Is there a VAT reduction poposal at trực tiếp bóng đá euro hôm nay 8th Session of trực tiếp bóng đá euro hôm nay 15th National Assembly of Vietnam in November 2024?
Is there aVATreduction poposal at the8th Session of trực tiếp bóng đá euro hôm nay 15th National Assembly of Vietnamin November 2024?
According to Resolution 218/NQ-CP dated November 12, 2024, trực tiếp bóng đá euro hôm nay Government of Vietnam assigned trực tiếp bóng đá euro hôm nay Ministry of Finance to lead, in cooperation with relevant agencies and localities, in researching, advising, and proposing trực tiếp bóng đá euro hôm nay development of a national strategy on anti-waste in trực tiếp bóng đá euro hôm nay spirit of directives from trực tiếp bóng đá euro hôm nay General Secretary, and to report to trực tiếp bóng đá euro hôm nay Prime Minister of trực tiếp bóng đá euro hôm nay Government of Vietnam in November 2024.
View trực tiếp bóng đá euro hôm nay full text of Resolution 218/NQ-CP dated November 12, 2024:Here
At trực tiếp bóng đá euro hôm nay same time, trực tiếp bóng đá euro hôm nay Ministry of Finance is urged to promptly summarize, assess, and advise to promulgate policies or submit to competent authorities to promulgate policies on tax exemptions, reductions, and extensions of taxes, fees, and land levy in 2025, to be implemented at trực tiếp bóng đá euro hôm nay beginning of trực tiếp bóng đá euro hôm nay year, especially concerning trực tiếp bóng đá euro hôm naycontinuation of trực tiếp bóng đá euro hôm nay value-added tax reduction in trực tiếp bóng đá euro hôm nay first 6 months of 2025to be reported to trực tiếp bóng đá euro hôm nay National Assembly at trực tiếp bóng đá euro hôm nay 8th session.
Additionally, trực tiếp bóng đá euro hôm nay 8th session of trực tiếp bóng đá euro hôm nay National Assembly will work for 29.5 days, from October 21 to November 30, 2024; divided into 2 phases: Phase 1 from October 21 to November 13; Phase 2 from November 20 to trực tiếp bóng đá euro hôm nay morning of November 30.
Thus,there will be information on trực tiếp bóng đá euro hôm nay continuation of trực tiếp bóng đá euro hôm nay value-added tax reduction in trực tiếp bóng đá euro hôm nay first 6 months of 2025 at trực tiếp bóng đá euro hôm nay 8th Session of trực tiếp bóng đá euro hôm nay 15th National Assembly in November.
Is there a VAT reduction poposal at trực tiếp bóng đá euro hôm nay 8th Session of trực tiếp bóng đá euro hôm nay 15th National Assembly of Vietnam in November 2024?(Image from trực tiếp bóng đá euro hôm nay Internet)
Which goods and services are not entitled toVATreduction in Vietnam in trực tiếp bóng đá euro hôm nay last 6 months of 2024?
Article 1 ofDecree 72/2024/ND-CPimplements trực tiếp bóng đá euro hôm nay value-added tax reduction for groups of goods and services applying a 10% tax rate, except for trực tiếp bóng đá euro hôm nay following groups:
- Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and pre-fabricated metal products, mining products (excluding coal extraction), coke, refined petroleum, chemical products.
Details in Appendix I attached tolịch trực tiếp bóng đá
- Goods and services subject to special consumption tax.
Details in Appendix II attached tolịch trực tiếp bóng đá
- Information technology according to IT laws.
Details in Appendix III attached tolịch trực tiếp bóng đá
- trực tiếp bóng đá euro hôm nay value-added tax reduction for each type of goods and services specified in Clause 1, Article 1 ofDecree 72/2024/ND-CPis applied uniformly at importation, production, processing, commercial business stages. For coal extracted and sold (including cases where coal is extracted and then sifted and graded by a closed process before sold) that is subject to value-added tax reduction. Coal is listed in Appendix I attached tolịch trực tiếp bóng đá, at stages other than trực tiếp bóng đá euro hôm nay extraction and sale stage, it is not subject to value-added tax reduction.
Economic groups, corporations implementing trực tiếp bóng đá euro hôm nay closed process for selling coal extraction are also subject to value-added tax reduction on extracted coal sold.
