[null] How much is the revenue of household businesses lịch trực tiếp bóng đá hôm nay individual businesses that are exempt from paying VAT lịch trực tiếp bóng đá hôm nay PIT in Vietnam? [null] [null]

How much is the revenue of household businesses lịch trực tiếp bóng đá hôm nay individual businesses that are exempt from paying VAT lịch trực tiếp bóng đá hôm nay PIT in Vietnam?

How much is the revenue of household businesses lịch trực tiếp bóng đá hôm nay individual businesses that are exempt from paying VAT lịch trực tiếp bóng đá hôm nay PIT in Vietnam?

Which entities arehousehold businesses lịch trực tiếp bóng đá hôm nay individual businesses in Vietnam?

According to Clause 1, Article 2Circular 40/2021/TT-BTC, household businesses lịch trực tiếp bóng đá hôm nay individual businesses are defined as follows:

Subjects of Application

1. household businesses lịch trực tiếp bóng đá hôm nay individual businesses are resident individuals engaged in the production lịch trực tiếp bóng đá hôm nay trading of goods lịch trực tiếp bóng đá hôm nay services in all fields lịch trực tiếp bóng đá hôm nay industries in accordance with the law, including the following specific cases:

a) Practicing independently in fields lịch trực tiếp bóng đá hôm nay industries that require licenses or professional certificates according to the law;

b) Acting as agents selling at the right price for lottery agents, insurance agents, multi-level marketing agents directly signing contracts with lottery companies, insurers, multi-level marketing companies;

c) Cooperating in business with organizations;

d) Engaging in agricultural, forestry, salt production, aquaculture, lịch trực tiếp bóng đá hôm nay seafood harvesting activities that do not meet the conditions for tax exemption as stipulated by VAT lịch trực tiếp bóng đá hôm nay PIT laws;

e) Engaging in e-commerce activities, including individuals earning income from digital content product lịch trực tiếp bóng đá hôm nay service information in accordance with e-commerce laws.

...

Thus, according to the above regulation, household businesses lịch trực tiếp bóng đá hôm nay individual businesses are resident individuals engaged in the production lịch trực tiếp bóng đá hôm nay trading of goods lịch trực tiếp bóng đá hôm nay services in all fields lịch trực tiếp bóng đá hôm nay industries in accordance with the law.

Business Households, Individual Traders, what revenue do they need to not pay VAT lịch trực tiếp bóng đá hôm nay PIT?

How much is the revenue of household businesses lịch trực tiếp bóng đá hôm nay individual businesses that are exempt from paying VAT lịch trực tiếp bóng đá hôm nay PIT in Vietnam? (Image from the Internet)

How much is the revenue of household businesses lịch trực tiếp bóng đá hôm nay individual businesses that are exempt from payingVAT lịch trực tiếp bóng đá hôm nay PIT in Vietnam?

According to Article 4Circular 40/2021/TT-BTC, the principles for calculating VAT lịch trực tiếp bóng đá hôm nay PIT for household businesses lịch trực tiếp bóng đá hôm nay individual businesses are defined as follows:

Tax Calculation Principles

1. The tax calculation principles for household businesses lịch trực tiếp bóng đá hôm nay individual businesses are implemented according to the current laws on VAT, PIT, lịch trực tiếp bóng đá hôm nay related legal documents.

2. household businesses lịch trực tiếp bóng đá hôm nay individual businesses with annual revenue from production lịch trực tiếp bóng đá hôm nay trading activities in the calendar year of 100 million VND or less are not subject to VAT lịch trực tiếp bóng đá hôm nay PIT as stipulated by VAT lịch trực tiếp bóng đá hôm nay PIT laws. household businesses lịch trực tiếp bóng đá hôm nay individual businesses must declare taxes accurately, honestly, lịch trực tiếp bóng đá hôm nay fully lịch trực tiếp bóng đá hôm nay submit tax dossiers on time; they are responsible before the law for the accuracy, truthfulness, lịch trực tiếp bóng đá hôm nay completeness of the tax dossiers according to regulations.

3. For household businesses lịch trực tiếp bóng đá hôm nay individual businesses operating as a group of individuals or household, the revenue of 100 million VND/year or less to determine individuals not paying VAT or PIT is calculated for a single representative of the group of individuals or household in the tax year.

Thus, in cases where household businesses or individual businesses have an annual revenue from production lịch trực tiếp bóng đá hôm nay business activities in the calendar year of 100 million VND or less, they are not subject to VAT lịch trực tiếp bóng đá hôm nay PIT according to the provisions of VAT lịch trực tiếp bóng đá hôm nay PIT laws.

In addition, for household businesses lịch trực tiếp bóng đá hôm nay individual businesses operating as a group of individuals or household, the revenue of 100 million VND/year or less to determine individuals not paying VAT lịch trực tiếp bóng đá hôm nay PIT is calculated for a single representative of the group of individuals or household in the tax year.

* Note:household businesses lịch trực tiếp bóng đá hôm nay individual businesses are responsible for declaring taxes accurately, honestly, lịch trực tiếp bóng đá hôm nay fully lịch trực tiếp bóng đá hôm nay submitting tax dossiers on time; they are responsible before the law for the accuracy, truthfulness, lịch trực tiếp bóng đá hôm nay completeness of the tax dossiers according to regulations.

How to calculate VAT lịch trực tiếp bóng đá hôm nay PIT for household businesses lịch trực tiếp bóng đá hôm nay individual businesses paying taxes by the declaration method in Vietnam?

The method of calculating VAT lịch trực tiếp bóng đá hôm nay PIT for household businesses lịch trực tiếp bóng đá hôm nay individual businesses paying taxes by the declaration method is stipulated in Article 5Circular 40/2021/TT-BTCas follows:

- The declaration method applies to large-scale household businesses lịch trực tiếp bóng đá hôm nay individual businesses; lịch trực tiếp bóng đá hôm nay household businesses lịch trực tiếp bóng đá hôm nay individual businesses not meeting large-scale criteria but opting to pay taxes by the declaration method.

- household businesses lịch trực tiếp bóng đá hôm nay individual businesses paying taxes by the declaration method declare taxes monthly, except for newly established household businesses lịch trực tiếp bóng đá hôm nay individual businesses lịch trực tiếp bóng đá hôm nay those meeting quarterly tax declaration criteria lịch trực tiếp bóng đá hôm nay choosing to declare taxes quarterly as stipulated in Article 9Decree 126/2020/ND-CP.

- household businesses lịch trực tiếp bóng đá hôm nay individual businesses paying taxes by the declaration method, if determining tax revenue inconsistently with practical conditions, the tax authority shall determine the taxable revenue according to Article 50Law on Tax Administration 2019.

- household businesses lịch trực tiếp bóng đá hôm nay individual businesses paying taxes by the declaration method must comply with policies on accounting, invoices, lịch trực tiếp bóng đá hôm nay receipts. In cases where household businesses lịch trực tiếp bóng đá hôm nay individual businesses in fields or industries can determine revenue according to confirmation from competent authorities, they are exempt from complying with accounting policies.

- household businesses lịch trực tiếp bóng đá hôm nay individual businesses paying taxes by the declaration method are not required to finalize taxes.

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