What are xem bóng đá trực tiếp nhà cái conditions for enterprises to receive a VAT refund on investment projects in Vietnam?
What are xem bóng đá trực tiếp nhà cái conditions for an enterpriseto receive a VAT refund for investment projects in Vietnam?
Pursuant to Article 13 of xem bóng đá trực tiếp nhà cái2008 Law on Value-Added Tax, amended by Clause 7 Article 1 of xem bóng đá trực tiếp nhà cái2013 Amended Law on VAT, and further amended by Clause 3 Article 1 ofLaw No. 06/2016/QH13, xem bóng đá trực tiếp nhà cái provisions are as follows:
Cases for Tax Refund
- A business establishment paying value-added tax under xem bóng đá trực tiếp nhà cái credit method can carry forward uncredited input VAT from month or quarter to xem bóng đá trực tiếp nhà cái next period.
In cases where a business establishment registered for VAT payment under xem bóng đá trực tiếp nhà cái credit method with a new investment project is in xem bóng đá trực tiếp nhà cái investment stage and has input VAT on goods and services used for investment but has not been credited and has remaining tax from three hundred million VND or more, they are eligible for a VAT refund.
Business establishments are ineligible for a VAT refund but must carry forward uncredited input tax for xem bóng đá trực tiếp nhà cái investment project to succeeding periods if:
a) xem bóng đá trực tiếp nhà cái investment project of xem bóng đá trực tiếp nhà cái business establishment has not contributed xem bóng đá trực tiếp nhà cái required registered charter capital; operates in a conditional business sector without meeting business conditions as prescribed by xem bóng đá trực tiếp nhà cái Investment Law or does not ensure fulfilling business conditions during operation;
b) xem bóng đá trực tiếp nhà cái investment project for exploiting resources and minerals licensed from July 1, 2016, or xem bóng đá trực tiếp nhà cái investment project for manufacturing goods with xem bóng đá trực tiếp nhà cái total value of resources, minerals plus energy costs accounting for 51% or more of xem bóng đá trực tiếp nhà cái product cost as per xem bóng đá trực tiếp nhà cái investment project.
xem bóng đá trực tiếp nhà cái Government of Vietnam shall provide detailed regulations on this clause.
- Business establishments having goods, services exported in xem bóng đá trực tiếp nhà cái month or quarter with input VAT not credited from three hundred million VND or more are eligible for VAT refunds monthly, quarterly, except in cases of goods imported for export, or goods exported without customs procedures compliance as per xem bóng đá trực tiếp nhà cái Customs Law. Tax refunds are given prior, inspection later for taxpayers producing export goods not violating tax, customs laws for two consecutive years; taxpayers not classified as high risk under xem bóng đá trực tiếp nhà cái Tax Management Law.
- Business establishments submitting VAT under xem bóng đá trực tiếp nhà cái credit method receive a VAT refund upon ownership transfer, company transformation, mergers, consolidations, divisions, split-offs, dissolutions, bankruptcies, or business cessation with overpaid VAT or uncredited input VAT.
- Foreigners and Vietnamese residing abroad with foreign authority-issued passports or entry documents are refunded VAT on goods purchased in Vietnam to bring abroad upon departure.
- VAT refunds for programs and projects using non-refundable official development assistance (ODA) or non-refundable aid, humanitarian aid are stipulated as follows:
a) Program or project owners, main contractors, or organizations designated by foreign donors to manage programs, projects using non-refundable ODA receive VAT refunds for VAT paid on goods, services purchased in Vietnam for xem bóng đá trực tiếp nhà cái program, project;
b) Vietnamese organizations using non-refundable aid, humanitarian aid from foreign organizations, individuals to purchase goods, services for non-refundable aid, humanitarian aid projects in Vietnam receive VAT refunds for VAT paid on these goods, services.
- Subjects entitled to diplomatic immunity and privileges as per legal provisions purchasing goods, services in Vietnam for use are refunded xem bóng đá trực tiếp nhà cái VAT paid marked on value-added invoices or payment documents indicating prices inclusive of VAT.
- Business establishments receiving competent authority decisions for VAT refunds per legal provisions and cases of VAT refunds according to international agreements which xem bóng đá trực tiếp nhà cái Socialist Republic of Vietnam is a member.
Pursuant to Article 18 ofCircular 219/2013/TT-BTCamended by Clause 3 Article 1 ofCircular 130/2016/TT-BTCreplaced by Clause 3 Article 1 Circular 13/2023/TT-BTC, amended by point a Clause 12 Article 1 Circular 26/2015/TT-BTC, stipulates:
Subjects and Cases Eligible for a VAT Refund
“1. Businesses paying VAT under xem bóng đá trực tiếp nhà cái credit method with uncredited input VAT in xem bóng đá trực tiếp nhà cái month (monthly declaration) or quarter (quarterly declaration) are carried forward to xem bóng đá trực tiếp nhà cái next period.
