Vietnam: What do supplementary documents vtv2 trực tiếp bóng đá hôm nay input VAT credit include from July 1, 2025?

Vietnam: What do supplementary documents vtv2 trực tiếp bóng đá hôm nay input VAT creditinclude from July 1, 2025?

Based on Clause 2, Article 14 of theLaw on Value Added Tax 2024stipulating

Input VAT credit

...

Conditions vtv2 trực tiếp bóng đá hôm nay input VAT credit are specified as follows:

a) There must be a VAT invoice vtv2 trực tiếp bóng đá hôm nay purchased goods and services or a document vtv2 trực tiếp bóng đá hôm nay paying VAT at the importation stage or a document vtv2 trực tiếp bóng đá hôm nay paying VAT on behalf of foreign entities as stipulated in Clauses 3 and 4, Article 4 of this Law. The Minister of Finance stipulates the documents vtv2 trực tiếp bóng đá hôm nay paying VAT on behalf of foreign entities;

b) There must be non-cash payment documents vtv2 trực tiếp bóng đá hôm nay purchased goods and services, except vtv2 trực tiếp bóng đá hôm nay some specific cases as regulated by the Government of Vietnam;

c) vtv2 trực tiếp bóng đá hôm nay exported goods and services, in addition to the conditions stipulated at Points a and b of this clause, the following are also required: a signed contract with a foreign entity vtv2 trực tiếp bóng đá hôm nay selling, processing goods, or providing services; sales or service provision invoices; non-cash payment documents; customs declarations vtv2 trực tiếp bóng đá hôm nay exported goods; packing slips, bills of lading, and insurance documents vtv2 trực tiếp bóng đá hôm nay goods (if any). The Government of Vietnam specifies the deduction conditions vtv2 trực tiếp bóng đá hôm nay cases of exporting goods through foreign e-commerce platforms and some other specific cases.

3. Business entities not meeting the deduction conditions stated in Clauses 1 and 2 of this Article and invoices, documents made from prohibited acts under this Law, are not entitled to deduct VAT.

4. The Government of Vietnam provides detailed regulations on this Article.

And based on Clause 2, Article 12 of theLaw on Value Added Tax 2008as amended by Clause 6, Article 1 of theAmended Law on Value Added Tax 2013stipulating:

Input VAT credit

...

Conditions vtv2 trực tiếp bóng đá hôm nay input VAT credit are specified as follows:

a) There must be a VAT invoice vtv2 trực tiếp bóng đá hôm nay purchased goods and services or a document vtv2 trực tiếp bóng đá hôm nay paying VAT at the importation stage;

b) There must be non-cash payment documents vtv2 trực tiếp bóng đá hôm nay purchased goods and services, except vtv2 trực tiếp bóng đá hôm nay goods and services purchased each time with a value of less than twenty million dong;

c) vtv2 trực tiếp bóng đá hôm nay exported goods and services, in addition to the conditions stipulated at Points a and b of this clause, the following are also required: a signed contract with a foreign entity vtv2 trực tiếp bóng đá hôm nay selling, processing goods, or providing services; sales or service provision invoices; non-cash payment documents; customs declarations vtv2 trực tiếp bóng đá hôm nay exported goods.

Payment vtv2 trực tiếp bóng đá hôm nay exported goods and services in the form of offset payment between exported goods, services, and imported goods, services, replacement debt payment vtv2 trực tiếp bóng đá hôm nay the State is considered non-cash payment.

Thus, based on the regulations mentioned above, the additional documents vtv2 trực tiếp bóng đá hôm nay input VAT credit from July 1, 2025, will be packing slips, bills of lading, and insurance documents vtv2 trực tiếp bóng đá hôm nay goods (if any) vtv2 trực tiếp bóng đá hôm nay export goods and services that can be used vtv2 trực tiếp bóng đá hôm nay input VAT credit.

Vietnam: What do supplementary documents vtv2 trực tiếp bóng đá hôm nay input VAT credit include from July 1, 2025?(Image from the Internet)

What are regulations onVAT credit method in Vietnamfrom July 1, 2025?

Based on Clause 1, Article 11 of theLaw on Value Added Tax 2024regulating the VAT credit method from July 1, 2025, as follows:

- The payable VAT amount according to the deduction method is the output VAT minus the deductible input VAT;

- The output VAT amount is the total VAT of goods and services sold as recorded on VAT invoices.

The VAT of goods and services sold as recorded on VAT invoices is the taxable price of goods and services subjected to sales tax multiplied by the VAT rate of those goods and services.

If invoices are used showing the payment price inclusive of VAT, the output VAT is determined by the payment price minus the VAT calculation price determined in accordance with point k, Clause 1, Article 7 of theLaw on Value Added Tax 2024

- The deductible input VAT is the total VAT recorded on VAT purchase invoices, tax payment documents of imported goods, or tax payment documents vtv2 trực tiếp bóng đá hôm nay cases of purchasing services as stipulated in Clauses 3 and 4, Article 4 of theLaw on Value Added Tax 2024and meeting the conditions prescribed in Article 14 of theLaw on Value Added Tax 2024

What are prohibited actsin VAT credit in Vietnam?

Based on Article 13 of theLaw on Value Added Tax 2024regulating prohibited acts in VAT credit as follows:

- Buying, giving, selling, organizing advertising, brokering the purchase, sale of invoices.

- Creating fake transactions vtv2 trực tiếp bóng đá hôm nay buying, selling goods, providing services, or transactions that are not in conformity with the law.

- Issuing invoices vtv2 trực tiếp bóng đá hôm nay selling goods, providing services during the period of business suspension, except vtv2 trực tiếp bóng đá hôm nay issuing invoices to customers vtv2 trực tiếp bóng đá hôm nay executing contracts signed before the business suspension notice date.

- Using unlawful invoices, documents, or illegally using invoices, documents as stipulated by the Government of Vietnam.

- Failing to transmit electronic invoice data to the tax authority as required.

- Tampering with, misusing, unlawful access, or destroying the information system regarding invoices and documents.

- Offering, receiving, or brokering bribes or performing other actions related to invoices and documents to obtain tax deductions, refunds, tax embezzlement, or evasion.

- Colluding, covering up; colluding between tax officials, tax authorities, business entities, importers, and between business entities, importers in the use of unlawful invoices, documents vtv2 trực tiếp bóng đá hôm nay obtaining tax deductions, refunds, tax embezzlement, or evasion.