What are cases of exemption declaring kết quả bóng đá trực tiếp paying value-added tax in Vietnam?
What are cases of exemption declaring kết quả bóng đá trực tiếp paying value-added tax in Vietnam?
According to Article 5 ofCircular 219/2013/TT-BTCsupplemented by Clause 1, Article 3 ofCircular 119/2014/TT-BTC, the cases exempt from declaring kết quả bóng đá trực tiếp calculating value-added tax (VAT) include the following:
(1) Organizations kết quả bóng đá trực tiếp individuals receiving monetary compensation (including compensation for land kết quả bóng đá trực tiếp assets on land upon expropriation per decision by a competent state authority), rewards, support, transfer of emission rights, kết quả bóng đá trực tiếp other financial receipts.
Business establishments receiving monetary compensation, rewards, support, transfer of emission rights, kết quả bóng đá trực tiếp other financial receipts must prepare receipts as prescribed. For business establishments disbursing funds, documents must be prepared based on the disbursement purpose.
In the case of compensation in goods or services, the compensating establishment must issue invoices kết quả bóng đá trực tiếp declare, calculate, kết quả bóng đá trực tiếp pay VAT as for selling goods or services; the compensated establishment declares kết quả bóng đá trực tiếp deducts according to regulations.
If a business establishment receives money from an organization or individual to provide services for such organization or individual like repairs, warranties, promotions, advertising, VAT must be declared kết quả bóng đá trực tiếp paid as prescribed.
(2) Organizations kết quả bóng đá trực tiếp individuals producing kết quả bóng đá trực tiếp doing business in Vietnam purchasing services from foreign organizations without a permanent establishment in Vietnam, non-resident individuals, including:
- Repair of transportation means, machinery, equipment (including materials kết quả bóng đá trực tiếp replacement parts); advertising kết quả bóng đá trực tiếp marketing;- Investment kết quả bóng đá trực tiếp trade promotion;- Brokerage for selling goods kết quả bóng đá trực tiếp supplying services abroad;- Training;- Sharing postage, international telecommunication services charges between Vietnam kết quả bóng đá trực tiếp abroad where such services are performed outside Vietnam, kết quả bóng đá trực tiếp hiring foreign transmission lines kết quả bóng đá trực tiếp satellite bandwidth according to legal regulations.
(3) Organizations kết quả bóng đá trực tiếp individuals not conducting business or not liable to VAT selling assets.
(4) Organizations kết quả bóng đá trực tiếp individuals transferring investment projects for manufacturing kết quả bóng đá trực tiếp trading taxable goods kết quả bóng đá trực tiếp services to enterprises, cooperatives.
(5) Enterprises, cooperatives applying the deduction method selling agricultural, livestock, aquatic, kết quả bóng đá trực tiếp seafood products in unprocessed form or those that have undergone normal preliminary processing to enterprises, cooperatives at the commercial stage are not required to declare, calculate, kết quả bóng đá trực tiếp pay VAT. On the VAT invoice, the selling price without VAT is recorded, kết quả bóng đá trực tiếp the tax rate kết quả bóng đá trực tiếp VAT are not recorded or crossed out.
Where enterprises kết quả bóng đá trực tiếp cooperatives applying the deduction method sell unprocessed agricultural, livestock, or aquatic products or those that have undergone normal preliminary processing to other entities such as households, individual businesses, kết quả bóng đá trực tiếp other organizations kết quả bóng đá trực tiếp individuals, VAT must be declared kết quả bóng đá trực tiếp calculated at a rate of 5% as guided in Clause 5, Article 10 ofCircular 219/2013/TT-BTC.
Households, individual businesses, enterprises, cooperatives, kết quả bóng đá trực tiếp other economic organizations applying the direct method on VAT when selling unprocessed agricultural, livestock, or aquatic products or those that have undergone normal preliminary processing at the commercial stage must declare kết quả bóng đá trực tiếp calculate VAT at a rate of 1% on revenue.
