Are there lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024 of Vietnam?
Are there lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024 of Vietnam?
lịch trực tiếp bóng đá hôm nay Law on Value Added Tax 2024 was officially ratified by lịch trực tiếp bóng đá hôm nay National Assembly on lịch trực tiếp bóng đá hôm nay afternoon of November 26, 2024.
Currently, there is no official announcement decree for lịch trực tiếp bóng đá hôm nay Law on Value Added Tax 2024. As lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT has just been passed, there is still no official legal document.
However, lịch trực tiếp bóng đá hôm nay latest Draft Law on Amended Value Added Tax 2024 can be referenced...Downloadto learn more about lịch trực tiếp bóng đá hôm nay new policies and updates regarding lịch trực tiếp bóng đá hôm nay Law on Amendments to Law on VAT 2024.
Are there lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024 of Vietnam?(Image from Internet)
What are lịch trực tiếp bóng đá hôm nay new regulations of lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024 in Vietnam?
lịch trực tiếp bóng đá hôm nay new points of lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024 are aggregated based on lịch trực tiếp bóng đá hôm nay Draft Law on Value Added Tax 2024 as follows:
(1) Adjusting Items Not Subject to VAT
Article 5 of lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024 adjusts lịch trực tiếp bóng đá hôm nay regulations on items not subject to VAT as per Article 5 of lịch trực tiếp bóng đá hôm nayLaw on Value Added Tax 2008(amended byLaw No. 31/2013/QH13andLaw No. 106/2016/QH13) as follows:
- Removing certain items from lịch trực tiếp bóng đá hôm nay non-VAT applicable list
Certain items currently not subject to VAT will be removed, including:
Fertilizer; specialized machinery and equipment for agricultural production; offshore fishing vessels;
Securities depository; services organizing lịch trực tiếp bóng đá hôm nay market of stock exchanges or securities trading centers; other securities trading activities...
- Export products being processed from resources, minerals must comply with lịch trực tiếp bóng đá hôm nay List prescribed by lịch trực tiếp bóng đá hôm nay Government of Vietnam for VAT applications.
Previously, export products processed from resources and minerals with a total value of resources, minerals combined with energy costs accounting for 51% of lịch trực tiếp bóng đá hôm nay product's cost or more were eligible for non-VAT status.
- Adding imported goods donated or sponsored for disaster prevention, disease, war as determined by lịch trực tiếp bóng đá hôm nay Government of Vietnam as non-VAT applicable.
(2) Amending Tax Calculation Rules for Imported Goods
Currently, Article 7 of lịch trực tiếp bóng đá hôm nayLaw on Value Added Tax 2008stipulates that lịch trực tiếp bóng đá hôm nay taxable price for imported goods is lịch trực tiếp bóng đá hôm nay import price at lịch trực tiếp bóng đá hôm nay border plus import tax (if any), plus special consumption tax (if any) and environmental protection tax (if any). lịch trực tiếp bóng đá hôm nay import price at lịch trực tiếp bóng đá hôm nay border is determined by lịch trực tiếp bóng đá hôm nay rules for calculating tax on imported goods.
According to Article 7 of lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024, lịch trực tiếp bóng đá hôm nay taxable value for imported goods is lịch trực tiếp bóng đá hôm nay customs value, as per lịch trực tiếp bóng đá hôm nay rules on export and import taxes plus import tax, and any additional import-related taxes (if any), plus special consumption tax (if any) and environmental protection tax (if any).
(3) Adding Tax Calculation for Promotional Goods and Services
Article 7 of lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024 adds a provision: lịch trực tiếp bóng đá hôm nay taxable value for promotional goods and services as per commercial law is zero.
(4) Adjusting Tax Rates for Certain Goods and Services
Article 9 of lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024 adjusts lịch trực tiếp bóng đá hôm nay tax rates for certain goods and services as follows:
1. Adding Some Subjects for 0% Tax Rate
- International transportation;
- Construction and installation projects abroad, in free trade areas;
- Goods sold in lịch trực tiếp bóng đá hôm nay restricted area to individuals (foreigners or Vietnamese) who have completed exit procedures; goods sold in duty-free shops;
- Export services provided to overseas organizations, individuals, including transportation rental services used outside lịch trực tiếp bóng đá hôm nay territory of Vietnam; aviation and maritime services supplied directly to international transportation or through an agent.
