Does đá bóng trực tiếp method for calculating tax under separate declarations apply to regular individual businesses in Vietnam?
What is đá bóng trực tiếp method for calculating tax under separate declarations in Vietnam?
Pursuant to Clause 5 Article 3 ofCircular 40/2021/TT-BTC, đá bóng trực tiếp regulation states as follows:
Definition of Terms
In addition to đá bóng trực tiếp terms already explained in đá bóng trực tiếp Law on Tax Administration, tax laws, and related regulations, several other terms in this Circular are understood as follows:
1. “Household business” refers to businesses or production facilities established by an individual or family members, responsible for their business operations using their entire assets as stipulated in Article 79 Decree No. 01/2021/ND-CP dated January 04, 2021, of đá bóng trực tiếp Government of Vietnam on business registration and guiding documents or amendments, supplements, or replacements (if any). If family members register a household business, one member is authorized as đá bóng trực tiếp representative of đá bóng trực tiếp household business. đá bóng trực tiếp individual who registers đá bóng trực tiếp household business or đá bóng trực tiếp authorized representative is đá bóng trực tiếp head of đá bóng trực tiếp household business. Families engaging in agriculture, forestry, fishery, salt production, or those running street vendors, snacks, itinerant commerce, seasonal business, or providing low-income services are not required to register as household businesses, except when dealing in regulated investment and business sectors, with low-income thresholds set by đá bóng trực tiếp provincial or municipal People’s Committee.
2. “Large-scale household business or individual business” refers to businesses or individuals whose revenue or workforce meets đá bóng trực tiếp highest criteria set for small and micro enterprises. Specifically: household businesses or individual businesses in agriculture, forestry, fishery and in industry, construction with an annual average workforce participating in social insurance from 10 people upwards or annual revenue of đá bóng trực tiếp preceding year from 3 billion VND upwards; businesses or individuals in commerce, services with an annual average workforce participating in social insurance from 10 people upwards or annual revenue of đá bóng trực tiếp preceding year from 10 billion VND upwards.
3. “Declaration method” is đá bóng trực tiếp tax declaration and calculation method by a percentage on đá bóng trực tiếp actual revenue arising monthly or quarterly.
4. “Large-scale household business or individual business declaring tax using đá bóng trực tiếp declaration method” refers to large-scale household businesses, individual businesses; businesses that do not meet large scale yet choose to pay tax using đá bóng trực tiếp declaration method.
5. “Method for calculating tax under separate declarations” is đá bóng trực tiếp method of tax declaration and tax calculation by a percentage on đá bóng trực tiếp actual revenue each occurrence.
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Therefore, đá bóng trực tiếp method for calculating tax under separate declarations is đá bóng trực tiếp method of tax declaration and tax calculation by a percentage on đá bóng trực tiếp actual revenue each occurrence.
Does đá bóng trực tiếp method for calculating tax under separate declarations apply to regular individual businesses in Vietnam? (Image from Internet)
Does đá bóng trực tiếp method for calculating tax under separate declarations apply to regular individual businesses in Vietnam?
According to Clause 1 Article 6 ofCircular 40/2021/TT-BTC, đá bóng trực tiếp regulation is as follows:
Tax calculation method for individual businesses paying tax under separate declarations
1. đá bóng trực tiếp method for calculating tax under separate declarations applies to individual businesses that are not regular and do not have a fixed business location. Non-regular business is determined based on đá bóng trực tiếp specific characteristics of production and business activities of each field, industry and is self-identified by đá bóng trực tiếp individual to choose đá bóng trực tiếp tax declaration method according to đá bóng trực tiếp guidance of this Circular. A fixed business location is a place where an individual conducts production, business activities such as a trading location, store, workshop, warehouse, dock, yard, or similar place.
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đá bóng trực tiếp method for calculating tax under separate declarations applies to individual businesses that are not regular and do not have a fixed business location.
Which individual businesses pay tax under separate declarations in Vietnam?
According to Clause 2 Article 6 ofCircular 40/2021/TT-BTC, đá bóng trực tiếp regulation is as follows:
Tax calculation method for individual businesses paying tax under separate declarations
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2. Individual businesses paying tax under separate declarations include:
a) Itinerant individual businesses;
b) Individuals as private construction contractors;
c) Individuals transferring đá bóng trực tiếp Vietnamese national internet domain name “.vn”;
d) Individuals having income from digital information content products and services if they do not choose to pay tax by đá bóng trực tiếp declaration method.
3. Individual businesses paying tax under separate declarations are not required to implement accounting policies, but must retain invoices, vouchers, contracts, and documents proving legal goods and services and submit them along with đá bóng trực tiếp tax declaration dossier for each occurrence.
4. Individual businesses paying tax under separate declarations shall declare tax when taxable revenue arises.
Individual businesses paying tax under separate declarations include:
- Itinerant individual businesses;
- Individuals as private construction contractors;
- Individuals transferring đá bóng trực tiếp Vietnamese national internet domain name “.vn”;
- Individuals having income from digital information content products and services if they do not choose to pay tax by đá bóng trực tiếp declaration method.
