiếp vtv2 individual businesses paying tax under monthly periodic declarations shall submit their tax declaration dossiers by the 20thof the month succeeding the month in which tax is incurred.
b) Household businesses xem bóng đá trực tiếp vtv2 individual businesses paying tax under quarterly periodic declarations shall submit their tax declaration dossiers by the last day of the first month of the quarter succeeding the quarter in which tax is incurred.
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Thus, household businesses submit VAT declaration dossiers to their supervisory sub-department of taxation.
Which entities are VATpayersin Vietnam?
Under Article 3 of theLaw on VAT 2008on VATpayers:
Taxable objects
Goods xem bóng đá trực tiếp vtv2 services used for production, trading or consumption in Vietnam are subject to value-added tax, except those specified in Article 5 of this Law.
Thus, goods xem bóng đá trực tiếp vtv2 services used for production, trading or consumption in Vietnam are subject to value-added tax (including goods xem bóng đá trực tiếp vtv2 services purchased from organizations xem bóng đá trực tiếp vtv2 individuals abroad), except for the non-taxable objects as follows:
- Cultivation xem bóng đá trực tiếp vtv2 husbandry products, xem bóng đá trực tiếp vtv2 reared xem bóng đá trực tiếp vtv2 fished aquatic products which have not yet been processed into other products or have been just preliminarily processed xem bóng đá trực tiếp vtv2 sold by producing xem bóng đá trực tiếp vtv2 fishing organizations xem bóng đá trực tiếp vtv2 individuals, xem bóng đá trực tiếp vtv2 products at the stage of importation.
- Products which are animal breeds xem bóng đá trực tiếp vtv2 plant varieties, including breeding eggs, breeding animals, seedlings, seeds, sperms, embryos xem bóng đá trực tiếp vtv2 genetic materials.
- Irrigation xem bóng đá trực tiếp vtv2 drainage; soil ploughing xem bóng đá trực tiếp vtv2 harrowing; dredging of intra-field canals xem bóng đá trực tiếp vtv2 ditches for agricultural production; services of harvesting farm produce.
- Salt products made of seawater, natural rock salt, refined salt xem bóng đá trực tiếp vtv2 iodized salt.
- State-owned residential houses sold by the State to current tenants.
- Transfer of land use rights;
- Life insurance, student insurance, insurance on domestic animals, insurance on plants xem bóng đá trực tiếp vtv2 reinsurance.
- Credit provision services; securities trading; capital transfer; derivative financial services, including interest-rate swap contracts, forward contracts, futures contracts, call or put options, foreign currency sales, xem bóng đá trực tiếp vtv2 other derivative financial services as prescribed by law.
- Healthcare xem bóng đá trực tiếp vtv2 animal health services, including medical examination xem bóng đá trực tiếp vtv2 treatment xem bóng đá trực tiếp vtv2 preventive services for humans xem bóng đá trực tiếp vtv2 domestic animals.
- Public post xem bóng đá trực tiếp vtv2 telecommunications xem bóng đá trực tiếp vtv2 universal Internet services under the Governments programs.
- Public services on sanitation xem bóng đá trực tiếp vtv2 water drainage in streets xem bóng đá trực tiếp vtv2 residential areas; maintenance of zoos, flower gardens, parks, street greeneries xem bóng đá trực tiếp vtv2 public lighting; funeral services;
- Renovation, repair xem bóng đá trực tiếp vtv2 construction of cultural, artistic, public service xem bóng đá trực tiếp vtv2 infrastructure works xem bóng đá trực tiếp vtv2 residential houses for social policy beneficiaries, which are funded with peoples contributions or humanitarian aid.
- Teaching xem bóng đá trực tiếp vtv2 vocational training as provided for by law.
- State budget-funded radio xem bóng đá trực tiếp vtv2 television broadcasting.
- Publication, import xem bóng đá trực tiếp vtv2 distribution of newspapers, journals, specialized bulletins, political books, textbooks, teaching materials, law books, scientific-technical books, books printed in ethnic minority languages as well as propaganda postcards, pictures xem bóng đá trực tiếp vtv2 posters, including those in the form of audio or visual tapes or discs or electronic data; money printing.
- Mass transit by bus xem bóng đá trực tiếp vtv2 tramcar.
- Machinery, equipment xem bóng đá trực tiếp vtv2 supplies which cannot be manufactured at home xem bóng đá trực tiếp vtv2 need to be imported for direct use in scientific research xem bóng đá trực tiếp vtv2 technological development activities; machinery, equipment, spare parts, special-purpose means of transport xem bóng đá trực tiếp vtv2 supplies which cannot be manufactured at home xem bóng đá trực tiếp vtv2 need to be imported for prospecting, exploring xem bóng đá trực tiếp vtv2 developing oil xem bóng đá trực tiếp vtv2 gas fields; aircraft, drilling platforms xem bóng đá trực tiếp vtv2 ships which cannot be manufactured at home xem bóng đá trực tiếp vtv2 need to be imported for the formation of enterprises fixed assets or which are hired from foreign parties for production xem bóng đá trực tiếp vtv2 business activities or for lease.
- Special-purpose weapons xem bóng đá trực tiếp vtv2 military equipment for security xem bóng đá trực tiếp vtv2 defense purposes.
- Goods imported as humanitarian aid or non-refundable aid; gifts for state agencies, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-professional organizations or peoples armed forces units; donations or gifts for Vietnam-based individuals within the Government-prescribed quotas; belongings of foreign organizations xem bóng đá trực tiếp vtv2 individuals within diplomatic immunity quotas; xem bóng đá trực tiếp vtv2 personal effects within duty-free luggage quotas.
Goods xem bóng đá trực tiếp vtv2 services sold to foreign organizations or individuals or international organizations for use as humanitarian aid, xem bóng đá trực tiếp vtv2 non-refundable aid to Vietnam.
- Goods transferred out of border gate or transited via the Vietnamese territory; goods temporarily imported for re-export; goods temporarily exported for re-import; raw materials imported for the production or processing of goods for export under contracts signed with foreign parties; goods xem bóng đá trực tiếp vtv2 services traded between foreign countries xem bóng đá trực tiếp vtv2 non-tariff areas xem bóng đá trực tiếp vtv2 between non-tariff areas.
- Technology transfer under the Law on Technology Transfer; transfer of intellectual property rights under the Law on Intellectual Property; computer software.
- Gold imported in the form of bars or ingots which have not yet been processed into fine-art articles, jewelries or other products.
- Exported products which are unprocessed mined resources or minerals as prescribed by the Government.
- Artificial products used for the substitution of diseased peoples organs; crutches, wheelchairs xem bóng đá trực tiếp vtv2 other tools used exclusively for the disabled.
- Goods xem bóng đá trực tiếp vtv2 services of business individuals who have a monthly income lower than the common minimum salary level applicable to domestic organizations xem bóng đá trực tiếp vtv2 enterprises.
Establishments trading in non-taxable goods or services specified in Article 5,Law on VAT 2008are not entitled to input value-added tax credit or refund, except the cases subject to the tax rate of 0% specified in Clause 1, Article 8 oftheLaw on VAT 2008.