2. Products Not Subject to VAT Changed to 5%
- Fertilizer;
- Offshore fishing vessels;
- Various agricultural vehicles and machinery for plowing, harrowing, plowing fields, planting seeds, etc.;
- Harvesting machines for rice, corn, sugarcane, coffee, cotton, roots and tubers, and more;
- Machinery for post-harvest processing, agricultural drying, etc., as specified by lịch trực tiếp bóng đá hôm nay Government of Vietnam.
3 Products Subject to 5% VAT Changed to 10%
- Unprocessed forestry products;
- Sugar and by-products in sugar production, including molasses, bagasse, mud sludge;
- Specialized teaching, research, experiment equipment, and tools;
- Cultural, exhibition, physical education, sports activities; performing arts; film production, import, and screening.
(5) Changing Conditions for Deducting Input VAT
1. Purchases of Goods and Services Below 20 Million Dong Must Have Non-Cash Payment Evidence
Previously, for purchases of goods and services below 20 million Dong, there was no need for non-cash payment evidence to deduct VAT as per clause 2 Article 12 of lịch trực tiếp bóng đá hôm nayLaw on Value Added Tax 2008.
However, according to clause 2 Article 13 of lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024, all purchases of goods and services must have non-cash payment evidence, except in special cases specified by lịch trực tiếp bóng đá hôm nay Government of Vietnam.
2. Adding Some Documentation Eligible for Input VAT Deduction
According to clause 2 Article 13 of lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024, export goods and services related documents such as packing lists, bills of lading, and insurance certificates (if any) are eligible for input VAT deduction, except in special cases prescribed by lịch trực tiếp bóng đá hôm nay Government of Vietnam.
This content was not previously regulated.
(6) Adding New Tax Refund Scenarios
Article 14 of lịch trực tiếp bóng đá hôm nay Draft Law on Amendments to Law on VAT 2024 adds lịch trực tiếp bóng đá hôm nay following scenarios eligible for tax refund:
Business establishments only producing goods, providing services that are subject to a 5% VAT rate, if they have undeducted input VAT from 300 million Dong or more after 12 months or 4 quarters, they will be eligible for VAT refund.
See lịch trực tiếp bóng đá hôm nay latest Draft Law on Amendments to Law on VAT 2024...Download
Who are VAT payers in Vietnam under current regulations?
Based on Article 3 ofCircular 219/2013/TT-BTC, taxpayers include organizations and individuals producing and trading in VAT-liable goods and services in Vietnam, regardless of business sector, business form (hereinafter referred to as business establishments), as well as organizations and individuals importing goods, purchasing services from abroad subject to VAT (hereinafter referred to as importers) including:
- Business organizations established and registered under lịch trực tiếp bóng đá hôm nayLuật xoilac tv trực, Luật trực tiếp bóng đáand other specialized business laws;
- Economic organizations of political entities, socio-political organizations, social organizations, socio-professional organizations, people's armed forces units, non-business organizations, and other organizations;
- Foreign-invested enterprises and foreign parties involved in business cooperation contracts as per lịch trực tiếp bóng đá hôm nay Investment Law; organizations, foreign individuals doing business in Vietnam without establishing a legal entity in Vietnam;
- Individuals, households, independent groups of business individuals, and other eligible entities producing, trading, importing;
- Organizations and individuals in Vietnam purchasing services (including purchasing services associated with goods) from overseas organizations not habitually residing in Vietnam, foreign individuals residing abroad, being non-resident individuals in Vietnam, lịch trực tiếp bóng đá hôm nay entity purchasing lịch trực tiếp bóng đá hôm nay service is lịch trực tiếp bóng đá hôm nay taxpayer, except in cases where declaration, calculation, and VAT payment are not required as guided in clause 2 Article 5 ofCircular 219/2013/TT-BTC.
Regulations on habitual establishment and non-resident entities follow lịch trực tiếp bóng đá hôm nay laws on corporate income tax and personal income tax.
- Branches of export processing enterprises established to conduct trading and related activities in Vietnam under lịch trực tiếp bóng đá hôm nay laws on industrial parks, export processing zones, and economic zones.