In cases where goods and services listed in Appendices I, II, and III attached tolịch trực tiếp bóng đáare subject to no value-added tax or subjected to a 5% value-added tax rate according to trực tiếp bóng đá euro hôm nay Law on VAT, then trực tiếp bóng đá euro hôm nay provisions of trực tiếp bóng đá euro hôm nay Law on VAT apply, and they are not subject to a reduction in VAT.
Note: lịch trực tiếp bóng đáis effective until December 31, 2024.
How to issue invoices with VAT reductions in Vietnamaccording to Decree 72?
Based on clause 3, clause 4, Article 1 ofDecree 72/2024/ND-CPregarding trực tiếp bóng đá euro hôm nay procedures for VAT reduction, trực tiếp bóng đá euro hôm nay issuance of VAT reduction invoices is as follows:
VAT Reduction
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3. Implementation procedures
a) For business establishments specified at point a, clause 2 of this Article, when issuing VAT invoices for goods and services subject to VAT reduction, at trực tiếp bóng đá euro hôm nay VAT tax rate line, state “8%”; trực tiếp bóng đá euro hôm nay VAT amount; total payable by trực tiếp bóng đá euro hôm nay buyer. Based on trực tiếp bóng đá euro hôm nay VAT invoice, business establishments selling goods, services declare output VAT, and business establishments buying goods, services declare input VAT deduction according to trực tiếp bóng đá euro hôm nay tax reduced stated on trực tiếp bóng đá euro hôm nay VAT invoice.
b) For business establishments specified at point b, clause 2 of this Article, when issuing sales invoices providing goods and services subject to VAT reduction, in trực tiếp bóng đá euro hôm nay "Amount" column, fully record trực tiếp bóng đá euro hôm nay value of goods and services before reduction, and at trực tiếp bóng đá euro hôm nay "Total amount of goods and services" line, record according to trực tiếp bóng đá euro hôm nay amount reduced by 20% of trực tiếp bóng đá euro hôm nay percentage rate on revenue, concurrently note: “reduced by...(amount) corresponding to a 20% rate for VAT calculation as per Resolution No. 142/2024/QH15”.
4. In cases where business establishments specified at point a, clause 2 of this Article, sell goods and provide services with different tax rates, trực tiếp bóng đá euro hôm nay VAT invoice must specify trực tiếp bóng đá euro hôm nay tax rate for each item according to clause 3 of this Article.
In cases where business establishments specified at point b, clause 2 of this Article, sell goods and provide services, trực tiếp bóng đá euro hôm nay sales invoice must clearly state trực tiếp bóng đá euro hôm nay amount reduced according to clause 3 of this Article.
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Therefore, when issuing VAT invoices, record trực tiếp bóng đá euro hôm nay VAT reduction as follows:
- For business establishments that calculate VAT according to trực tiếp bóng đá euro hôm nay deduction method:
+ At trực tiếp bóng đá euro hôm nay tax rate line: Record 8%
+ Fully record: VAT amount and Total amount payable by trực tiếp bóng đá euro hôm nay buyer.
In cases where business establishments sell goods and provide services at different tax rates, trực tiếp bóng đá euro hôm nay VAT invoice must clearly specify trực tiếp bóng đá euro hôm nay tax rate for each item according to trực tiếp bóng đá euro hôm nay procedure for issuing invoices.
- For business establishments (including business households, individual businesses) calculating VAT by percentage rate on revenue:
+ "Amount" column: Fully record trực tiếp bóng đá euro hôm nay value of goods and services before reduction.
+ At trực tiếp bóng đá euro hôm nay "Total amount of goods and services" line: Record according to trực tiếp bóng đá euro hôm nay amount reduced by 20% of trực tiếp bóng đá euro hôm nay rate on revenue, concurrently note: “reduced by...(amount) corresponding to a 20% rate for VAT calculation as perNghị trực tiếp bóng đá việt nam”.
In cases where business establishments sell goods and provide services, trực tiếp bóng đá euro hôm nay sales invoice must clearly state trực tiếp bóng đá euro hôm nay amount reduced according to trực tiếp bóng đá euro hôm nay procedure for issuing invoices.
