trực tiếp bóng đá euro hôm nayIs perfume eligible for value-added tax reduction in Vietnam in 2024?

Isperfume eligible for value-added tax (VAT) reduction in Vietnamin 2024?

trực tiếp bóng đá euro hôm nay group of goods and services not eligible for VAT reduction in 2024 is stipulated in Clause 1, Article 1 ofDecree 72/2024/ND-CPregarding VAT reduction policies as follows:

* Reduction of VAT for groups of goods and services currently applying a 10% tax rate, except for trực tiếp bóng đá euro hôm nay following groups of goods and services:

[1]Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and products made from pre-cast metal, mining products (excluding coal mining), coke, refined petroleum, chemical products. Details in Appendix 1 attached to this Decree. (DownloadAppendix 1)

[2]Products and services subject to special consumption tax. Details in Appendix 2 attached to this Decree. (DownloadAppendix 2)

[3]Information technology according to trực tiếp bóng đá euro hôm nay law on information technology. Details in Appendix 3 attached to this Decree. (DownloadAppendix 3)

[4]trực tiếp bóng đá euro hôm nay VAT reduction for each type of goods and services as stipulated in Clause 1, Article 1 ofDecree 72/2024/ND-CPis uniformly applied across import, production, processing, and commercial trading stages.

For coal products sold out after mining (including cases where coal is sifted and classified through a closed process before being sold), these are subject to VAT reduction.

Coal products listed in Appendix 1 attached to this Decree (DownloadAppendix 1) at stages other than trực tiếp bóng đá euro hôm nay mining and selling stage are not subject to VAT reduction.

Large corporations and economic groups carrying out a closed process before selling are also subject to VAT reduction for coal products sold after mining.

Goods and services listed in Appendices 1, 2, and 3 attached to this Decree that are non-subject to VAT or subject to a 5% VAT rate according to trực tiếp bóng đá euro hôm nay Law on VAT will comply with trực tiếp bóng đá euro hôm nay Law on VAT and are not subject to VAT reduction.

Accordingly, goods and services with a previous 10% VAT rate will be eligible for a 2% VAT reduction, except for trực tiếp bóng đá euro hôm nay cases mentioned above.

Among these, perfumes and fragrances are products in trực tiếp bóng đá euro hôm nay group of goods and services not eligible for VAT reduction (i.e., still subject to a 10% rate).

Therefore,according to trực tiếp bóng đá euro hôm nay above regulations, trực tiếp bóng đá euro hôm nay sale of perfumes will not be eligible for VAT reduction in 2024.

See detailsList of goods and services not subject to VAT reduction rates attached to Decree 72/2024/ND-CP.

Isperfumes eligible for VAT reduction in Vietnamin 2024? (Image from trực tiếp bóng đá euro hôm nay Internet)

What are trực tiếp bóng đá euro hôm nay methods for VAT deduction in Vietnam?

Pursuant to Article 10 of trực tiếp bóng đá euro hôm nayLaw on VAT 2008(amended by Clause 4, Article 1 of trực tiếp bóng đá euro hôm nayLaw Amending trực tiếp bóng đá euro hôm nay Law on VAT 2013), trực tiếp bóng đá euro hôm nay VAT deduction methods for trực tiếp bóng đá euro hôm nay year 2024 are specified as follows:

- VAT deduction methods are specified as follows:

+ trực tiếp bóng đá euro hôm nay VAT payable under trực tiếp bóng đá euro hôm nay deduction method is trực tiếp bóng đá euro hôm nay output VAT amount minus trực tiếp bóng đá euro hôm nay deductible input VAT amount.

+ trực tiếp bóng đá euro hôm nay output VAT amount is trực tiếp bóng đá euro hôm nay total VAT of goods and services sold, as recorded on VAT invoices.

trực tiếp bóng đá euro hôm nay VAT of goods and services sold, as recorded on VAT invoices, is trực tiếp bóng đá euro hôm nay taxable price of trực tiếp bóng đá euro hôm nay sold goods and services multiplied by trực tiếp bóng đá euro hôm nay VAT rate applicable to those goods and services.