If unprocessed agricultural, livestock, aquatic products, or those that have undergone normal preliminary processing are sold to enterprises or cooperatives that have issued invoices, declared, kết quả bóng đá trực tiếp calculated VAT, the seller kết quả bóng đá trực tiếp buyer must adjust the invoices to exempt from declaring, calculating, kết quả bóng đá trực tiếp paying VAT as guided in Clause 5, Article 5 ofCircular 219/2013/TT-BTC.
(6) Fixed assets in use kết quả bóng đá trực tiếp depreciated when transferred at the book value between business establishments kết quả bóng đá trực tiếp units fully owned by one business establishment, or among units fully owned by one business establishment for the purpose of producing kết quả bóng đá trực tiếp trading taxable goods kết quả bóng đá trực tiếp services are not required to issue invoices kết quả bóng đá trực tiếp declare kết quả bóng đá trực tiếp pay VAT. The transferring business establishment must have a decision or order to transfer assets along with the origin file of the asset.
If the fixed asset value was re-evaluated or transferred to a business establishment not subject to VAT, VAT invoices must be issued, declared, kết quả bóng đá trực tiếp paid accordingly.
(7) Other cases
Business establishments are not required to declare kết quả bóng đá trực tiếp pay VAT in the following cases:
- Contributing capital using assets to establish enterprises. Contributed assets must have: a capital contribution record for business activities, a joint venture contract, contribution receipt minutes of the valuation council of the contributing parties (or valuation documents from a legally recognized valuation organization), along with the origin file of the assets.
- Transferring assets among dependent cost units within the enterprise; transferring assets when splitting, amalgamating, merging, or converting the type of enterprise. Transferred assets among dependent accounting units within the business; transferred assets when splitting, amalgamating, merging, or converting the type of enterprise, the transferring unit must have an asset transfer order along with the origin file of the assets kết quả bóng đá trực tiếp is not required to issue invoices.
If transferring assets among independent accounting units or among member units with full legal status within the same business establishment, the transferring business establishment must issue VAT invoices kết quả bóng đá trực tiếp declare kết quả bóng đá trực tiếp pay VAT as prescribed, except in cases guided in Clause 6, Article 5 ofCircular 219/2013/TT-BTC.
- Collecting from third parties in insurance activities.
- Collecting on behalf of others not related to the sale of goods kết quả bóng đá trực tiếp services of a business establishment.
- Revenue from goods kết quả bóng đá trực tiếp services sold on consignee basis kết quả bóng đá trực tiếp commission revenue from consignment sales of postal kết quả bóng đá trực tiếp telecommunications services, lottery tickets, airline tickets, automobiles, train tickets, ship tickets, international transportation agency services; agencies of aviation, maritime services subject to 0% VAT; insurance sales agency.
- Revenue from goods kết quả bóng đá trực tiếp services kết quả bóng đá trực tiếp commission revenue from agencies selling goods kết quả bóng đá trực tiếp services exempt from VAT.
- Business establishments are not required to pay VAT on imports in the case of imported goods exported but returned. When business establishments sell these returned goods domestically, they must declare kết quả bóng đá trực tiếp pay VAT as prescribed.
What are basesfor calculating value-added tax in Vietnam?
According to Article 6 ofCircular 219/2013/TT-BTC, the basis for calculating value-added tax is stipulated as follows:
Basis for Tax Calculation
The basis for calculating value-added tax is the taxable value kết quả bóng đá trực tiếp tax rate.
Thus, the calculation of value-added tax is based on the taxable value kết quả bóng đá trực tiếp tax rate.
How many methods are there for calculating value-added tax in Vietnam?
According to Article 9 of theLaw on value-added tax 2008, the methods for tax calculation are as follows:
Tax Calculation Methods
The methods for calculating value-added tax include the credit method kết quả bóng đá trực tiếp the direct method on value addition.
Thus, there are 2 methods for calculating value-added tax:
- The credit method;
- The direct method on value addition.
