What are regulations on deductions of excise xem bóng đá trực tiếp vtv2 on biofuel in Vietnam?

What are regulations on deductions of excise xem bóng đá trực tiếp vtv2 on biofuel in Vietnam?

Pursuant to Clause 1, Article 7 ofDecree 108/2015/ND-CP, as amended by Clause 3, Article 1 ofDecree 14/2019/ND-CP, the deduction of excise xem bóng đá trực tiếp vtv2 on biofuel is as follows:

- Taxpayers producing goods subject to excise xem bóng đá trực tiếp vtv2 using materials subject to such xem bóng đá trực tiếp vtv2 shall deduct the excise xem bóng đá trực tiếp vtv2 already paid on imported materials (including taxes paid under xem bóng đá trực tiếp vtv2 assessment decisions by customs authorities, except in cases where customs authorities impose penalties for fraud or xem bóng đá trực tiếp vtv2 evasion) or paid on materials purchased directly from domestic manufacturers when determining the payable excise xem bóng đá trực tiếp vtv2.

The amount of deductible excise xem bóng đá trực tiếp vtv2 corresponds to the excise xem bóng đá trực tiếp vtv2 on materials used to produce goods sold that are subject to excise xem bóng đá trực tiếp vtv2.

Specifically for biofuel:The deductible excise xem bóng đá trực tiếp vtv2 for the xem bóng đá trực tiếp vtv2 declaration period is based on the excise xem bóng đá trực tiếp vtv2 paid or incurred on a unit of materials purchased in the previous adjacent xem bóng đá trực tiếp vtv2 declaration period of mineral oil used for producing biofuel.

For enterprises allowed to produce and blend biofuel, the declaration and deduction of excise xem bóng đá trực tiếp vtv2 are performed at the local xem bóng đá trực tiếp vtv2 authority where the enterprise's headquarters is located. The undeducted excise xem bóng đá trực tiếp vtv2 on mineral oil used for producing or blending biofuel (including undeducted xem bóng đá trực tiếp vtv2 incurred since the xem bóng đá trực tiếp vtv2 declaration period of January 2016) is to be offset against the excise xem bóng đá trực tiếp vtv2 payable on other goods and services arisen in the period. If, after offsetting, there is still an undeducted balance of excise xem bóng đá trực tiếp vtv2 on mineral oil used for producing or blending biofuel, it will be carried forward to the next period or refunded.

The dossier, procedures, and authority for handling the refund of excise xem bóng đá trực tiếp vtv2 are as follows:

- Biofuel production and blending facilities prepare a request for refund of state budget revenue to offset other payable taxes (if any) - Form 01a/DNHT attached to this Decree.

- Biofuel production and blending facilities submit a dossier for refund of undeducted excise xem bóng đá trực tiếp vtv2 to the local xem bóng đá trực tiếp vtv2 office where the enterprise's headquarters is located to be processed according to regulations.

- The xem bóng đá trực tiếp vtv2 authority's responsibility in handling refund dossiers of excise xem bóng đá trực tiếp vtv2 is implemented as stipulated in Article 60 of the Law on xem bóng đá trực tiếp vtv2 Administration and amended, supplemented laws and documents (if any).

- Based on the xem bóng đá trực tiếp vtv2 refund order of the xem bóng đá trực tiếp vtv2 agency, the State Treasury will make a refund of excise xem bóng đá trực tiếp vtv2 on mineral oil used for producing or blending biofuel. The refund of excise xem bóng đá trực tiếp vtv2 is sourced from the central government budget receipts on excise xem bóng đá trực tiếp vtv2.

What are regulations on deductions of excise xem bóng đá trực tiếp vtv2 on biofuel in Vietnam?(Image from Internet)

What are 2 conditions for the deduction of excise xem bóng đá trực tiếp vtv2 in Vietnam?

According to Clause 3, Article 7 ofDecree 108/2015/ND-CP(amended by Clause 3, Article 1 ofDecree 14/2019/ND-CP), the conditions for the deduction of excise xem bóng đá trực tiếp vtv2 are specifically stipulated as follows:

(1)For the case of importing materials subject to excise xem bóng đá trực tiếp vtv2 to produce goods subject to excise xem bóng đá trực tiếp vtv2, and the case of importing goods subject to excise xem bóng đá trực tiếp vtv2, the documents for the deduction of excise xem bóng đá trực tiếp vtv2 are the documents proving payment of excise xem bóng đá trực tiếp vtv2 at the importation stage.

(2)For purchasing materials directly from domestic manufacturers:

- The sales contract must show that the goods are produced directly by the seller; a copy of the Business Registration Certificate of the seller (signed and stamped by the seller).

- Bank payment documentation.

- The document for the deduction of excise xem bóng đá trực tiếp vtv2 is the value-added xem bóng đá trực tiếp vtv2 invoice when purchasing goods.

The excise xem bóng đá trực tiếp vtv2 paid by the purchasing unit when buying materials is determined = taxable price multiplied by the excise xem bóng đá trực tiếp vtv2 rate; where:

The deduction of excise xem bóng đá trực tiếp vtv2 is executed when declaring excise xem bóng đá trực tiếp vtv2, and the payable excise xem bóng đá trực tiếp vtv2 is determined according to the following formula:

*Note:If the exact amount of excise xem bóng đá trực tiếp vtv2 paid (or incurred) on the equivalent materials for the products consumed in the period cannot be accurately determined, previous period data may be used to compute the deductible excise xem bóng đá trực tiếp vtv2 and will be determined based on actual data at the end of the quarter or year.

In any case, the maximum allowable deductible excise xem bóng đá trực tiếp vtv2 does not exceed the excise xem bóng đá trực tiếp vtv2 calculated on the materials based on the technical and economic norms of the product.

Shall the excise xem bóng đá trực tiếp vtv2 be refundable when the paidexcise xem bóng đá trực tiếp vtv2 is higher thanexcise xem bóng đá trực tiếp vtv2 payable in Vietnam?

Pursuant to Clause 4, Article 7 ofCircular 195/2015/TT-BTCas follows:

xem bóng đá trực tiếp vtv2 Refund

...

4. Refund of excise xem bóng đá trực tiếp vtv2 in the Following Cases:

a) Refund according to the decision of the competent authority as prescribed by law.

b) Refund according to international treaties to which the Socialist Republic of Vietnam is a member.

c) Refund when the paid excise xem bóng đá trực tiếp vtv2 exceeds the due excise xem bóng đá trực tiếp vtv2 as stipulated.

Procedures, dossiers, order, and authority for settling excise xem bóng đá trực tiếp vtv2 refunds as specified in Clause 3, Clause 4 of this Article are implemented according to the provisions of the Law on xem bóng đá trực tiếp vtv2 Administration and guiding documents.

According to regulations, a refund of excise xem bóng đá trực tiếp vtv2 is possible in the following cases:

- Refund according to the decision of the competent authority as prescribed by law.

- Refund according to international treaties to which the Socialist Republic of Vietnam is a member.

- Refund when the paid excise xem bóng đá trực tiếp vtv2 exceeds the due excise xem bóng đá trực tiếp vtv2 as stipulated.

Therefore,if the paid excise xem bóng đá trực tiếp vtv2 exceeds the due excise xem bóng đá trực tiếp vtv2 as prescribed, a refund of excise xem bóng đá trực tiếp vtv2 will be granted.