Vietnam: Are entities which are not household businesses allowed to calculate vtv2 trực tiếp bóng đá hôm nay under periodic declarations?

Vietnam: Areentities which are nothousehold businesses allowed to calculatetaxunder periodic declarations?

According to Article 5 ofCircular 40/2021/TT-BTC, which guides on value-added vtv2 trực tiếp bóng đá hôm nay, personal income vtv2 trực tiếp bóng đá hôm nay, and vtv2 trực tiếp bóng đá hôm nay management for household businesses and individual businesses issued by the Minister of Finance, it is stipulated as follows:

vtv2 trực tiếp bóng đá hôm nay calculation method for household businesses and individual businesses paying vtv2 trực tiếp bóng đá hôm nay according to the declaration method

1. The declaration method applies to large-scale household businesses and individual businesses; and household businesses and individual businesses not yet meeting the large-scale criteria but opting to pay vtv2 trực tiếp bóng đá hôm nay according to the declaration method.

2. Household businesses and individual businesses paying vtv2 trực tiếp bóng đá hôm nay by declaration method shall declare vtv2 trực tiếp bóng đá hôm nay monthly, except for new household businesses and individual businesses and those meeting the criteria for quarterly vtv2 trực tiếp bóng đá hôm nay declaration, as provided in Article 9 of Decree No. 126/2020/ND-CP dated October 19, 2020, of the Government of Vietnam.

3. If household businesses and individual businesses paying vtv2 trực tiếp bóng đá hôm nay by the declaration method determine that the taxable revenue is inconsistent with reality, the vtv2 trực tiếp bóng đá hôm nay authority shall impose taxable revenue according to Article 50 of the Law on vtv2 trực tiếp bóng đá hôm nay Administration.

4. Household businesses and individual businesses paying vtv2 trực tiếp bóng đá hôm nay by declaration method must comply with accounting, invoice, and voucher policies. Household businesses and individual businesses in fields or industries where revenue can be determined based on confirmations from competent authorities are not required to implement accounting policies.

5. Household businesses and individual businesses paying vtv2 trực tiếp bóng đá hôm nay by declaration method are not required to finalize their vtv2 trực tiếp bóng đá hôm nay.

This stipulation explains the declaration method applicable to large-scale household businesses and individual businesses, as well as those not meeting large-scale criteria but choosing to pay vtv2 trực tiếp bóng đá hôm nay by declaration method.

Therefore, in the above case, even if not establishing a household business, this method can still be applied as long as the individual operates on a large scale or chooses to pay vtv2 trực tiếp bóng đá hôm nay according to the declaration method.

Vietnam: Are entities which are not household businesses allowed to calculate vtv2 trực tiếp bóng đá hôm nay under periodic declarations?(Image from the Internet)

Whichindividual businesses shall declare vtv2 trực tiếp bóng đá hôm nay separately in Vietnam?

According to Article 6 ofCircular 40/2021/TT-BTC, which guides on value-added vtv2 trực tiếp bóng đá hôm nay, personal income vtv2 trực tiếp bóng đá hôm nay, and vtv2 trực tiếp bóng đá hôm nay management for household businesses and individual businesses issued by the Minister of Finance, it is stipulated as follows:

vtv2 trực tiếp bóng đá hôm nay calculation method for individual businesses paying vtv2 trực tiếp bóng đá hôm nay per occurrence

1. The vtv2 trực tiếp bóng đá hôm nay declaration method per occurrence is applied to non-regular individual businesses without a fixed business location. Non-regular business is determined based on the characteristics of each field or industry and is self-identified by individuals to choose the vtv2 trực tiếp bóng đá hôm nay declaration method according to guidance in this Circular. A fixed business location is where individuals conduct production or business activities, such as a transaction location, store, factory, warehouse, wharf, or other similar places.

2. Individual businesses paying vtv2 trực tiếp bóng đá hôm nay per occurrence include:

a) Mobile individual businesses;

b) Individuals acting as private construction contractors;

c) Individuals transferring Vietnam national internet domain names “.vn”;

d) Individuals earning income from digital content products and services if not opting to pay vtv2 trực tiếp bóng đá hôm nay according to the declaration method.

3. Individuals paying vtv2 trực tiếp bóng đá hôm nay per occurrence are not required to implement accounting policies but must keep invoices, vouchers, contracts, files proving legal goods and services, and present them with the vtv2 trực tiếp bóng đá hôm nay declaration file per occurrence.

4. Individual businesses paying vtv2 trực tiếp bóng đá hôm nay per occurrence shall declare vtv2 trực tiếp bóng đá hôm nay whenever taxable revenue arises.

For this method, it does not depend on the field or industry of operation but applies to non-regular individual businesses without a fixed business location as described above, and vtv2 trực tiếp bóng đá hôm nay declaration should be conducted per this manner.

What are general regulations regarding the vtv2 trực tiếp bóng đá hôm nay rate on revenue for individual businesses in Vietnam?

Pursuant to Clause 2, Article 10 ofCircular 40/2021/TT-BTC, the vtv2 trực tiếp bóng đá hôm nay rate on revenue is prescribed as follows:

- The vtv2 trực tiếp bóng đá hôm nay rate on revenue includes the VAT rate and personal income vtv2 trực tiếp bóng đá hôm nay rate applied in detail for each field or industry as instructed in Appendix I attached to this Circular.

- In cases where household businesses and individual businesses operate in multiple fields or industries, they shall declare and calculate taxes according to the vtv2 trực tiếp bóng đá hôm nay rate on revenue applied to each field or industry. If household businesses and individual businesses cannot determine taxable revenue of each field or industry or determine it inconsistently with actual business, the vtv2 trực tiếp bóng đá hôm nay authority shall impose taxable revenue for each field or industry according to legal regulations on vtv2 trực tiếp bóng đá hôm nay administration.