From July 1, 2025, which business establishments will apply trực tiếp bóng đá euro hôm nay credit-invoice method in Vietnam?

What are regulations oncredit-invoice methodin Vietnam from July 1, 2025?

Based on Clause 1, Article 11 of trực tiếp bóng đá euro hôm nay2024 Law on Value-Added Tax(Effective from July 1, 2025), trực tiếp bóng đá euro hôm nay credit-invoice method is regulated as follows:

- trực tiếp bóng đá euro hôm nay payable value added tax under trực tiếp bóng đá euro hôm nay deduction method is calculated as trực tiếp bóng đá euro hôm nay output value added tax minus trực tiếp bóng đá euro hôm nay input value added tax that is deductible;

- trực tiếp bóng đá euro hôm nay output value added tax is trực tiếp bóng đá euro hôm nay total amount of value added tax on goods and services sold recorded on trực tiếp bóng đá euro hôm nay value added tax invoice.

trực tiếp bóng đá euro hôm nay value added tax of goods and services sold recorded on trực tiếp bóng đá euro hôm nay value added tax invoice is calculated as trực tiếp bóng đá euro hôm nay taxable value of trực tiếp bóng đá euro hôm nay taxable goods and services sold multiplied by trực tiếp bóng đá euro hôm nay value added tax rate of trực tiếp bóng đá euro hôm nay respective goods and services.

In trực tiếp bóng đá euro hôm nay case where trực tiếp bóng đá euro hôm nay invoice records trực tiếp bóng đá euro hôm nay payment price inclusive of VAT, trực tiếp bóng đá euro hôm nay output value added tax is determined by subtracting trực tiếp bóng đá euro hôm nay taxable value of VAT calculated according to trực tiếp bóng đá euro hôm nay provisions at point k, clause 1, Article 7 of trực tiếp bóng đá euro hôm nay2024 Law on Value-Added Tax;

- trực tiếp bóng đá euro hôm nay deductible input value added tax is trực tiếp bóng đá euro hôm nay total amount of value added tax recorded on trực tiếp bóng đá euro hôm nay value added tax invoice for purchased goods and services, tax receipts for imported goods or tax receipts for trực tiếp bóng đá euro hôm nay purchase of services as specified in clauses 3 and 4, Article 4 of trực tiếp bóng đá euro hôm nay2024 Law on Value-Added Taxand meeting trực tiếp bóng đá euro hôm nay conditions specified in Article 14 of trực tiếp bóng đá euro hôm nay2024 Law on Value-Added Tax.

From July 1, 2025, which business establishments will apply trực tiếp bóng đá euro hôm nay credit-invoice method in Vietnam? (Image from trực tiếp bóng đá euro hôm nay Internet)

From July 1, 2025, which business establishments will apply trực tiếp bóng đá euro hôm nay credit-invoice method in Vietnam?

Based on Clause 2, Article 11 of trực tiếp bóng đá euro hôm nay2024 Law on Value-Added Tax(Effective from July 1, 2025), trực tiếp bóng đá euro hôm nay deduction method applies to trực tiếp bóng đá euro hôm nay following business establishments:

Deduction Method

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2. trực tiếp bóng đá euro hôm nay deduction method applies to business establishments that fully implement accounting policies, invoices, and records according to trực tiếp bóng đá euro hôm nay provisions of trực tiếp bóng đá euro hôm nay law on accounting, invoices, and records, including:

a) Business establishments with an annual revenue from selling goods and providing services of 01 billion VND or more, excluding households and individuals engaged in production and business;

b) Business establishments voluntarily applying trực tiếp bóng đá euro hôm nay deduction method, excluding households and individuals engaged in production and business;

c) Foreign organizations and individuals supplying goods and services to conduct search, exploration, development of oil and gas fields, and oil and gas exploitation, declare, deduct, and pay taxes on behalf of Vietnam by trực tiếp bóng đá euro hôm nay deduction method.

Thus, from July 1, 2025, trực tiếp bóng đá euro hôm nay credit-invoice method applies to business establishments that fully implement accounting policies, invoices, and records according to trực tiếp bóng đá euro hôm nay provisions of trực tiếp bóng đá euro hôm nay law on accounting, invoices, and records, and:

(i) Have annual revenue from selling goods and providing services of 01 billion VND or more, excluding households and individuals engaged in production and business or;

(ii) Voluntarily apply trực tiếp bóng đá euro hôm nay deduction method, excluding households and individuals engaged in production and business;

Note: Foreign organizations and individuals supplying goods and services to conduct search, exploration, development of oil and gas fields, and oil and gas exploitation, pay taxes by trực tiếp bóng đá euro hôm nay deduction method declared, deducted, and paid on behalf of Vietnam.

How do business establishments applying trực tiếp bóng đá euro hôm nay credit-invoice method use invoices and records in Vietnam?

Based on trực tiếp bóng đá euro hôm nay regulations in Article 16 of trực tiếp bóng đá euro hôm nay2024 Law on Value-Added Tax(Effective from July 1, 2025) as follows:

Invoices and records

1. trực tiếp bóng đá euro hôm nay purchase and sale of goods and services must have invoices and records as per trực tiếp bóng đá euro hôm nay legal provisions and trực tiếp bóng đá euro hôm nay following regulations:

a) Business establishments applying trực tiếp bóng đá euro hôm nay deduction method use value added tax invoices. In cases where goods and services subject to value added tax are sold and trực tiếp bóng đá euro hôm nay invoice does not record trực tiếp bóng đá euro hôm nay amount of value added tax, trực tiếp bóng đá euro hôm nay output value added tax is determined as trực tiếp bóng đá euro hôm nay payment recorded on trực tiếp bóng đá euro hôm nay invoice multiplied by trực tiếp bóng đá euro hôm nay value added tax rate, except for trực tiếp bóng đá euro hôm nay case provided for in clause 2 of this Article;

b) Business establishments applying trực tiếp bóng đá euro hôm nay direct calculation method use sales invoices.

2. For stamps, tickets, and cards as pre-printed payment records, trực tiếp bóng đá euro hôm nay payment price on these items includes value added tax.

Thus, business establishments applying trực tiếp bóng đá euro hôm nay credit-invoice method use value added tax invoices.

In cases where goods and services subject to value added tax are sold and trực tiếp bóng đá euro hôm nay value added tax amount is not recorded on trực tiếp bóng đá euro hôm nay invoice, trực tiếp bóng đá euro hôm nay output value added tax is determined as trực tiếp bóng đá euro hôm nay payment recorded on trực tiếp bóng đá euro hôm nay invoice multiplied by trực tiếp bóng đá euro hôm nay value added tax rate, except for business establishments applying trực tiếp bóng đá euro hôm nay direct calculation method using sales invoices.