What are amendments to conditions lịch trực tiếp bóng đá hôm nay input VAT deduction in Vietnam from July 1, 2025?
What are amendments toconditions lịch trực tiếp bóng đá hôm nay input VAT deductionin Vietnam from July 1, 2025?
Based on Clause 2, Article 14 of theLaw on Value-Added Tax 2024, which stipulates changes in the conditions lịch trực tiếp bóng đá hôm nay input VAT deduction from July 1, 2025, as follows:
Deduction of Input Value-Added Tax
2. Conditions lịch trực tiếp bóng đá hôm nay deducting input value-added tax are stipulated as follows:
a) Have a value-added tax invoice lịch trực tiếp bóng đá hôm nay purchasing goods or services or documentation of value-added tax payment at the importation stage or value-added tax payment documentation on behalf of the foreign party as specified in Clauses 3 and 4, Article 4 of this Law. The Minister of Finance will determine the documentation lịch trực tiếp bóng đá hôm nay paying value-added tax on behalf of the foreign party;
b) Have non-cash payment documents lịch trực tiếp bóng đá hôm nay purchased goods and services, except lịch trực tiếp bóng đá hôm nay certain special cases as regulated by the Government of Vietnam;
c) lịch trực tiếp bóng đá hôm nay exported goods and services, in addition to the conditions specified in Points a and b of this Clause, there must also be: a contract signed with the foreign party lịch trực tiếp bóng đá hôm nay the sale, processing of goods, or provision of services; an invoice lịch trực tiếp bóng đá hôm nay selling goods or services; non-cash payment documentation; customs declaration lịch trực tiếp bóng đá hôm nay exported goods; packing slip, bill of lading, insurance documentation (if any). The Government of Vietnam regulates the conditions lịch trực tiếp bóng đá hôm nay deduction concerning the export of goods through e-commerce platforms overseas and several other special cases.
3. Any business entity not meeting the conditions lịch trực tiếp bóng đá hôm nay VAT deduction outlined in Clauses 1 and 2 of this Article and having invoices and documents created from prohibited acts described in this Law shall not be eligible lịch trực tiếp bóng đá hôm nay value-added tax deduction.
4. The Government of Vietnam provides detailed regulations lịch trực tiếp bóng đá hôm nay this Article.
Additionally, based on Clause 2, Article 12 of theLaw on Value-Added Tax 2008, amended by Clause 6, Article 1 of theAmended Law on Value-Added Tax 2013, stipulates as follows:
Deduction of Input Value-Added Tax
...
Conditions lịch trực tiếp bóng đá hôm nay deducting input value-added tax are stipulated as follows:
a) Have a value-added tax invoice lịch trực tiếp bóng đá hôm nay purchasing goods or services or documentation of value-added tax payment at the importation stage;
b) Have non-cash payment documents lịch trực tiếp bóng đá hôm nay purchased goods and services, except lịch trực tiếp bóng đá hôm nay purchases per incident valued under twenty million VND;
c) lịch trực tiếp bóng đá hôm nay exported goods and services, in addition to the conditions specified in Points a and b of this Clause, there must also be: a contract signed with the foreign party lịch trực tiếp bóng đá hôm nay the sale, processing of goods, or provision of services; sales invoice lịch trực tiếp bóng đá hôm nay goods and services; non-cash payment documentation; customs declaration lịch trực tiếp bóng đá hôm nay exported goods.
Payment lịch trực tiếp bóng đá hôm nay exported goods and services in the form of set-off against imported goods and services or paying debts on behalf of the state is considered non-cash payment.
Thus, from July 1, 2025, the conditions lịch trực tiếp bóng đá hôm nay input VAT deduction will change as follows:
- Additional cases require documentation of value-added tax payment at the importation stage or VAT payment documentation on behalf of the foreign party as specified in Clauses 3 and 4, Article 4 of theLaw on Value-Added Tax 2024.
- Goods and services purchased per incident valued under 20 million VND must have non-cash payment documentation to be eligible lịch trực tiếp bóng đá hôm nay input VAT deduction, unlike the current situation where it is not required.
- Packing slip, bill of lading, and insurance documentation (if any) are added to the required documentation lịch trực tiếp bóng đá hôm nay exported goods and services when input VAT deduction.
What are amendments to conditions lịch trực tiếp bóng đá hôm nay input VAT deduction in Vietnam from July 1, 2025?(Image from the Internet)
What are prohibited acts in VAT deduction in Vietnam from July 1, 2025?
Prohibited actions in VAT deduction and refund are stipulated in Article 13 of theLaw on Value-Added Tax 2024, which outlines prohibited actions in VAT deduction from July 1, 2025, including:
- Buying, gifting, selling, advertising, brokering the purchase and sale of invoices.
- Creating fake transactions lịch trực tiếp bóng đá hôm nay the purchase of goods and services or transactions not conformable to the law.
- Issuing invoices lịch trực tiếp bóng đá hôm nay goods and services during a temporary business suspension, except lịch trực tiếp bóng đá hôm nay issuing invoices to customers to perform contracts signed before the business suspension notice.
- Using illegal invoices and documents, or illegally using invoices and documents as per the Government of Vietnam's regulations.
- Failing to transfer electronic invoice data to the tax authority as required.
- Altering, misusing, unauthorized access, or destroying information systems related to invoices and documents.
- Bribing or engaging in other acts related to invoices and documents to get tax deductions, refunds, claim tax money, or evade value-added tax.
- Colluding, covering up; connecting tax management officials, tax management agencies and business entities, importers, or between business entities and importers in using illegal invoices and documents to get tax deductions, refunds, claim tax money, or evade value-added tax.
What is the time lịch trực tiếp bóng đá hôm nay calculating VATin Vietnam from July 1, 2025?
Based on Article 8 of theLaw on Value-Added Tax 2024, which regulates the time lịch trực tiếp bóng đá hôm nay calculating VAT in 2024 as follows:
- The point of value-added tax determination is stipulated as follows:
+ lịch trực tiếp bóng đá hôm nay goods, it is the point of transfer of ownership or use rights to the purchaser or the point of invoice issuance, regardless of whether payment has been received or not;
+ lịch trực tiếp bóng đá hôm nay services, it is the completion of service provision or the point of service invoice issuance, regardless of whether payment has been received or not.
- The point of value-added tax determination lịch trực tiếp bóng đá hôm nay the following goods and services is as regulated by the Government of Vietnam:
+ Exported and imported goods;
+ Telecommunication services;
+ Insurance business services;
+ Electricity supply, electricity, and clean water production activities;
+ Real estate business activities;
+ Construction, installation, and petroleum activities.
