vtv5 trực tiếp bóng đá hôm nayShall a business establishment that only manufactures products or provides services subject to a 5% VAT rate receive a tax refund in Vietnam from July 1, 2025?
Shall a business establishment that only manufactures products or provides services subject to a 5% VAT rate receive a tax refund in Vietnam from July 1, 2025?
Pursuant to Clause 3, Article 15 of vtv5 trực tiếp bóng đá hôm nayLaw on Value Added Tax 2024(effective from July 1, 2025), vtv5 trực tiếp bóng đá hôm nay regulation on VAT refunds is as follows:
Value Added Tax Refund
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- A business establishment that solely produces goods or provides services subject to a 5% VAT rate can receive a VAT refund if vtv5 trực tiếp bóng đá hôm nay input VAT amount not yet deducted reaches 300 million VND or more after 12 consecutive months or 4 consecutive quarters; in cases where vtv5 trực tiếp bóng đá hôm nay business establishment produces goods or provides services subject to multiple VAT rates, vtv5 trực tiếp bóng đá hôm nay refund shall be made according to vtv5 trực tiếp bóng đá hôm nay allocation ratio prescribed by vtv5 trực tiếp bóng đá hôm nay Government of Vietnam.
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Thus, from July 1, 2025, a business establishment that deals solely in goods and services subject to a 5% VAT rate can receive a tax refund if it meets vtv5 trực tiếp bóng đá hôm nay condition of having an input VAT amount not yet deducted of 300 million VND or more after 12 consecutive months or 4 consecutive quarters.
Additionally, in cases where vtv5 trực tiếp bóng đá hôm nay business establishment produces goods or provides services subject to multiple VAT rates, vtv5 trực tiếp bóng đá hôm nay refund shall be made according to vtv5 trực tiếp bóng đá hôm nay allocation ratio prescribed by vtv5 trực tiếp bóng đá hôm nay Government of Vietnam.
Shall a business establishment that only manufactures products or provides services subject to a 5% VAT rate receive a tax refund in Vietnam from July 1, 2025?(Image from vtv5 trực tiếp bóng đá hôm nay Internet)
What types of goods and services are subject to a 5% VAT rate in Vietnam?
Pursuant to Clause 2, Article 9 of vtv5 trực tiếp bóng đá hôm nayLaw on Value Added Tax 2024(effective from July 1, 2025), vtv5 trực tiếp bóng đá hôm nay types of goods and services subject to a 5% VAT rate are as follows:
- Clean water for production and daily life, excluding bottled water, canned water, and other beverages;
- Fertilizers, ores for fertilizer production, plant protection chemicals, and livestock growth stimulants as prescribed by law;
- Services for digging and dredging canals, ditches, ponds, and lakes for agricultural production; cultivating, caring, pest control for plants; preliminary processing, preservation of agricultural products;
- Products from crops, planted forests (except wood, bamboo shoots), livestock, aquaculture, fishing that have not been processed into other products or only undergone ordinary preliminary processing, except for products stipulated in Clause 1, Article 5 of vtv5 trực tiếp bóng đá hôm nayLaw on Value Added Tax 2024;
- Rubber latex in crepe, sheet, bun, or crumb form; nets, twine, and fibers for weaving fishing nets;
- Products made from jute, rush, bamboo, rattan, leaves, straw, coconut shell, water hyacinth, and other handicraft products produced from reused agricultural materials; cotton fibers that have undergone coarse or fine combing; newspaper printing paper;
- Fishing vessels for exploitation in vtv5 trực tiếp bóng đá hôm nay sea; machinery, specialized equipment for agricultural production as prescribed by vtv5 trực tiếp bóng đá hôm nay Government of Vietnam;
- Medical equipment as prescribed by vtv5 trực tiếp bóng đá hôm nay law on medical equipment management; preventive and therapeutic medicines; pharmaceutical substances and herbal materials for manufacturing preventive and therapeutic medicines;
- Equipment for teaching and learning, including models, drawings, boards, chalk, rulers, compasses;
- Activities of traditional and folk performing arts;
- Toys for children; all kinds of books, except for those prescribed in Clause 15, Article 5 of vtv5 trực tiếp bóng đá hôm nayLaw on Value Added Tax 2024;
- Scientific and technological services as prescribed by vtv5 trực tiếp bóng đá hôm nay Law on Science and Technology;
- Sale, lease, lease-purchase of social housing as prescribed by vtv5 trực tiếp bóng đá hôm nayHousing Law 2023.
What are vtv5 trực tiếp bóng đá hôm nay conditions for VAT refund according to vtv5 trực tiếp bóng đá hôm nay new regulations for business establishments in Vietnam?
