Shall kết quả bóng đá trực tiếp liability be imposed for failing to submit adequate supplementary kết quả bóng đá trực tiếp documents in Vietnam?

Shall kết quả bóng đá trực tiếp liability be imposed for failing to submitadequate supplementary kết quả bóng đá trực tiếp documents in Vietnam?

Pursuant to Article 14 ofDecree 126/2020/ND-CP, taxpayers may be subject to kết quả bóng đá trực tiếp liability imposition by kết quả bóng đá trực tiếp authorities in the following cases:

[1]Failure to perform taxpayer registration as stipulated in Article 33 of theLaw on kết quả bóng đá trực tiếp Administration 2019.

[2]Failure to declare kết quả bóng đá trực tiếp or providing incomplete, untruthful, or inaccurate kết quả bóng đá trực tiếp declarations as stipulated in Article 42 of theLaw on kết quả bóng đá trực tiếp Administration 2019.

[3]Failure to submit supplementary kết quả bóng đá trực tiếp documents upon the request of kết quả bóng đá trực tiếp authorities or submission of incomplete, untruthful, or inaccurate supplementary documents used for determining payable taxes.

[4]Failure to accurately or fully reflect data on accounting books to determine kết quả bóng đá trực tiếp obligations.

[5]Failure to present accounting books, invoices, and necessary documentation related to the determination of kết quả bóng đá trực tiếp calculation factors; failing to determine the payable kết quả bóng đá trực tiếp amount within the prescribed time frame or when the timeframe for kết quả bóng đá trực tiếp inspection or audit at the taxpayer's office has expired.

[6]Failure to comply with the kết quả bóng đá trực tiếp inspection decision within 10 business days from the signing date of the decision, except in cases where the inspection time is deferred as stipulated.

[7]Failure to comply with the kết quả bóng đá trực tiếp audit decision within 15 days from the signing date of the decision, except in cases where the audit time is deferred as stipulated.

[8]Buying, selling, exchanging, and accounting for the value of goods and services not according to normal market transaction values.

[9]Purchasing, exchanging goods, or services using unlawful invoices or improperly using invoices where the goods and services are real according to the determination of investigative, audit, or inspection agencies and have been declared for kết quả bóng đá trực tiếp calculation.

[10]Indicative signs of absconding or dispersing assets to avoid kết quả bóng đá trực tiếp obligations.

[11]Conducting transactions not in accordance with the economic nature or actual occurrences to reduce kết quả bóng đá trực tiếp obligations.

[12]Not complying with the obligations to declare and determine transfer pricing or not providing information as required for kết quả bóng đá trực tiếp management concerning enterprises with transfer pricing transactions.

Thus, if supplementary kết quả bóng đá trực tiếp documents are incomplete, it may fall under one of the cases in which the kết quả bóng đá trực tiếp authority will impose the kết quả bóng đá trực tiếp.

What are cases oftax liability imposition in Vietnam? (Image from the Internet)

What are bases oftax liability impositionin Vietnam?

Pursuant to Article 15 ofDecree 126/2020/ND-CPon the basis for kết quả bóng đá trực tiếp liability imposition as follows:

- Taxpayers are subject to the imposition of each factor related to determining the payable kết quả bóng đá trực tiếp amount.

+ Organizations and individuals will have each factor related to determining the payable kết quả bóng đá trực tiếp amount imposed when they fall into one of the following cases:

++ Through kết quả bóng đá trực tiếp return inspection, the kết quả bóng đá trực tiếp authority has grounds to believe that the taxpayer has not fully or accurately declared the factors to determine the payable kết quả bóng đá trực tiếp amount. The kết quả bóng đá trực tiếp authority has requested the taxpayer to declare supplementary information, but the taxpayer fails to declare or declare inaccurately or untruthfully according to the kết quả bóng đá trực tiếp authority's request.

++ Through inspection of accounting books, invoices, and related documents determining the taxpayer's payable kết quả bóng đá trực tiếp amount. Or through the inspection, verification, and matching of accounting books, invoices, and documents of related organizations or individuals, the kết quả bóng đá trực tiếp authority has grounds to prove that the taxpayer does not accurately or truthfully record the factors used to determine the payable kết quả bóng đá trực tiếp amount.

++ Accounting for the selling price of goods and services not according to the actual payment price reduces taxable revenue, or accounting for the purchase price of goods and raw materials for production and business not according to the actual payment price suitable for the market increases expenses, increasing deductible VAT, reducing payable kết quả bóng đá trực tiếp obligations.

++ Taxpayers submit kết quả bóng đá trực tiếp returns but cannot determine the factors used to calculate taxes or can determine them but cannot self-calculate the payable kết quả bóng đá trực tiếp amount.

++ Falling into one of the cases stipulated in clauses 10, 11, 12, Article 14Decree 126/2020/ND-CP.

