From January 1, 2026, will goods in national reserves sold by trực tiếp bóng đá hôm nay national reserve agency be subject to value-added tax in Vietnam?
From January 1, 2026, will goods in national reserves sold by trực tiếp bóng đá hôm nay national reserve agency be subject to value-added tax in Vietnam?
Based on Clause 25, Article 5 of trực tiếp bóng đá hôm nayValue-Added Tax Law 2024(effective from July 1, 2025), which stipulates exemptions from trực tiếp bóng đá hôm nay tax as follows:
Non-taxable goods and services
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- Export products which are resources, minerals extracted without being processed into other products and export products which are resources, minerals extracted and processed into other products according to trực tiếp bóng đá hôm nay List prescribed by trực tiếp bóng đá hôm nay Government of Vietnam in line with trực tiếp bóng đá hôm nay state’s orientation on discouraging and restricting trực tiếp bóng đá hôm nay export of raw resources and minerals.
- Artificial products used to replace parts of trực tiếp bóng đá hôm nay human body, including products as long-term implants in trực tiếp bóng đá hôm nay human body; crutches, wheelchairs, and other specialized tools for trực tiếp bóng đá hôm nay disabled.
- Goods and services of households, individual production, and business units with an annual revenue of 200 million dong or less; assets of organizations, individuals not engaged in business, not tax payers of value-added tax selling;goods in national reserves sold by trực tiếp bóng đá hôm nay national reserve agency; fees and charges collected in accordance with trực tiếp bóng đá hôm nay law on fees and charges.
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Additionally, Article 18 of trực tiếp bóng đá hôm nayValue-Added Tax Law 2024stipulates as follows:
Enforcement
- This law shall take effect from July 1, 2025, except as prescribed in Clause 2 of this Article.
2. trực tiếp bóng đá hôm nay provision on trực tiếp bóng đá hôm nay revenue level of households, individuals engaged in production and business activities not subject to tax under Clause 25 Article 5 of this Law and Article 17 of this Law shall take effect from January 1, 2026.
- trực tiếp bóng đá hôm nay Value-Added Tax Law No. 13/2008/QH12 which has been amended and supplemented by Law No. 31/2013/QH13, Law No. 71/2014/QH13 and Law No. 106/2016/QH13 shall cease to have effect from trực tiếp bóng đá hôm nay effective date of this Law.
Based on trực tiếp bóng đá hôm nay two aforementioned provisions, it can be concluded that from January 1, 2026, goods in national reserves sold by trực tiếp bóng đá hôm nay national reserve agency will be exempt from value-added tax.
From January 1, 2026, will goods in national reserves sold by trực tiếp bóng đá hôm nay national reserve agency be subject to value-added tax in Vietnam?(Image from Internet)
What is trực tiếp bóng đá hôm nay taxable pricein Vietnam from July 1, 2025?
According to Clause 1, Article 7 of trực tiếp bóng đá hôm nayValue-Added Tax Law 2024(effective from July 1, 2025), trực tiếp bóng đá hôm nay taxable price is determined as follows:
- For goods and services sold by business entities, trực tiếp bóng đá hôm nay tax base is trực tiếp bóng đá hôm nay selling price exclusive of value-added tax; for goods and services subject to special consumption tax, trực tiếp bóng đá hôm nay base is trực tiếp bóng đá hôm nay selling price inclusive of special consumption tax but exclusive of value-added tax; for goods subject to environmental protection tax, trực tiếp bóng đá hôm nay base is trực tiếp bóng đá hôm nay selling price inclusive of environmental protection tax but exclusive of value-added tax; for goods subject to both special consumption tax and environmental protection tax, trực tiếp bóng đá hôm nay base is trực tiếp bóng đá hôm nay selling price inclusive of these taxes but exclusive of value-added tax;
- For imported goods, it is trực tiếp bóng đá hôm nay dutiable value for import duties as prescribed by trực tiếp bóng đá hôm nay law on export and import taxes plus import duties and any additional import taxes as prescribed (if any), plus special consumption taxes (if any) and environmental protection taxes (if any);
- For exchanged, internally consumed, gifted, or donated goods and services, trực tiếp bóng đá hôm nay tax base is trực tiếp bóng đá hôm nay value of similar goods and services at trực tiếp bóng đá hôm nay time these activities arise.