In cases where trực tiếp bóng đá euro hôm nay payment price includes VAT, trực tiếp bóng đá euro hôm nay output VAT amount is calculated as trực tiếp bóng đá euro hôm nay payment price minus trực tiếp bóng đá euro hôm nay VAT calculation price determined according to Point k, Clause 1, Article 7 of trực tiếp bóng đá euro hôm nayLaw on VAT 2008.

+ trực tiếp bóng đá euro hôm nay deductible input VAT amount is trực tiếp bóng đá euro hôm nay total VAT recorded on VAT invoices for purchased goods and services, and import VAT receipts that meet trực tiếp bóng đá euro hôm nay conditions stipulated in Article 12 of trực tiếp bóng đá euro hôm nayLaw on VAT 2008(amended by Clause 6, Article 1 of trực tiếp bóng đá euro hôm nayLaw Amending trực tiếp bóng đá euro hôm nay Law on VAT 2013).

- trực tiếp bóng đá euro hôm nay deduction method applies to businesses that comply with accounting policies, invoices, and documents per trực tiếp bóng đá euro hôm nay law on accounting, invoices, and documents, including:

+ Businesses with annual revenue from sales of goods and services from one billion dong or more, except for households and individual businesses.

+ Businesses voluntarily registering to apply trực tiếp bóng đá euro hôm nay deduction method, except for households and individual businesses.

Whenis trực tiếp bóng đá euro hôm nay time for VAT calculation in Vietnam?

According to Article 8 ofCircular 219/2013/TT-BTC, trực tiếp bóng đá euro hôm nay VAT calculation time is guided specifically as follows:

- For trực tiếp bóng đá euro hôm nay sale of goods, it is trực tiếp bóng đá euro hôm nay time of transfer of ownership or right to use trực tiếp bóng đá euro hôm nay goods to trực tiếp bóng đá euro hôm nay buyer, regardless of whether trực tiếp bóng đá euro hôm nay money has been collected or not.

- For service provisions, it is trực tiếp bóng đá euro hôm nay time of completion of service provision or issuance of trực tiếp bóng đá euro hôm nay service provision invoice, regardless of whether trực tiếp bóng đá euro hôm nay money has been collected or not.

For telecommunications services, it is trực tiếp bóng đá euro hôm nay time of completing trực tiếp bóng đá euro hôm nay reconciliation of service charges in accordance with trực tiếp bóng đá euro hôm nay economic contract between telecommunications service providers, but no later than 2 months from trực tiếp bóng đá euro hôm nay month of incurring trực tiếp bóng đá euro hôm nay service charges.

- For electricity and clean water supply activities, it is trực tiếp bóng đá euro hôm nay day trực tiếp bóng đá euro hôm nay consumption index readings on meters are recorded to issue invoices.

- For real estate business, infrastructure construction, house construction for sale, transfer or lease, it is trực tiếp bóng đá euro hôm nay time of payment collection according to project progress or trực tiếp bóng đá euro hôm nay payment schedule specified in trực tiếp bóng đá euro hôm nay contract.

Based on trực tiếp bóng đá euro hôm nay collected payment, trực tiếp bóng đá euro hôm nay business declares trực tiếp bóng đá euro hôm nay output VAT incurred during trực tiếp bóng đá euro hôm nay period.

- For construction and installation, including shipbuilding, it is trực tiếp bóng đá euro hôm nay time of acceptance and handover of trực tiếp bóng đá euro hôm nay works, project items, or construction and installation volumes completed, regardless of whether trực tiếp bóng đá euro hôm nay money has been collected or not.

- For imported goods, it is trực tiếp bóng đá euro hôm nay time of customs declaration registration.