What are bóng đá hôm nay trực tiếp cases where credit-invoice method is applicable in Vietnam?
What are bóng đá hôm nay trực tiếp cases wherecredit-invoice method isapplicable in Vietnam?
Based on Clause 1, Article 10 of bóng đá hôm nay trực tiếpLaw on Value Added Tax 2008, amended by Clause 4, Article 1 of bóng đá hôm nay trực tiếpLaw on bóng đá hôm nay trực tiếp Amendment to bóng đá hôm nay trực tiếp 2013 Law on Value Added Taxregarding bóng đá hôm nay trực tiếp VAT credit-invoice method as follows:
VAT credit-invoice method
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2. bóng đá hôm nay trực tiếp VAT credit-invoice method applies to business establishments that fully comply with accounting, invoice, and document policies as prescribed by law on accounting, invoices, and documents, including:
a) Business establishments with annual revenue from bóng đá hôm nay trực tiếp sale of goods and provision of services of one billion VND or more, excluding household and individual businesses;
b) Business establishments that voluntarily apply bóng đá hôm nay trực tiếp VAT credit-invoice method, excluding household and individual businesses.
3. bóng đá hôm nay trực tiếp Government of Vietnam will specify this Article in detail.
bóng đá hôm nay trực tiếp VAT credit-invoice method applies to business establishments (excluding household and individual businesses) that fully comply with accounting, invoice, and document policies as prescribed by law on accounting, invoices, and documents, and have an annual revenue from bóng đá hôm nay trực tiếp sale of goods and provision of services of one billion VND or more.
Based on bóng đá hôm nay trực tiếp aforementioned provisions,revenue of one billion VND or morerequires bóng đá hôm nay trực tiếp company to apply bóng đá hôm nay trực tiếp VAT credit-invoice method. If bóng đá hôm nay trực tiếp estimated revenue according to bóng đá hôm nay trực tiếp mentioned method is less than one billion VND, bóng đá hôm nay trực tiếp company will apply bóng đá hôm nay trực tiếp direct calculation method, unless bóng đá hôm nay trực tiếp company voluntarily applies bóng đá hôm nay trực tiếp VAT credit-invoice method.
What are bóng đá hôm nay trực tiếp cases wherecredit-invoice method isapplicable in Vietnam? (Image from Internet)
How to determine VAT payable under bóng đá hôm nay trực tiếp credit-invoice method in Vietnam?
bóng đá hôm nay trực tiếp method to determine VAT payable under bóng đá hôm nay trực tiếp credit-invoice method is based on Clause 1, Article 10 of bóng đá hôm nay trực tiếpLaw on Value Added Tax 2008, amended by Clause 4, Article 1 of bóng đá hôm nay trực tiếpLaw on bóng đá hôm nay trực tiếp Amendment to bóng đá hôm nay trực tiếp 2013 Law on Value Added Taxas follows:
VAT credit-invoice method
1. bóng đá hôm nay trực tiếp VAT credit-invoice method is stipulated as follows:
a) VAT payable under bóng đá hôm nay trực tiếp credit-invoice method equals bóng đá hôm nay trực tiếp output VAT minus bóng đá hôm nay trực tiếp deductible input VAT;
b) Output VAT equals bóng đá hôm nay trực tiếp total amount of VAT on sold goods and services stated on VAT invoices.
VAT on goods and services sold as stated on VAT invoices is calculated based on bóng đá hôm nay trực tiếp taxable price of bóng đá hôm nay trực tiếp goods and services sold multiplied by bóng đá hôm nay trực tiếp VAT rate applied to those goods and services.
If documents recording bóng đá hôm nay trực tiếp payment price already include VAT, bóng đá hôm nay trực tiếp output VAT is determined by bóng đá hôm nay trực tiếp payment price minus bóng đá hôm nay trực tiếp taxable VAT price determined under Point k, Clause 1, Article 7 of this Law;
c) Deductible input VAT equals bóng đá hôm nay trực tiếp total amount of VAT stated on VAT invoices for purchased goods and services, VAT payment documents for imported goods, and meets bóng đá hôm nay trực tiếp conditions prescribed in Article 12 of this Law.
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bóng đá hôm nay trực tiếp VAT payable under bóng đá hôm nay trực tiếp credit-invoice method will be calculated by bóng đá hôm nay trực tiếp formula:
VAT Payable = Output VAT - Deductible Input VAT
Where:
+ Output VATequals bóng đá hôm nay trực tiếp total amount of VAT on goods and services sold as stated on VAT invoices.
VAT on goods and services sold as stated on VAT invoices is calculated based on bóng đá hôm nay trực tiếp taxable price of bóng đá hôm nay trực tiếp goods and services sold multiplied by bóng đá hôm nay trực tiếp VAT rate applied to those goods and services.
If documents recording bóng đá hôm nay trực tiếp payment price already include VAT, bóng đá hôm nay trực tiếp output VAT is determined by bóng đá hôm nay trực tiếp payment price minus bóng đá hôm nay trực tiếp taxable VAT price determined under Point k, Clause 1, Article 7 of bóng đá hôm nay trực tiếpLaw on Value Added Tax 2008:
k) For goods and services with payment documents recording bóng đá hôm nay trực tiếp payment price already including VAT, bóng đá hôm nay trực tiếp taxable price is determined by bóng đá hôm nay trực tiếp following formula:
Price excluding VAT = Payment price / (1 + VAT rate of bóng đá hôm nay trực tiếp goods or services (%))
+ Deductible Input VATequals bóng đá hôm nay trực tiếp total amount of VAT stated on VAT invoices for purchased goods and services, VAT payment documents for imported goods, and meets bóng đá hôm nay trực tiếp conditions prescribed in Article 12 of bóng đá hôm nay trực tiếpLaw on Value Added Tax 2008, amended by Clause 6, Article 1 of bóng đá hôm nay trực tiếpLaw on bóng đá hôm nay trực tiếp Amendment to bóng đá hôm nay trực tiếp Law on Value Added Tax 2013.
What are bóng đá hôm nay trực tiếp conditions for input VAT deduction in Vietnam?
bóng đá hôm nay trực tiếp conditions for input VAT deduction are prescribed in Clause 2, Article 12 of bóng đá hôm nay trực tiếpLaw on Value Added Tax 2008, amended by Clause 6, Article 1 of bóng đá hôm nay trực tiếpLaw on bóng đá hôm nay trực tiếp Amendment to bóng đá hôm nay trực tiếp Law on Value Added Tax 2013as follows:
(i) There must be a VAT invoice for bóng đá hôm nay trực tiếp purchase of goods and services or documents for VAT payment at bóng đá hôm nay trực tiếp stage of import;
(ii) There must be non-cash payment documents for purchased goods and services, except for goods and services bought individually with a value under twenty million VND;
(iii) For exported goods and services, in addition to bóng đá hôm nay trực tiếp conditions specified in (ii), (iii), there must also be: a contract signed with a foreign party on bóng đá hôm nay trực tiếp sale, processing, or provision of services; an invoice for goods and services sold; non-cash payment documents; and a customs declaration for exported goods.
bóng đá hôm nay trực tiếp payment for exported goods and services in bóng đá hôm nay trực tiếp form of clearing between exported goods and services with imported goods and services, or debt repayment on behalf of bóng đá hôm nay trực tiếp State is considered as non-cash payment.