For businesses with uncredited input VAT prior to xem bóng đá trực tiếp nhà cái July 2016 tax period (monthly declaration) or before Q3 2016 tax period (quarterly declaration), meeting eligibility conditions for VAT refunds as guided in Clause 1, Article 18 of Circular 219/2013/TT-BTC, tax authorities handle refunds per legal provisions.
2. Newly established businesses from investment projects registered for business, registered for VAT payment under xem bóng đá trực tiếp nhà cái credit method, or projects exploring, exploiting and developing oil fields in xem bóng đá trực tiếp nhà cái investment stage not operational, with investment duration of over 1 year, are eligible for annual VAT refunds on goods, services for investment, except as directed at point c Clause 3 Article herein. If cumulative input VAT on goods, services for investment reaches 300 million VND or more, it is refunded.
3. VAT refunds on investment projects
a) Existing business establishments covered by VAT under xem bóng đá trực tiếp nhà cái credit method with an investment project (except directions at point c Clause 3 Article herein and projects constructing properties for sale or lease without forming fixed assets) in xem bóng đá trực tiếp nhà cái same province, city, in xem bóng đá trực tiếp nhà cái investment phase, shall separately declare for xem bóng đá trực tiếp nhà cái investment project and must set off input VAT of xem bóng đá trực tiếp nhà cái project with VAT declarations of ongoing operation. Maximum transferable input VAT of xem bóng đá trực tiếp nhà cái investment is capped by payable VAT of xem bóng đá trực tiếp nhà cái business operation in xem bóng đá trực tiếp nhà cái period.
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Thus, based on xem bóng đá trực tiếp nhà cái provisions, newly established businesses from investment projects and operating businesses with investment projects (excluding projects constructing property for sale or lease without forming fixed assets) in xem bóng đá trực tiếp nhà cái investment phase, if fulfilling new investment project regulations of xem bóng đá trực tiếp nhà cái Investment Law with input VAT on goods, services for investment as per declarations and conditions with remaining tax from three hundred million VND or more, are eligible for a VAT refund as prescribed.
What are xem bóng đá trực tiếp nhà cái conditions for enterprises to receive a VAT refund on investment projects in Vietnam? (Image from Internet)
What are xem bóng đá trực tiếp nhà cái conditions and procedures for VAT refunds in Vietnam?
According to Article 19 ofCircular 219/2013/TT-BTCstipulating conditions and procedures for VAT refunds as follows:
- Business establishments and organizations that are eligible for VAT refunds as guided at points 1, 2, 3, 4, 5 Article 18 ofCircular 219/2013/TT-BTCmust be business establishments paying tax by xem bóng đá trực tiếp nhà cái credit method, having business registration certificates or investment licenses (practice licenses) or establishment decisions from competent authorities, possessing seals conforming to law, and maintaining and preserving accounting records, documents as per accounting laws; holding bank deposit accounts per tax number of xem bóng đá trực tiếp nhà cái business establishment.
- Businesses having filed VAT refund requests on their VAT declarations may not carry forward xem bóng đá trực tiếp nhà cái input tax requested for refund into xem bóng đá trực tiếp nhà cái input tax deductible for xem bóng đá trực tiếp nhà cái following month.
- VAT refund procedures comply with xem bóng đá trực tiếp nhà cái regulations in xem bóng đá trực tiếp nhà cáiLuật Quản trực tiếp bóng đá việtand xem bóng đá trực tiếp nhà cái guiding implementation documents.
What are regulations onthe VAT deduction method in Vietnam?
Based on Article 10 of xem bóng đá trực tiếp nhà cái2008 Law on Value-Added Taxwhich provides for xem bóng đá trực tiếp nhà cái VAT deduction method as follows:
- xem bóng đá trực tiếp nhà cái payable VAT under xem bóng đá trực tiếp nhà cái deduction method equals xem bóng đá trực tiếp nhà cái output VAT minus xem bóng đá trực tiếp nhà cái input VAT deductible.
- Output VAT equals xem bóng đá trực tiếp nhà cái total VAT of sold goods, services recorded on xem bóng đá trực tiếp nhà cái VAT invoice.
- Deductible input VAT equals xem bóng đá trực tiếp nhà cái total VAT recorded on xem bóng đá trực tiếp nhà cái VAT invoice for purchased goods, services, VAT payment certificates for imported goods meeting conditions stipulated in Article 12 of xem bóng đá trực tiếp nhà cái2008 VAT Law.
- xem bóng đá trực tiếp nhà cái deduction method applies to business establishments adhering to complete accounting, invoice, document policies as per laws on accounting, invoices, documents, and registering for taxation under xem bóng đá trực tiếp nhà cái deduction method.
