trực tiếp bóng đá k+Shall VAT apply to educating activity provision in Vietnam from July 1, 2025?
Shall VATapply to educating activity provision in Vietnamfrom July 1, 2025?
Based on Clause 13, Article 5 of trực tiếp bóng đá k+Law on Value-Added Tax 2024(effective from July 1, 2025), specific provisions regarding non-taxable subjects are as follows:
Non-taxable subjects
...
- Activities of upkeep, repair, construction funded by public contributions, humanitarian aid funds (constituting 50% or more of trực tiếp bóng đá k+ total capital used for trực tiếp bóng đá k+ works) for historical-cultural monuments, scenic spots, cultural works, art works, public utility works, infrastructure, and housing for social policy beneficiaries.
13. Teaching and vocational training activities pursuant to trực tiếp bóng đá k+ provisions of trực tiếp bóng đá k+ laws on education, vocational education.
- Broadcasting via state budget capital.
....
Thus, through trực tiếp bóng đá k+ above provision, educating activity provision according to educational regulations are not subject to value added tax from July 1, 2025.
Shall VAT apply to educating activity provision in Vietnam from July 1, 2025?(Image from trực tiếp bóng đá k+ Internet)
Where is VATpaid? What are trực tiếp bóng đá k+ forms of VAT payment in Vietnam?
Pursuant to Article 56 of trực tiếp bóng đá k+Law on Tax Administration 2019, specific provisions regarding trực tiếp bóng đá k+ location and form of tax payment are as follows:
[1]Taxpayers shall pay tax money into trực tiếp bóng đá k+ state budget according to trực tiếp bóng đá k+ following regulations:
- At trực tiếp bóng đá k+ State Treasury;
- At trực tiếp bóng đá k+ tax administration agency where trực tiếp bóng đá k+ tax return is submitted;
- Through an organization authorized by trực tiếp bóng đá k+ tax administration agency to collect taxes;
- Through commercial banks, other credit institutions, and service organizations as prescribed by law.
[2]trực tiếp bóng đá k+ State Treasury, commercial banks, other credit institutions, and service organizations as prescribed by law are responsible for arranging locations, means, officials, staff to ensure convenience for taxpayers to promptly pay tax money into trực tiếp bóng đá k+ state budget.
[3]Agencies or organizations, when receiving tax money or withholding tax, must issue a tax collection voucher to trực tiếp bóng đá k+ taxpayer.
[4]Within 08 working hours from trực tiếp bóng đá k+ time of collecting tax money from trực tiếp bóng đá k+ taxpayer, trực tiếp bóng đá k+ agency or organization receiving trực tiếp bóng đá k+ tax money must transfer it into trực tiếp bóng đá k+ state budget. In trực tiếp bóng đá k+ case of tax collection in cash in remote, island areas or areas with difficult access, trực tiếp bóng đá k+ time limit for transferring tax money into trực tiếp bóng đá k+ state budget follows trực tiếp bóng đá k+ regulations of trực tiếp bóng đá k+ Minister of Finance.
Which entities arethe value-added taxpayers in Vietnam from July 1, 2025?
Based on Article 4 of trực tiếp bóng đá k+Law on Value-Added Tax 2024(effective from July 1, 2025), trực tiếp bóng đá k+ specific provisions regarding VAT payers are as follows:
- Organizations, households, individuals producing, trading goods, services subject to value added tax (hereinafter referred to as business establishments).
- Organizations, individuals importing goods subject to value added tax (hereinafter referred to as importers).
- Organizations, individuals producing, doing business in Vietnam purchasing services (including services associated with goods) from foreign organizations without permanent establishments in Vietnam, individuals abroad not residing in Vietnam, except where specified in Clause 4 and Clause 5, Article 4 of trực tiếp bóng đá k+Law on Value-Added Tax 2024; organizations producing, doing business in Vietnam purchasing goods, services to conduct oil and gas exploration, development activities from foreign organizations without permanent establishments in Vietnam, individuals abroad not residing in Vietnam.
- Overseas suppliers without permanent establishments in Vietnam engaged in e-commerce, digital-based business with organizations, individuals in Vietnam (hereinafter referred to as overseas suppliers); organizations managing overseas digital platforms deducting, paying tax obligations on behalf of overseas suppliers; business entities in Vietnam applying trực tiếp bóng đá k+ credit method of value added tax for purchases from overseas suppliers without permanent establishments in Vietnam through e-commerce channels or digital platforms deducting, paying tax obligations on behalf of overseas suppliers.
- Organizations managing e-commerce platforms, managing digital platforms with payment functions deducting, paying tax on behalf of, declaring deducted tax amounts for business households, individuals trading on e-commerce platforms, digital platforms.
According to trực tiếp bóng đá k+ Law on Value-Added Tax 2024, what is trực tiếp bóng đá k+ timing for determining VAT in Vietnam?
Based on Article 8 of trực tiếp bóng đá k+Law on Value-Added Tax 2024(effective from July 1, 2025), specific provisions regarding trực tiếp bóng đá k+ timing for determining VAT are as follows:
[1]trực tiếp bóng đá k+ timing for determining value added tax is stipulated as follows:
- For goods, it is trực tiếp bóng đá k+ time of transfer of ownership or right to use trực tiếp bóng đá k+ goods to trực tiếp bóng đá k+ buyer or trực tiếp bóng đá k+ time of issuance of trực tiếp bóng đá k+ invoice, regardless of whether money has been collected or not;
- For services, it is trực tiếp bóng đá k+ completion time of providing trực tiếp bóng đá k+ service or trực tiếp bóng đá k+ issuance time of trực tiếp bóng đá k+ service provision invoice, regardless of whether money has been collected or not.
[2]trực tiếp bóng đá k+ timing for determining value added tax for trực tiếp bóng đá k+ following goods, services is stipulated by trực tiếp bóng đá k+ Government of Vietnam:
- Exported goods, imported goods;
- Telecommunication services;
- Insurance business services;
- Electricity supply activities, electricity production activities, clean water supply activities;
- Real estate business activities;
- Construction, installation activities, and oil and gas activities.