+ Basis for kết quả bóng đá trực tiếp liability imposition

++ For taxpayers that are organizations

The basis is the kết quả bóng đá trực tiếp authority’s database and commercial database; valid documentation and audit inspection results; verification results; the minimum average payable kết quả bóng đá trực tiếp amount of three similar business establishments in the same locality, industry, and scale;

If the locality lacks sufficient information on similar business establishments, the information from similar establishments in other localities will be used for imposition per each factor.

++ For individuals transferring, inheriting, or receiving real estate as gifts

The kết quả bóng đá trực tiếp authority imposees the taxable value if the declared value is lower than the normal market transaction value.

The kết quả bóng đá trực tiếp-imposed value must match the normal market transaction value but not be lower than the price set by the provincial or municipal People's Committee at the time the taxable value is determined.

+ For each imposed factor, the kết quả bóng đá trực tiếp authority determines the payable kết quả bóng đá trực tiếp according to current kết quả bóng đá trực tiếp law regulations.

- Taxpayers subject to kết quả bóng đá trực tiếp liability imposition by revenue percentage in accordance with the law, as follows:

+ Organizations paying VAT by direct method and business individuals paying kết quả bóng đá trực tiếp by declaration method are subject to imposed payable kết quả bóng đá trực tiếp by revenue percentage when they fall into one of the cases specified in clauses 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, Article 14Decree 126/2020/ND-CP.

+ Basis for kết quả bóng đá trực tiếp liability imposition

The basis is the kết quả bóng đá trực tiếp authority’s database and commercial database; valid documentation and audit inspection results; verification results; the minimum average revenue of three similar business establishments in the same locality, industry, and scale;

If the locality lacks sufficient information on similar business establishments, the information from similar establishments in other localities with the same natural and economic development conditions will be used to impose taxable revenue.

+ Based on the imposed revenue, the kết quả bóng đá trực tiếp authority determines the payable kết quả bóng đá trực tiếp according to current kết quả bóng đá trực tiếp law regulations.

Who has the authority to impose kết quả bóng đá trực tiếp liability in Vietnam?

Pursuant to Article 16 ofDecree 126/2020/ND-CPon authority, procedures for kết quả bóng đá trực tiếp liability imposition, and issuing kết quả bóng đá trực tiếp liability imposition decisions as follows:

Authority, procedures, and kết quả bóng đá trực tiếp liability imposition decisions

1. Authority for kết quả bóng đá trực tiếp liability imposition

The General Director of the General Department of Taxation, Directors of kết quả bóng đá trực tiếp Departments, and Heads of kết quả bóng đá trực tiếp Sub-Departments have the authority to impose kết quả bóng đá trực tiếp liability.

2. Procedures for kết quả bóng đá trực tiếp liability imposition

a) When imposing a kết quả bóng đá trực tiếp liability imposition, the kết quả bóng đá trực tiếp authority notifies the taxpayer in writing and issues a kết quả bóng đá trực tiếp liability imposition decision. The kết quả bóng đá trực tiếp liability imposition decision must state the reason for the imposition, the basis for the imposition, the imposed kết quả bóng đá trực tiếp amount, and the kết quả bóng đá trực tiếp payment deadline.

b) When a kết quả bóng đá trực tiếp liability imposition is made through kết quả bóng đá trực tiếp inspection or audit, the reason for the imposition, the basis for the imposition, the imposed kết quả bóng đá trực tiếp amount, and the kết quả bóng đá trực tiếp payment deadline must be stated in the kết quả bóng đá trực tiếp inspection or audit report and the kết quả bóng đá trực tiếp authority’s handling decision.

c) If a taxpayer is imposed according to regulations, the kết quả bóng đá trực tiếp authority will impose administrative penalties and calculate late payment interests according to the law.

3. kết quả bóng đá trực tiếp liability imposition decisions

a) When determining a kết quả bóng đá trực tiếp liability imposition, the kết quả bóng đá trực tiếp authority must issue a kết quả bóng đá trực tiếp liability imposition decision according to Form No. 01/ADT in Appendix III issued with this Decree and send it to the taxpayer within three working days from the signing date of the kết quả bóng đá trực tiếp liability imposition decision;

In cases where taxpayers are subject to kết quả bóng đá trực tiếp payment notifications from the kết quả bóng đá trực tiếp authority, the kết quả bóng đá trực tiếp authority does not need to issue a kết quả bóng đá trực tiếp liability imposition decision as stipulated in this clause.

b) Taxpayers must pay the imposed kết quả bóng đá trực tiếp according to the kết quả bóng đá trực tiếp authority’s handling decision. If the taxpayer disagrees with the imposed kết quả bóng đá trực tiếp amount, they must still pay the imposed kết quả bóng đá trực tiếp and have the right to request an explanation from the kết quả bóng đá trực tiếp authority or file a complaint or lawsuit concerning the kết quả bóng đá trực tiếp liability imposition.

Thus, according to the above regulations, the authority to impose kết quả bóng đá trực tiếp liability belongs to the General Director of the General Department of Taxation, Directors of kết quả bóng đá trực tiếp Departments, and Heads of kết quả bóng đá trực tiếp Sub-Departments.