Are sales on TikTok subject to personal income xem bóng đá trực tiếp nhà cái in Vietnam? What are the bases for calculating personal income xem bóng đá trực tiếp nhà cái for individual businesses in Vietnam?
Are sales on TikTok subject to personal income xem bóng đá trực tiếp nhà cái in Vietnam?
Based on Article 2 of theLaw on Personal Income xem bóng đá trực tiếp nhà cái 2007, the regulations regarding subjects liable to personal income xem bóng đá trực tiếp nhà cái are as follows:
Taxpayers
- Taxpayers are resident individuals who have taxable income generated within and outside the territory of Vietnam as stipulated in Article 3 of this Law, and non-resident individuals who have taxable income generated within the territory of Vietnam as stipulated in Article 3 of this Law.
- Resident individuals are those who meet one of the following conditions:
a) Being present in Vietnam for 183 days or more in a calendar year or in 12 consecutive months from the first day of presence in Vietnam;
b) Having a permanent residence in Vietnam, including a registered permanent residence or a leased house for living in Vietnam according to a term-based lease agreement.
- Non-resident individuals are those who do not meet the conditions stipulated in clause 2 of this Article.
Based on clause 1, Article 1 of theLaw on Personal Income xem bóng đá trực tiếp nhà cái 2007, as amended by Clause 1, Article 2 of theLaw Amending xem bóng đá trực tiếp nhà cái Laws 2014, income subject to personal income xem bóng đá trực tiếp nhà cái is defined as:
Income Subject to xem bóng đá trực tiếp nhà cái
Income subject to personal income xem bóng đá trực tiếp nhà cái includes the following types of income, except for xem bóng đá trực tiếp nhà cái-exempt income stipulated in Article 4 of this Law:
- Income from business activities, including:
a) Income from the production and business activities of goods and services;
b) Income from the practice of independent professions of individuals with a permit or certificate of practice in accordance with the law.
Income from business activities stipulated in this clause does not include income of individual businesses with revenue of 100 million VND/year or less.
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Additionally, Clause 2, Article 4 ofCircular 40/2021/TT-BTCstates as follows:
xem bóng đá trực tiếp nhà cái Calculation Principles
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- Business households and individuals with annual revenue from production and business activities of 100 million VND or less are not subject to VAT and personal income xem bóng đá trực tiếp nhà cái in accordance with the law on VAT and personal income xem bóng đá trực tiếp nhà cái. Business households and individuals are responsible for accurately, honestly, and fully declaring taxes and submitting xem bóng đá trực tiếp nhà cái records on time; they bear the responsibility before the law for the accuracy, honesty, and fullness of the xem bóng đá trực tiếp nhà cái records as stipulated.
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According to the above provisions, income from sales activities on TikTok is taxable as personal income. If an individual selling on TikTok has annual revenue exceeding 100 million VND, they must pay personal income xem bóng đá trực tiếp nhà cái. However, if the annual revenue is 100 million VND or less, they are not required to pay personal income xem bóng đá trực tiếp nhà cái.
Are sales on TikTok subject to personal income xem bóng đá trực tiếp nhà cái in Vietnam?(Image from the Internet)
What are the bases for calculating personal income xem bóng đá trực tiếp nhà cái for individual businesses in Vietnam?
According to Article 10 ofCircular 40/2021/TT-BTC, the basis for calculating personal income xem bóng đá trực tiếp nhà cái for individual businesses are taxable revenue and the xem bóng đá trực tiếp nhà cái rate applied on revenue.
- Taxable Revenue
Taxable revenue for personal income xem bóng đá trực tiếp nhà cái for individual businesses includes revenue with xem bóng đá trực tiếp nhà cái (if subject to xem bóng đá trực tiếp nhà cái) from all sales, manufacturing, commissions, service offerings arising during the xem bóng đá trực tiếp nhà cái period from production, business activities, including bonuses, support for achieving sales targets, promotions, trade discounts, payment discounts, monetary or non-monetary support; subsidies, surcharge, extraordinary income, additional fees entitled to receive as per the regulations; contract violation compensations, other compensations; other income that the business individual receives regardless of whether the money has been collected or not.
- xem bóng đá trực tiếp nhà cái Rate on Revenue
+ xem bóng đá trực tiếp nhà cái rate on revenue, personal income xem bóng đá trực tiếp nhà cái rate applicable specifically to each domain, sector as guided in Appendix 1 attached toCircular 40/2021/TT-BTC.
+ In case a business individual operates in multiple fields, sectors, the individual must declare and calculate xem bóng đá trực tiếp nhà cái based on the xem bóng đá trực tiếp nhà cái rate on revenue applicable to each field, sector.
In cases where a business individual cannot determine the taxable revenue of each field, sector or determines it inaccurately compared to the actual business, the xem bóng đá trực tiếp nhà cái office will determine the taxable revenue of each field, sector according to legal provisions on xem bóng đá trực tiếp nhà cái management.
- Determining xem bóng đá trực tiếp nhà cái Payable
xem bóng đá trực tiếp nhà cái Payable = Taxable Revenue x Personal Income xem bóng đá trực tiếp nhà cái Rate
Where:
- Taxable Revenue is as guided in Clause 1, Article 10 ofCircular 40/2021/TT-BTC.
- Personal Income xem bóng đá trực tiếp nhà cái Rate is as guided in Appendix 1 issued withCircular 40/2021/TT-BTC.
What are regulations onpersonal income xem bóng đá trực tiếp nhà cái calculation for individual businessespaying xem bóng đá trực tiếp nhà cái separately in Vietnam?
According to Article 6 ofCircular 40/2021/TT-BTC, the method for calculating personal income xem bóng đá trực tiếp nhà cái for individual businesses paying xem bóng đá trực tiếp nhà cái separately is regulated as follows:
- The method of xem bóng đá trực tiếp nhà cái declaration separately applies to individual businesses who do not operate regularly and do not have a fixed business location.
Non-regular business activities are determined based on the characteristics of production and business activities of each field, sector, and as determined by individuals for opting xem bóng đá trực tiếp nhà cái declaration method according to the guidance inThông tư 40/2021/TT-BTC.
Fixed business location is where individuals engage in production, business activities such as transaction venues, shops, workshops, warehouses, or similar locations.
- individual businesses paying xem bóng đá trực tiếp nhà cái separately include:
+ Mobile individual businesses;
+ Individuals who are private construction contractors;
+ Individuals transferring the ".vn" internet domain name;
+ Individuals with income from digital information content products and services if not opting to pay xem bóng đá trực tiếp nhà cái by declaration method.
- individual businesses paying xem bóng đá trực tiếp nhà cái separately are not required to implement accounting policies, but must retain invoices, records, contracts, documents proving legality of goods, services, and present them along with xem bóng đá trực tiếp nhà cái declaration records separately.
- individual businesses paying xem bóng đá trực tiếp nhà cái separately conduct xem bóng đá trực tiếp nhà cái declaration upon arising taxable revenue.
