What are the conditions for excise trực tiếp bóng đá k+ deduction in Vietnam?

Which goods and services are subject to excise trực tiếp bóng đá k+ in Vietnam?

Under Article 2 of theLaw on excise trực tiếp bóng đá k+ 2008and Article 2 ofDecree 108/2015/ND-CP, the objectssubject to excise trực tiếp bóng đá k+ include:

(1) Goods:

- Cigarettes, cigars and other tobacco preparations used for smoking, inhaling, chewing, sniffing or keeping in mouth;

- Liquor;

- Beer;

- Under-24-seat cars, including cars for both passenger and cargo transportation with two or more rows of seats and fixed partitions between passenger holds and cargo holds;

- Two- and three-wheeled motorcycles of a cylinder capacity of over 125 cm3;

- Aircraft and yachts;

- Gasoline of all kinds, naphtha, reformade components and other components for mixing gasoline;

- Air-conditioners of 90,000 BTU or less;

- Playing cards;

- Votive gilt papers and votive objects.

(2) Services:

- Dance halls:

- Massage parlors and karaoke bars;

- Casinos; prize-winning video games, including jackpot and slot games and games on similar machines;

- Betting;

- Golf business, including the sale of membership cards and golf playing tickets;

- Lottery business.

What are the conditions for excise trực tiếp bóng đá k+ deduction in Vietnam? (Image from the Internet)

What are thecases ofexcise trực tiếp bóng đá k+ deduction in Vietnam?

According to Clause 1 and Clause 2, Article 7 ofDecree 108/2015/ND-CP(amended by Clause 3, Article 1 ofDecree 14/2019/ND-CP), the cases ofexcise trực tiếp bóng đá k+ deduction in Vietnam include:

(1) When determining the excise trực tiếp bóng đá k+ payable, a taxpayer that manufactures goods subject to excise trực tiếp bóng đá k+ from materials subject to excise trực tiếp bóng đá k+ may deduct the paid excise trực tiếp bóng đá k+ on the quantity of materials imported (including the excise trực tiếp bóng đá k+ paid according to the Decision on trực tiếp bóng đá k+ imposition made by the customs authority, except decisions made by customs authorities on imposition of penalties for trực tiếp bóng đá k+ fraud or trực tiếp bóng đá k+ evasion) or purchased from another domestic manufacturer.

The amount of deductible excise trực tiếp bóng đá k+ corresponds to the amount of excise trực tiếp bóng đá k+ on materials used for manufacturing goods that are sold and subject to the excise trực tiếp bóng đá k+.

For biofuel, the amount of deductible excise trực tiếp bóng đá k+ in the period depends on the amount of paid excise trực tiếp bóng đá k+ on a unit of material purchased in the previous period for manufacturing of biofuel.

An enterprise licensed to manufacture biofuel shall declare and deduct special excise duty at the trực tiếp bóng đá k+ authority in charge of the area where its headquarters is located.

The excise trực tiếp bóng đá k+ on materials used for manufacturing biofuel that remains after deduction (including the excise trực tiếp bóng đá k+ that remains from the period of January, 2016) may be offset against the excise trực tiếp bóng đá k+ payable on other goods/ services in the period.

The special excise duty on materials used for manufacturing biofuel that remains after offsetting shall be carried forward to the next period or refunded.

(2) Payers of excise trực tiếp bóng đá k+ on goods subject to excise trực tiếp bóng đá k+ at import may deduct excise trực tiếp bóng đá k+ paid at importation, including excise trực tiếp bóng đá k+ paid according to the Decision on trực tiếp bóng đá k+ imposition made by the customs authority, except decisions made by customs authorities for imposition of penalties for trực tiếp bóng đá k+ fraud or trực tiếp bóng đá k+ evasion, from excise trực tiếp bóng đá k+ payable on goods sold domestically.

Deductible excise trực tiếp bóng đá k+ is equal to excise trực tiếp bóng đá k+ on goods subject to excise trực tiếp bóng đá k+ that are sold after import, and must not exceed the excise trực tiếp bóng đá k+ on goods sold domestically.

The taxpayer may include excise trực tiếp bóng đá k+ that remains after deduction in expenses when calculating corporate income trực tiếp bóng đá k+

What are the conditions for excise trực tiếp bóng đá k+ deduction in Vietnam?

According to Clause 3, Article 7 ofDecree 108/2015/ND-CPas amended byDecree 14/2019/ND-CPspecifying the conditions for excise trực tiếp bóng đá k+ deduction as follows:

- When importing materials subject to excise trực tiếp bóng đá k+ for manufacturing goods subject to excise trực tiếp bóng đá k+, and when importing goods subject to excise trực tiếp bóng đá k+, the receipts for excise trực tiếp bóng đá k+ payment at importation shall be used as the basis for excise trực tiếp bóng đá k+ deduction.

- If materials are purchased from a domestic manufacturer:

+A sale contract which specifies that the materials are directly manufactured by the seller; the copy of the Certificate of business registration of the seller which must bear the seller's signature and seal.

+Bank transfer receipts.

+VAT invoices are the basis for deduction of excise trực tiếp bóng đá k+. The amount of excise trực tiếp bóng đá k+ paid by the buyer when buying materials equals (=) taxable price multiplied (x) by excise trực tiếp bóng đá k+ rate; where:

The excise trực tiếp bóng đá k+ shall be deducted when making excise trực tiếp bóng đá k+ declaration and the excise trực tiếp bóng đá k+ payable is calculated by adopting the following formula:

If excise trực tiếp bóng đá k+ payable or paid on the quantity of materials used for manufacturing of goods sold in period cannot be determined yet, the figures of the previous period may be used to calculate the deductible excise trực tiếp bóng đá k+ and the actual amount shall be determined at the end of the quarter or year.

In any case, deductible excise trực tiếp bóng đá k+ must not exceed the excise trực tiếp bóng đá k+ on the quantity of materials set out in technical regulations applied to such products.