lịch trực tiếp bóng đá hôm nayShall sellers issue invoices when selling goods used for promotion in Vietnam?

Shall sellers issue invoices when selling goods used for promotion in Vietnam?

Pursuant to Clause 1, Article 4 ofDecree 123/2020/ND-CPregulating lịch trực tiếp bóng đá hôm nay principles of preparing, managing, and using invoices and documents as follows:

Principles of preparing, managing, and using invoices and documents

1. When selling goods or providing services, lịch trực tiếp bóng đá hôm nay seller must prepare an invoice to hand over to lịch trực tiếp bóng đá hôm nay buyer (including cases where goods, services**are used for promotion, advertising, sampling; goods, services used for giving, gifting, exchanging, paying wages to employees and internal consumption (except for internally transferred goods to continue production); goods exported in lịch trực tiếp bóng đá hôm nay form of loans, borrowings, or returns) and must fully record lịch trực tiếp bóng đá hôm nay content as specified in Article 10 of this Decree. If using electronic invoices, they must follow lịch trực tiếp bóng đá hôm nay standard data format of lịch trực tiếp bóng đá hôm nay tax authority as prescribed in Article 12 of this Decree.

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Thus, promotional goods must have tax invoices prepared as regulated.

Shall sellers issue invoices when selling goods used for promotion in Vietnam? (Image from lịch trực tiếp bóng đá hôm nay Internet)

When is lịch trực tiếp bóng đá hôm nay time for calculating VATin Vietnam?

According to lịch trực tiếp bóng đá hôm nay provisions of Article 8 ofCircular 219/2013/TT-BTC, lịch trực tiếp bóng đá hôm nay time for calculating VAT is specifically guided as follows:

- For lịch trực tiếp bóng đá hôm nay sale of goods, it is lịch trực tiếp bóng đá hôm nay time of transferring ownership or usage rights of lịch trực tiếp bóng đá hôm nay goods to lịch trực tiếp bóng đá hôm nay buyer, regardless of whether lịch trực tiếp bóng đá hôm nay money has been collected or not.

- For providing services, it is lịch trực tiếp bóng đá hôm nay time of completing lịch trực tiếp bóng đá hôm nay provision of services or lịch trực tiếp bóng đá hôm nay time of issuing lịch trực tiếp bóng đá hôm nay service provision invoice, regardless of whether lịch trực tiếp bóng đá hôm nay money has been collected or not.

For telecommunications services, it is lịch trực tiếp bóng đá hôm nay time of completing lịch trực tiếp bóng đá hôm nay reconciliation of service connection charges according to lịch trực tiếp bóng đá hôm nay economic contract between telecommunications service providers, but no later than 2 months from lịch trực tiếp bóng đá hôm nay month lịch trực tiếp bóng đá hôm nay service connection charges arise.

- For electricity and clean water supply activities, it is lịch trực tiếp bóng đá hôm nay date of recording lịch trực tiếp bóng đá hôm nay consumption index on lịch trực tiếp bóng đá hôm nay meter for billing purposes.

- For real estate business, infrastructure construction, house construction for sale, transfer, or lease, it is lịch trực tiếp bóng đá hôm nay time of collecting money according to lịch trực tiếp bóng đá hôm nay project's implementation progress or lịch trực tiếp bóng đá hôm nay payment schedule recorded in lịch trực tiếp bóng đá hôm nay contract.

Based on lịch trực tiếp bóng đá hôm nay collected amount, lịch trực tiếp bóng đá hôm nay business establishments declare lịch trực tiếp bóng đá hôm nay output VAT incurred during lịch trực tiếp bóng đá hôm nay period.

- For construction, installation, including ship assembly, it is lịch trực tiếp bóng đá hôm nay time of acceptance, handover of lịch trực tiếp bóng đá hôm nay project, project components, or completed construction volume, regardless of whether lịch trực tiếp bóng đá hôm nay money has been collected or not.

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

Shall a business establishment receiving money from another entity to provide a service such as sales promotiondeclare value-added tax in Vietnam?

According to Clause 1, Article 5 ofCircular 219/2013/TT-BTCregulating cases where declaration, calculation, and payment of VAT are not required as follows:

Cases where declaration, calculation, and payment of VAT are not required

1. Organizations and individuals receiving compensation in money (including compensation for land and assets on land when land is recovered according to lịch trực tiếp bóng đá hôm nay decision of lịch trực tiếp bóng đá hôm nay competent state authority), bonuses, support money, emission rights transfer proceeds, and other financial receipts.

Business establishments receiving compensation, bonuses, support money, emission rights transfer proceeds, and other financial receipts shall issue receipts according to regulations. lịch trực tiếp bóng đá hôm nay business establishments disbursing lịch trực tiếp bóng đá hôm nay money shall issue payment documents according to lịch trực tiếp bóng đá hôm nay purpose of lịch trực tiếp bóng đá hôm nay disbursement.

In cases of compensation in lịch trực tiếp bóng đá hôm nay form of goods or services, lịch trực tiếp bóng đá hôm nay compensating establishment must issue an invoice and declare, calculate, and pay VAT as for lịch trực tiếp bóng đá hôm nay sale of goods, services; lịch trực tiếp bóng đá hôm nay establishment receiving compensation shall declare and deduct VAT as prescribed.

In cases where business establishments receive money from organizations or individuals to perform services for organizations or individuals such as repairs, warranties, promotions, advertisements, they must declare and pay tax as prescribed.

Example 10: P&C LLC receives interest from buying bonds and dividends from buying stocks of other businesses. P&C LLC is not required to declare or pay VAT for lịch trực tiếp bóng đá hôm nay interest from buying bonds and lịch trực tiếp bóng đá hôm nay dividends received.

Example 11: Company A receives compensation of 50 million VND from Company B for contract cancellation. Company A issues a receipt and is not required to declare or pay VAT for this amount.

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Thus, according to lịch trực tiếp bóng đá hôm nay above regulation, if a business establishment receives money from another entity to provide a service such as sales promotion, it must declare value-added tax.