For promotional goods and services in accordance with commercial law, trực tiếp bóng đá hôm nay tax base is zero (0);
- For leasing activities, trực tiếp bóng đá hôm nay tax base is trực tiếp bóng đá hôm nay rental amount excluding value-added tax.
In cases where rent is paid on a periodic basis or prepaid for a leasing period, trực tiếp bóng đá hôm nay tax base is trực tiếp bóng đá hôm nay rental amount for each period or trực tiếp bóng đá hôm nay prepaid rental amount excluding value-added tax;
- For goods sold on installment or deferred payment, trực tiếp bóng đá hôm nay tax base shall be trực tiếp bóng đá hôm nay selling price on a one-time payment basis excluding value-added tax of such goods, not including installment or deferred interest;
- For processing of goods, trực tiếp bóng đá hôm nay tax base is trực tiếp bóng đá hôm nay processing fee excluding value-added tax;
- For construction and installation activities, it is trực tiếp bóng đá hôm nay value of handed-over works or work items performed excluding value-added tax. In case of construction and installation without input materials, machinery, equipment, trực tiếp bóng đá hôm nay tax base is trực tiếp bóng đá hôm nay construction and installation value excluding trực tiếp bóng đá hôm nay value of materials, machinery, and equipment;
- For real estate business activities, it is trực tiếp bóng đá hôm nay real estate selling price excluding value-added tax, deducting land levy or land rent paid into trực tiếp bóng đá hôm nay state budget (deductible land price). trực tiếp bóng đá hôm nay Government of Vietnam prescribes trực tiếp bóng đá hôm nay determination of this deductible land price in accordance with trực tiếp bóng đá hôm nay law on land;
- For agency and brokerage activities in goods and services trading enjoying commission, it is trực tiếp bóng đá hôm nay commission amount obtained from these activities excluding value-added tax;
- For goods and services using invoices stating that trực tiếp bóng đá hôm nay payable amount includes value-added tax, trực tiếp bóng đá hôm nay tax base is determined according to trực tiếp bóng đá hôm nay following formula:
Price excluding value-added tax = Payment amount / (1 + tax rate of goods, services (%))
- For casino, reward-based electronic gaming, and betting services, it is trực tiếp bóng đá hôm nay amount of money collected from these activities subtracting trực tiếp bóng đá hôm nay returnable balance and trực tiếp bóng đá hôm nay prize payouts (if any), inclusive of special consumption tax, exclusive of value-added tax;
- For production, business activities including electricity production of Vietnam Electricity Group; transportation, loading, unloading; tourism services according to package tours; pawn services; value-added tax applicable books sold at release price (cover price); printing activities; agency services for inspection, indemnity settlement, third-party indemnity claim, indemnity processing at 100% enjoy wages or commission, trực tiếp bóng đá hôm nay tax base is trực tiếp bóng đá hôm nay sale price excluding value-added tax. trực tiếp bóng đá hôm nay Government of Vietnam regulates trực tiếp bóng đá hôm nay tax base for trực tiếp bóng đá hôm nay production and business activities specified in this point.
Note: trực tiếp bóng đá hôm nay tax base for such goods and services includes surcharges and additional fees that trực tiếp bóng đá hôm nay business entity is entitled to.
Which goods and services are subject to value-added tax in Vietnamfrom July 1, 2025?
According to trực tiếp bóng đá hôm nay provisions of Article 4 of trực tiếp bóng đá hôm nayValue-Added Tax Law 2024(effective from July 1, 2025), trực tiếp bóng đá hôm nay goods and services subject to value-added tax are goods and services used for production, business, and consumption in Vietnam, except for non-taxable goods and services as stipulated in Article 5 of trực tiếp bóng đá hôm nayValue-Added Tax Law 2024.
