Is foreign currency trading not subject to value-added vtv2 trực tiếp bóng đá hôm nay in Vietnam?

Who is the taxpayer of value-added vtv2 trực tiếp bóng đá hôm nay in Vietnam?

According to the provisions set out in Article 4 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay 2008:

A taxpayer of value-added vtv2 trực tiếp bóng đá hôm nay is an organization or individual producing, trading goods or services subject to value-added vtv2 trực tiếp bóng đá hôm nay, and organizations or individuals importing goods subject to value-added vtv2 trực tiếp bóng đá hôm nay.

Is foreign currency trading not subject to value-added vtv2 trực tiếp bóng đá hôm nay in Vietnam?

Based on Article 5 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay 2008(amended by Clause 1 Article 1 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay, Special Consumption vtv2 trực tiếp bóng đá hôm nay, and Amended vtv2 trực tiếp bóng đá hôm nay Management Law 2016, Clause 1 Article 1 of theAmended Law on Value-Added vtv2 trực tiếp bóng đá hôm nay 2013and supplemented by Clause 1 Article 3 of theLaw on Amendments to vtv2 trực tiếp bóng đá hôm nay Laws 2014), the subjects exempt from value-added vtv2 trực tiếp bóng đá hôm nay include:

Non-taxable objects

...

8. The following financial, banking, and securities services:

a) Credit services including: lending; discounting, re-discounting negotiable instruments, and other valuable papers; guarantee; financial leasing; issuance of credit cards; domestic factoring; international factoring; other forms of credit in accordance with the law;

b) Lending services by taxpayers not being credit institutions;

c) Securities trading including: securities brokerage; securities self-trading; underwriting securities issuances; securities investment consulting; securities custody; fund management; securities investment portfolio management; market organization services of the stock exchange or securities trading centers; other securities trading activities as prescribed by law;

d) Capital transfer including: partial or entire transfer of invested capital, including the case of selling an enterprise to another enterprise for production and business; securities transfer; other forms of capital transfer as regulated by law;

dd) Debt selling;

e) Foreign currency trading;

g) Derivative financial services including: interest rate swaps; forward contracts; futures contracts; currency options; other derivative financial services as prescribed by law;

h) Sale of secured assets of loans of organizations in which the state holds 100% of charter capital established by the Government of Vietnam to handle bad debts of Vietnamese credit institutions.

...

Foreign currency trading is among the subjects exempt from value-added vtv2 trực tiếp bóng đá hôm nay.

Is foreign currency trading not subject to value-added vtv2 trực tiếp bóng đá hôm nay in Vietnam?(Image from the Internet)

What are regulations onthe value-added vtv2 trực tiếp bóng đá hôm nay rate in Vietnam?

Based on Article 8 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay 2008(amended by Clause 3 Article 1 of theAmended Law on Value-Added vtv2 trực tiếp bóng đá hôm nay 2013, Article 1 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay, Special Consumption vtv2 trực tiếp bóng đá hôm nay, and Amended vtv2 trực tiếp bóng đá hôm nay Management Law 2016, Article 3 of theLaw on Amendments to vtv2 trực tiếp bóng đá hôm nay Laws 2014) andlịch trực tiếp bóng đádetailing the VAT rates:

The 0% vtv2 trực tiếp bóng đá hôm nay rateapplies to exported goods and services, international transportation, and goods and services not subject to value-added vtv2 trực tiếp bóng đá hôm nay as stipulated in Article 5 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay 2008(amended by Article 1 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay, Special Consumption vtv2 trực tiếp bóng đá hôm nay, and Amended vtv2 trực tiếp bóng đá hôm nay Management Law 2016, supplemented by Article 3 of theLaw on Amendments to vtv2 trực tiếp bóng đá hôm nay Laws 2014) when exported, except for the following cases:

- Transfer of technology and transfer of intellectual property rights abroad.

- Reinsurance services abroad;

- Credit granting services;

- Capital transfer;

- Derivative financial services;

- Postal and telecommunications services;

- Exported products specified in Clause 23 Article 5 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay 2008(amended by Article 1 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay, Special Consumption vtv2 trực tiếp bóng đá hôm nay, and Amended vtv2 trực tiếp bóng đá hôm nay Management Law 2016).

Exported goods and services are those consumed outside Vietnam, in non-tariff areas; goods and services supplied to foreign customers as stipulated by the Government of Vietnam.

The 5% vtv2 trực tiếp bóng đá hôm nay rateapplies to the following goods and services:

- Clean water for production and living purposes;

- Ores for fertilizer production; pest control substances and growth stimulants for livestock and crops;

- Excavation, dredging services for agricultural channels, ponds, lakes for agricultural production; planting, nurturing, pest control for crops; preliminary processing, preservation of agricultural products;

- Unprocessed agricultural, breeding, aquatic products, except those specified in Clause 1 Article 5 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay 2008(amended by Article 1 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay, Special Consumption vtv2 trực tiếp bóng đá hôm nay, and Amended vtv2 trực tiếp bóng đá hôm nay Management Law 2016).

- Preliminary processed rubber latex; preliminary processed rosin; nets, ropes, and yarns for making fishing nets;

- Fresh food; unprocessed forest products, except timber, bamboo shoots, and products specified in Clause 1 Article 5 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay 2008(amended by Article 1 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay, Special Consumption vtv2 trực tiếp bóng đá hôm nay, and Amended vtv2 trực tiếp bóng đá hôm nay Management Law 2016).

- Sugar; by-products in sugar production, including molasses, bagasse, filter mud;

- Products made from jute, rush, bamboo, rattan, leaves, straw, coconut husks, shells, water hyacinths, and other handicrafts made from agricultural raw materials; preliminary processed cotton; newsprint;

- Medical equipment and instruments, medical cotton, sanitary napkins; preventive and therapeutic drugs; pharmaceutical products and medicinal materials used as raw materials for the production of preventive and therapeutic drugs;

- Teaching and learning aids, including models, diagrams, boards, chalk, rulers, compasses, and specialized teaching, research, and scientific experiment instruments;

- Cultural, exhibition, sports, physical training activities; art performance, film production; importation, release, and screening of films;

- Children's toys; books of all kinds, except those specified in Clause 15 Article 5 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay 2008(amended by Article 1 of theLaw on Value-Added vtv2 trực tiếp bóng đá hôm nay, Special Consumption vtv2 trực tiếp bóng đá hôm nay, and Amended vtv2 trực tiếp bóng đá hôm nay Management Law 2016).

- Scientific and technological services as stipulated by the Law on Science and Technology.

- Selling, leasing, renting, and purchasing social housing as stipulated by the Housing Law.

The 10% vtv2 trực tiếp bóng đá hôm nay rateapplies to goods and services not subject to the 0% and 5% vtv2 trực tiếp bóng đá hôm nay rates.

The 8% vtv2 trực tiếp bóng đá hôm nay rateapplies to goods and services subject to VAT reduction according toDecree 72/2024/ND-CP, effective from July 1, 2024, to December 31, 2024.

Thus, depending on the taxable object, the applicable value-added vtv2 trực tiếp bóng đá hôm nay rate is 0%, 5%, 8%, or 10%.