Shall businesses leasing out houses to students kết quả bóng đá trực tiếp low-income earners receive a 2% VAT reduction in Vietnam?

Shallbusinesses leasing out houses to students kết quả bóng đá trực tiếp low-income earners receive a 2% VAT reduction in Vietnam?

Pursuant to Point a, Clause 1, Article 1 ofDecree 180/2024/ND-CPprescribing the policy of value-added tax reduction as follows:

Reduction of Value-Added Tax

1. Reduction of value-added tax for groups of goods kết quả bóng đá trực tiếp services currently applying a 10% tax rate, except for the following groups of goods kết quả bóng đá trực tiếp services:

a) Telecommunications, financial activities, banking, securities, insurance, real estate business, metal kết quả bóng đá trực tiếp pre-fabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products. Details in Appendix I issued with this Decree.

b) Goods kết quả bóng đá trực tiếp services subject to special consumption tax. Details in Appendix II issued with this Decree.

c) Information technology under the law on information technology. Details in Appendix III issued with this Decree.

d) The reduction of value-added tax for each type of goods kết quả bóng đá trực tiếp services specified in Clause 1 of this Article is uniformly applied at importation, production, processing, kết quả bóng đá trực tiếp commercial Business stages. For extracted coal sold (including cases where the extracted coal is later sieved, classified according to a closed process before being sold) is subject to value-added tax reduction. Coal goods belong to Appendix I issued with this Decree. They are not eligible for a value-added tax reduction at stages other than the extracted sales stage.

General corporations kết quả bóng đá trực tiếp economic groups implementing closed processes before selling are also subject to value-added tax reduction for extracted coal sold.

In cases of goods kết quả bóng đá trực tiếp services mentioned in Appendices I, II, kết quả bóng đá trực tiếp III issued with this Decree are not subject to value-added tax or are subject to a 5% value-added tax as per the Law on Value-Added Tax, follow the provisions of the Law on Value-Added Tax kết quả bóng đá trực tiếp are not eligible for value-added tax reduction.

2. Level of value-added tax reduction

a) Business establishments calculating value-added tax by the deduction method are subject to an 8% value-added tax rate for goods kết quả bóng đá trực tiếp services specified in Clause 1 of this Article.

Currently, concerning the 2% VAT reduction policy, for goods kết quả bóng đá trực tiếp services listed in the appendix, there will be no tax reduction. Moreover, leasing activities as mentioned above fall under code 681031 in Appendix I, thus not eligible for tax reduction, meaning a 10% tax rate still applies.

Shall businesses leasing out houses to students kết quả bóng đá trực tiếp low-income earners receive a 2% VAT reduction in Vietnam?(Image from Internet)

Shall businesses transferring land in industrial zones be exempfrom VAT in Vietnam?

Pursuant to Clause 6, Article 4 ofCircular 219/2013/TT-BTC, which stipulates as follows:

Entities not subject to VAT

…

2. Products as animal breeds, plant seeds, including breeding eggs, breeding animals, seedlings, seeds, branches, tubers, semen, embryos, genetic materials at the stages of breeding, import kết quả bóng đá trực tiếp commercial business. Products of animal breeds kết quả bóng đá trực tiếp plant seeds which are not subject to VAT are those produced by import, commercial businesses with registered business licenses for animal breeds kết quả bóng đá trực tiếp plant seeds from competent state authorities. For products as animal breeds, plant seeds to which the State has issued standards kết quả bóng đá trực tiếp quality specifications, they must meet the conditions stipulated by the State.

3. Irrigation, drainage; plowing, land preparation; dredging of intrafield canals kết quả bóng đá trực tiếp ditches for agricultural production; services of harvesting agricultural products.

4. Salt products produced from seawater, natural rock salt, refined salt, iodized salt with the main component being NaCl (Sodium Chloride).

5. State-owned houses sold to current tenants.

6. Transfer of land use rights.

7. Life insurance, health insurance, student insurance, other insurance services related to humans; insurance of pets kết quả bóng đá trực tiếp plants, other agricultural insurance services; insurance of ships, boats, equipment kết quả bóng đá trực tiếp other necessary tools directly serving fishery; reinsurance.

..

Therefore, one of the entities not subject to VAT is the Transfer of land use rights. Thus, even businesses transferring transfers of land use rights within industrial zones still benefit from this policy.

What are general regulations on the current place of VAT payment in Vietnam?

Pursuant to Article 20 ofCircular 219/2013/TT-BTC, regulations on the place of VAT payment are as follows:

- Taxpayers declare kết quả bóng đá trực tiếp pay VAT in the locality where they produce or conduct business.

- Taxpayers declaring, paying VAT according to the deduction method with production facilities accounting for dependence located in a province or centrally-run city different from where the headquarters are located must pay VAT in the locality where the production facility is located kết quả bóng đá trực tiếp where the headquarters are situated.

- In cases where businesses, cooperatives applying the direct method have production facilities in a province or city different from where the headquarters are situated, or conduct mobile sales activities out of province, the businesses, cooperatives declare kết quả bóng đá trực tiếp pay VAT according to a percentage on revenue for revenue arising out of the province at the locality where the production facility or where mobile sales occur. Businesses, cooperatives do not pay VAT according to a percentage on revenue at their headquarters for out-of-province revenue that has been declared kết quả bóng đá trực tiếp paid.

- In instances of telecommunications service businesses providing post-paid telecommunications services in a province or city different from where the headquarters are situated kết quả bóng đá trực tiếp forming dependent branches paying VAT according to the deduction method participating in business activities for post-paid telecommunications services in that locality, the telecommunications service business must declare kết quả bóng đá trực tiếp pay VAT for post-paid telecommunications services as follows:

+ Declare VAT for the total revenue of post-paid telecommunications services of the entire business with the tax authority directly managing the headquarters.

+ Pay VAT at the locality where the headquarters is located kết quả bóng đá trực tiếp at the locality where the dependent branch is situated.

The amount of VAT to be paid in the location of the dependent branch is determined by the percentage of 2% (for post-paid telecommunications services subjected to a 10% VAT rate) on revenue (excluding VAT) from post-paid telecommunications services at the location of the dependent branch.

- The declaration kết quả bóng đá trực tiếp payment of VAT are executed according to regulations under the Law on Tax Administration kết quả bóng đá trực tiếp the guiding documents of the Law on Tax Administration.