Shall motorcycles under 125cc be eligible for a VAT reduction in Vietnam in xem bóng đá trực tiếp trên youtube first 6 months of 2025?

Shall motorcycles under 125cc be eligible for a VAT reduction in Vietnamin xem bóng đá trực tiếp trên youtube first 6 months of 2025?

Based on Article 11 ofCircular 219/2013/TT-BTCwhich stipulates xem bóng đá trực tiếp trên youtube cases for applying xem bóng đá trực tiếp trên youtube 10% value-added tax rate as follows:

10% Tax Rate

A 10% tax rate applies to goods and services not stipulated in Articles 4, 9, and 10 of this Circular.

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In conjunction with xem bóng đá trực tiếp trên youtube regulations in Articles 4, 9, and 10 ofCircular 219/2013/TT-BTC, which define xem bóng đá trực tiếp trên youtube subjects that are exempt from value-added tax and cases applying xem bóng đá trực tiếp trên youtube 0%, 5% tax rates, motorcycles with engines from 125cc or less will be subject to a 10% tax rate.

However, based on Article 1 ofDecree 180/2024/ND-CPwhich provides for xem bóng đá trực tiếp trên youtube VAT reduction as follows:

VAT reduction

1. Reduce value-added tax for goods and services currently applying xem bóng đá trực tiếp trên youtube 10% tax rate, excluding xem bóng đá trực tiếp trên youtube following goods and service groups:

a) Telecommunications, financial, banking, securities, insurance operations, real estate business, metals, and fabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products. Details in Appendix I attached to this Decree.

b) Goods and services subject to special consumption tax. Details in Appendix II attached to this Decree.

c) Information technology according to information technology law. Details in Appendix III attached to this Decree.

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2. Value-Added Tax Reduction Rate

a) Businesses calculating value-added tax by xem bóng đá trực tiếp trên youtube deduction method may apply xem bóng đá trực tiếp trên youtube value-added tax rate of 8% for goods and services stipulated in Clause 1 of this Article.

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Additionally, xem bóng đá trực tiếp trên youtube lists in Appendices 1, 2, 3 ofDecree 180/2024/ND-CPdo not include motorcycles under 125cc.

And, based on Article 2 ofDecree 180/2024/ND-CPregarding xem bóng đá trực tiếp trên youtube effective date of xem bóng đá trực tiếp trên youtube VAT reduction decree as follows:

Implementation Effectiveness and Organization

1. This Decree takes effect from January 1, 2025, to xem bóng đá trực tiếp trên youtube end of June 30, 2025.

2. Ministries according to their functions, tasks, and People's Committees of provinces, cities under xem bóng đá trực tiếp trên youtube central government shall direct relevant agencies to carry out publicity, guidance, inspection, and supervision to ensure consumers understand and benefit from xem bóng đá trực tiếp trên youtube value-added tax reduction stipulated in Article 1 of this Decree, focusing on solutions to stabilize xem bóng đá trực tiếp trên youtube supply and demand of goods and services under xem bóng đá trực tiếp trên youtube tax reduction subject to maintain price stability (excluding xem bóng đá trực tiếp trên youtube value-added tax) from January 1, 2025, to xem bóng đá trực tiếp trên youtube end of June 30, 2025.

3. In case of difficulties during implementation, xem bóng đá trực tiếp trên youtube Ministry of Finance is assigned to guide and resolve.

4. Ministers, heads of ministerial-level agencies, heads of agencies attached to xem bóng đá trực tiếp trên youtube Government of Vietnam, Presidents of People's Committees of provinces, cities under xem bóng đá trực tiếp trên youtube central government, and relevant enterprises, organizations, individuals are responsible for implementing this Decree.

Thus, from xem bóng đá trực tiếp trên youtube first 6 months of 2025, from January 1, 2025, to June 30, 2025, motorcycles under 125cc will receive a VAT reduction and will be subject to a tax rate of 8%.

Shall motorcycles under 125cc be eligible for a VAT reduction in Vietnam in xem bóng đá trực tiếp trên youtube first 6 months of 2025?(Image from xem bóng đá trực tiếp trên youtube Internet)

What are regulations onvalue-added tax payers in Vietnam?

Based on Article 3 ofCircular 219/2013/TT-BTC, xem bóng đá trực tiếp trên youtube entities subject to value-added tax include organizations and individuals producing, trading goods, services subject to value-added tax in Vietnam, regardless of xem bóng đá trực tiếp trên youtube industry, form, or business organization (hereinafter referred to as "business establishments") and organizations, individuals importing goods, purchasing services from abroad subject to value-added tax (hereinafter referred to as "importers") including:

- Business organizations established and registered under xem bóng đá trực tiếp trên youtubeLuật xoilac tv trực tiếp, Luật trực tiếp bóng đá k+and other specialized business laws;

- Economic organizations of political organizations, socio-political organizations, social organizations, professional social organizations, people's armed forces units, career organizations, and other organizations;

- Foreign-invested enterprises and foreign parties participating in business cooperation under xem bóng đá trực tiếp trên youtube Investment Law; foreign organizations, individuals doing business in Vietnam but not establishing a legal entity in Vietnam;

- Individuals, households, independent business groups, and other entities with production, business, import activities;

- Organizations and individuals conducting business in Vietnam purchasing services (including cases of purchasing services attached to goods) from foreign organizations without a permanent establishment in Vietnam, individuals abroad as non-resident in Vietnam, xem bóng đá trực tiếp trên youtube purchasing organization or individual is xem bóng đá trực tiếp trên youtube taxpayer, except for cases where tax declaration and payment guidance is not required as per Clause 2 of Article 5 inCircular 219/2013/TT-BTC.

Regulations on permanent establishment and non-resident entities are in accordance with xem bóng đá trực tiếp trên youtube corporate income tax law and xem bóng đá trực tiếp trên youtube personal income tax law.

- Branches of export processing enterprises established to trade goods and conduct directly related activities in Vietnam under xem bóng đá trực tiếp trên youtube laws on industrial parks, export processing zones, and economic zones.

What are procedures forimplementing xem bóng đá trực tiếp trên youtube VAT reduction for motorcycles under 125cc in Vietnam?

Based on Clause 3, Article 1 ofDecree 180/2024/ND-CPregarding xem bóng đá trực tiếp trên youtube procedures for implementing xem bóng đá trực tiếp trên youtube VAT reduction for motorcycles under 125cc as follows:

- For business establishments stipulated in point a, Clause 2, Article 1 ofDecree 180/2024/ND-CP, when issuing a value-added tax invoice for supplying motorcycles under 125cc, indicate “8%” in xem bóng đá trực tiếp trên youtube VAT rate line; xem bóng đá trực tiếp trên youtube VAT amount; xem bóng đá trực tiếp trên youtube total amount xem bóng đá trực tiếp trên youtube buyer must pay.

Based on xem bóng đá trực tiếp trên youtube value-added tax invoice, xem bóng đá trực tiếp trên youtube business establishment selling motorcycles under 125cc declares output value-added tax, and xem bóng đá trực tiếp trên youtube business establishment buying motorcycles under 125cc declares input value-added tax deduction according to xem bóng đá trực tiếp trên youtube reduced tax amount indicated on xem bóng đá trực tiếp trên youtube VAT invoice.