How long is bóng đá hôm nay trực tiếp effective period of application of VAT reduction in Vietnam under Decree 72?

How long is bóng đá hôm nay trực tiếp effective period of application ofVAT reduction in VietnamunderDecree 72?

On June 30, 2024, bóng đá hôm nay trực tiếp Government of Vietnam issuedDecree 72/2024/ND-CPon bóng đá hôm nay trực tiếp policy of reducing value-added tax according toNghị trực tiếp bóng đá việt.

Based on Article 2 ofDecree 72/2024/ND-CP, it is stipulated as follows:

Effective Date and Implementation

1. This Decree is effective from July 1, 2024, to bóng đá hôm nay trực tiếp end of December 31, 2024.

2. Ministries according to their functions and tasks, and bóng đá hôm nay trực tiếp People's Committees of provinces and centrally-run cities shall direct relevant agencies to propagate, guide, inspect, and supervise so that consumers understand and benefit from bóng đá hôm nay trực tiếp reduction of value-added tax stipulated in Article 1 of this Decree, focusing on solutions to stabilize bóng đá hôm nay trực tiếp supply and demand of goods and services subject to value-added tax reduction to maintain market price stability (price excluding value-added tax) from July 1, 2024, to bóng đá hôm nay trực tiếp end of December 31, 2024.

3. If obstacles arise during implementation, bóng đá hôm nay trực tiếp Ministry of Finance shall provide guidance and resolve them.

4. bóng đá hôm nay trực tiếp Ministers, Heads of ministerial-level agencies, Heads of agencies under bóng đá hôm nay trực tiếp Government of Vietnam, Chairpersons of bóng đá hôm nay trực tiếp People's Committees of provinces, centrally-run cities, and relevant enterprises, organizations, and individuals are responsible for implementing this Decree.

According to bóng đá hôm nay trực tiếp above provisions, bóng đá hôm nay trực tiếp VAT reduction period under Decree 72 is from July 1, 2024, to bóng đá hôm nay trực tiếp end of December 31, 2024. After this period, bóng đá hôm nay trực tiếp entities receiving a VAT reduction will revert to bóng đá hôm nay trực tiếp old tax rate as stipulated in bóng đá hôm nay trực tiếpLuật Thuế giá trị đá bóng trựcunless a new directive is issued.

This means that Decree 72 of 2024 officially ceases to be effective and applicable from January 1, 2025.

As of now, bóng đá hôm nay trực tiếp Government of Vietnam has submitted to bóng đá hôm nay trực tiếp National Assembly a Draft Resolution to reduce VAT by 2% for bóng đá hôm nay trực tiếp first 6 months of 2025, which is expected to be passed at bóng đá hôm nay trực tiếp 8th session of bóng đá hôm nay trực tiếp 15th National Assembly.

See more: Full text of bóng đá hôm nay trực tiếp Draft Resolution on VAT reduction 2025Download

How long is bóng đá hôm nay trực tiếp effective period of application of VAT reduction in Vietnam under Decree 72?Which entities are bóng đá hôm nay trực tiếp VAT payers?(Image from bóng đá hôm nay trực tiếp Internet)

Which entities are bóng đá hôm nay trực tiếp VAT payers in Vietnam?

According to bóng đá hôm nay trực tiếp provisions in Article 3 ofCircular 219/2013/TT-BTC, VAT payers are organizations and individuals producing and trading goods and services subject to VAT in Vietnam, regardless of industry, type, business organization (hereinafter referred to as business establishments), and organizations and individuals importing goods, purchasing services from abroad subject to VAT (hereinafter referred to as importers), including:

- Business organizations established and registered under bóng đá hôm nay trực tiếp Enterprise Law, bóng đá hôm nay trực tiếp State Enterprise Law (now bóng đá hôm nay trực tiếp Enterprise Law), bóng đá hôm nay trực tiếp Cooperative Law, and other specialized business laws;

- Economic organizations of political organizations, socio-political organizations, social organizations, socio-professional organizations, people's armed units, public service organizations, and other organizations;