Pursuant to Clause 9, Article 15 of vtv5 trực tiếp bóng đá hôm nayLaw on Value Added Tax 2024(effective from July 1, 2025), vtv5 trực tiếp bóng đá hôm nay conditions for a business establishment to receive a VAT refund are as follows:
Value Added Tax Refund
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- A business establishment falling under vtv5 trực tiếp bóng đá hôm nay refund cases prescribed in this Article must meet vtv5 trực tiếp bóng đá hôm nay following conditions:
a) Business establishments eligible for a refund as prescribed in Clauses 1, 2, 3, and 4 of this Article must submit VAT under vtv5 trực tiếp bóng đá hôm nay deduction method, maintain and store accounting records and documentation in accordance with vtv5 trực tiếp bóng đá hôm nay legal regulations on accounting; maintain a bank account registered with vtv5 trực tiếp bóng đá hôm nay tax code of vtv5 trực tiếp bóng đá hôm nay business establishment;
b) Comply with vtv5 trực tiếp bóng đá hôm nay regulations on vtv5 trực tiếp bóng đá hôm nay deduction of input VAT as prescribed in Clause 2, Article 14 and not falling under vtv5 trực tiếp bóng đá hôm nay cases prescribed in Clause 3, Article 14 of this Law;
c) vtv5 trực tiếp bóng đá hôm nay seller has declared and paid VAT for vtv5 trực tiếp bóng đá hôm nay invoice issued to vtv5 trực tiếp bóng đá hôm nay business establishment requesting a refund.
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Additionally, according to vtv5 trực tiếp bóng đá hôm nay provisions in Clauses 2 and 3 of Article 14 of vtv5 trực tiếp bóng đá hôm nayLaw on Value Added Tax 2024(effective from July 1, 2025) regarding vtv5 trực tiếp bóng đá hôm nay deduction of input VAT.
Thus, a business establishment eligible for a VAT refund must meet vtv5 trực tiếp bóng đá hôm nay following conditions:
- Fall under vtv5 trực tiếp bóng đá hôm nay cases eligible for VAT refund as prescribed in Clauses 1, 2, 3, and 4, Article 15 of vtv5 trực tiếp bóng đá hôm nayLaw on Value Added Tax 2024.
- Be a business establishment submitting VAT under vtv5 trực tiếp bóng đá hôm nay deduction method, maintaining and storing accounting records and documentation in accordance with vtv5 trực tiếp bóng đá hôm nay legal regulations on accounting.
- Maintain a bank account registered with vtv5 trực tiếp bóng đá hôm nay tax code of vtv5 trực tiếp bóng đá hôm nay business establishment.
- Meet vtv5 trực tiếp bóng đá hôm nay conditions for input VAT deduction as follows:
+ Have VAT invoices for purchased goods or services or documents of VAT payment at vtv5 trực tiếp bóng đá hôm nay import stage or VAT payment certificates on behalf of overseas parties as prescribed in Clauses 3 and 4, Article 4 of vtv5 trực tiếp bóng đá hôm nayLaw on Value Added Tax 2024. vtv5 trực tiếp bóng đá hôm nay Minister of Finance prescribes VAT payment certificates on behalf of overseas parties;
+ Have non-cash payment documents for purchased goods or services, except for certain special cases as prescribed by vtv5 trực tiếp bóng đá hôm nay Government of Vietnam;
+ For export goods or services, in addition to vtv5 trực tiếp bóng đá hôm nay conditions prescribed at Points a and b, Clause 2, Article 14 of vtv5 trực tiếp bóng đá hôm nayLaw on Value Added Tax 2024, must also have: signed contracts with foreign parties for vtv5 trực tiếp bóng đá hôm nay sale, processing of goods, provision of services; sales invoices for goods or services; non-cash payment documents; customs declarations for export goods; packing slips, bills of lading, and insurance documents for goods (if any). vtv5 trực tiếp bóng đá hôm nay Government of Vietnam prescribes vtv5 trực tiếp bóng đá hôm nay conditions for deduction concerning exports through overseas e-commerce platforms and several other special cases.
- Not falling under vtv5 trực tiếp bóng đá hôm nay case of a business establishment not meeting vtv5 trực tiếp bóng đá hôm nay conditions for input VAT deduction and invoices, documents created from prohibited acts under vtv5 trực tiếp bóng đá hôm nayLuật Thuế giá trị trực tiếp.
- vtv5 trực tiếp bóng đá hôm nay seller has declared and paid VAT for vtv5 trực tiếp bóng đá hôm nay invoices issued to vtv5 trực tiếp bóng đá hôm nay business establishment requesting a refund.
