Are weapons bóng đá hôm nay trực tiếp equipment used for national defense bóng đá hôm nay trực tiếp security subject to VAT in Vietnam?
Are weapons bóng đá hôm nay trực tiếp equipment used for national defense bóng đá hôm nay trực tiếp security subject to VATin Vietnam?
Based on Clause 18, Article 5 of theLaw on Value Added Tax 2008, supplemented by Clause 1, Article 3 of theLaw Amending bóng đá hôm nay trực tiếp Supplementing a Number of Articles of Laws on Taxes 2014, bóng đá hôm nay trực tiếp amended by Clause 1, Article 1 of theAmended Law on Value Added Tax 2013, which specifies regulations on weapons bóng đá hôm nay trực tiếp equipment used specifically for national defense bóng đá hôm nay trực tiếp security as follows:
...
- Machinery, equipment, spare parts, bóng đá hôm nay trực tiếp materials of a kind not yet produced domestically bóng đá hôm nay trực tiếp required to be imported for direct use in scientific research bóng đá hôm nay trực tiếp technological development; machinery, equipment, spare parts, specialized means of transportation, bóng đá hôm nay trực tiếp materials of a kind not yet produced domestically bóng đá hôm nay trực tiếp required to be imported for the exploration, exploitation, bóng đá hôm nay trực tiếp development of oil bóng đá hôm nay trực tiếp gas fields; aircraft, drilling rigs, bóng đá hôm nay trực tiếp ships of a kind not yet produced domestically bóng đá hôm nay trực tiếp required to be imported for creating fixed assets of enterprises or rented from abroad for use in production, business, leasing, bóng đá hôm nay trực tiếp sub-leasing.
- Weapons bóng đá hôm nay trực tiếp specialized equipment used for national defense bóng đá hôm nay trực tiếp security.
...
Thus, according to the above regulation, weapons bóng đá hôm nay trực tiếp equipment used for national defense bóng đá hôm nay trực tiếp security are not subject to VAT.
Are weapons bóng đá hôm nay trực tiếp equipment used for national defense bóng đá hôm nay trực tiếp security subject to VAT in Vietnam? (Image from the Internet)
Which entity is the taxpayer for VAT in Vietnam?
According to Article 4 of theLaw on Value Added Tax 2008, the regulation on taxpayers is specified as follows:
The taxpayer for value added tax is an organization or individual that produces, trades goods, or provides services subject to value added tax (hereinafter referred to as a business establishment) bóng đá hôm nay trực tiếp an organization or individual that imports goods subject to value added tax (hereinafter referred to as an importer).
How is the taxable value determined in Vietnam?
According to Article 7 of theLaw on Value Added Tax 2008, amended by Clause 2, Article 1 of theAmended Law on Value Added Tax 2013bóng đá hôm nay trực tiếp the regulation on exchange rates when determining taxable values repealed by Point c, Clause 2, Article 6 of theLaw Amending bóng đá hôm nay trực tiếp Supplementing a Number of Articles of Laws on Taxes 2014specifies the determination of taxable values as follows:
- For goods bóng đá hôm nay trực tiếp services sold out by a production or business establishment, the sales price excluding VAT; for goods bóng đá hôm nay trực tiếp services subject to special consumption tax, the sales price includes special consumption tax but excludes VAT; for goods subject to environmental protection tax, the sales price includes environmental protection tax but excludes VAT; for goods subject to both special consumption tax bóng đá hôm nay trực tiếp environmental protection tax, the sales price includes both taxes, but excludes VAT;
- For imported goods, it is the import price at the port plus import tax (if any), plus special consumption tax (if any), bóng đá hôm nay trực tiếp plus environmental protection tax (if any). The import price at the port is determined according to the regulations on taxable prices for imported goods;
- For goods bóng đá hôm nay trực tiếp services used for exchange, internal consumption, bóng đá hôm nay trực tiếp gifts, the taxable value for VAT is the value of similar or equivalent goods bóng đá hôm nay trực tiếp services at the time these activities arise;
- For asset leasing activities, it is the rental price excluding VAT.
- In the case of renting in the form of periodic rental payment or prepayment for the rental term, the taxable value is the rental amount paid for each period or prepayment for the rental term excluding VAT;
- In the case of renting machinery, equipment, bóng đá hôm nay trực tiếp means of transportation from abroad of a kind not yet produced domestically for re-lease, the taxable value is deducted from the rental paid to the foreign party.
- For goods sold under installment or deferred payment, it is determined by the one-time payment sales price excluding VAT, excluding interest on installment or deferred payment;
- For processing goods, it is the processing price excluding VAT;
- For construction bóng đá hôm nay trực tiếp installation activities, it is the value of the project, project item, or part delivered excluding VAT. In the case of construction bóng đá hôm nay trực tiếp installation without raw materials, machinery, bóng đá hôm nay trực tiếp equipment, the taxable value does not include the value of these raw materials bóng đá hôm nay trực tiếp machinery, bóng đá hôm nay trực tiếp equipment;
- For real estate business activities, it is the real estate sale price excluding VAT, minus the land use right transfer price or land rent payable to the state budget;
- For brokerage bóng đá hôm nay trực tiếp agency buying bóng đá hôm nay trực tiếp selling goods bóng đá hôm nay trực tiếp services earning commissions, it is the commission earned from these activities excluding VAT;
- For goods bóng đá hôm nay trực tiếp services using payment invoices indicating payment prices as including VAT, the taxable value is determined by the following formula:
VAT-exclusive price = Payment price / (1 + VAT rate of goods bóng đá hôm nay trực tiếp services (%))
- The taxable value for goods bóng đá hôm nay trực tiếp services specified in Clause 1, Article 7 includes surcharges bóng đá hôm nay trực tiếp additional fees received by the business establishment.