- Enterprises with foreign investment capital and foreign parties participating in business cooperation under bóng đá hôm nay trực tiếp Law on Foreign Investment in Vietnam (now bóng đá hôm nay trực tiếp Investment Law); foreign organizations and individuals engaging in business in Vietnam but not establishing a legal entity in Vietnam;

- Individuals, households, independent business groups, and other entities involved in production, business, and import activities;

- Organizations and individuals producing and doing business in Vietnam purchasing services (including services associated with goods) from foreign organizations without a permanent establishment in Vietnam or foreign individuals as non-residents in Vietnam shall be bóng đá hôm nay trực tiếp taxpayers, except for cases not required to declare, calculate, and pay VAT as guided in Clause 2 Article 5 ofCircular 219/2013/TT-BTC.

Regulations on permanent establishments and non-resident entities are in accordance with bóng đá hôm nay trực tiếp laws on corporate income tax and personal income tax.

- Branches of export processing enterprises established to engage in bóng đá hôm nay trực tiếp purchase, sale of goods, and activities directly related to bóng đá hôm nay trực tiếp purchase and sale of goods in Vietnam according to bóng đá hôm nay trực tiếp legal regulations on industrial parks, export processing zones, and economic zones.

What is bóng đá hôm nay trực tiếp deadline for submitting monthly and quarterly VAT returns in Vietnam in 2024?

Based on Clause 1, Article 44 of bóng đá hôm nay trực tiếpLaw on Tax Administration 2019, it is specified as follows:

Deadline for Submitting Tax returns

1. bóng đá hôm nay trực tiếp deadline for submitting tax returns for taxes declared monthly and quarterly is as follows:

a) No later than bóng đá hôm nay trực tiếp 20th of bóng đá hôm nay trực tiếp following month for cases of monthly tax declaration and payment;

b) No later than bóng đá hôm nay trực tiếp last day of bóng đá hôm nay trực tiếp first month of bóng đá hôm nay trực tiếp following quarter for cases of quarterly tax declaration and payment.

2. bóng đá hôm nay trực tiếp deadline for submitting tax returns for taxes calculated annually is as follows:

a) No later than bóng đá hôm nay trực tiếp last day of bóng đá hôm nay trực tiếp third month from bóng đá hôm nay trực tiếp end of bóng đá hôm nay trực tiếp calendar year or fiscal year for annual tax settlement dossiers; no later than bóng đá hôm nay trực tiếp last day of bóng đá hôm nay trực tiếp first month of bóng đá hôm nay trực tiếp calendar year or fiscal year for annual tax returns;

b) No later than bóng đá hôm nay trực tiếp last day of bóng đá hôm nay trực tiếp fourth month from bóng đá hôm nay trực tiếp end of bóng đá hôm nay trực tiếp calendar year for individual income tax settlement dossiers filed by individuals directly settling tax;

c) No later than December 15 of bóng đá hôm nay trực tiếp preceding year for fixed tax returns of business households and individuals paying tax using bóng đá hôm nay trực tiếp fixed method; in bóng đá hôm nay trực tiếp case of new business households and individuals, bóng đá hôm nay trực tiếp deadline for submitting fixed tax returns is no later than 10 days from bóng đá hôm nay trực tiếp start of business.

3. bóng đá hôm nay trực tiếp deadline for submitting tax returns for taxes declared and paid on a per-arising basis is no later than bóng đá hôm nay trực tiếp 10th day from bóng đá hôm nay trực tiếp occurrence of bóng đá hôm nay trực tiếp tax liability.

4. bóng đá hôm nay trực tiếp deadline for submitting tax returns in case of cessation of activities, contract termination, or business reorganization is no later than bóng đá hôm nay trực tiếp 45th day from bóng đá hôm nay trực tiếp event.

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According to bóng đá hôm nay trực tiếp above regulation, bóng đá hôm nay trực tiếp deadline for submitting VAT returns for monthly and quarterly declarations in 2024 is as follows:

- No later than bóng đá hôm nay trực tiếp 20th of bóng đá hôm nay trực tiếp following month for cases of monthly tax declaration and payment.

- No later than bóng đá hôm nay trực tiếp last day of bóng đá hôm nay trực tiếp first month of bóng đá hôm nay trực tiếp following quarter for cases of quarterly tax declaration and payment.