đá bóng trực tiếpHow many methods for calculating VAT in Vietnam are there?

How many methods for calculating VAT in Vietnam are there?

According to Article 9 of đá bóng trực tiếpLaw No. 13/2008/QH12, there are 02 methods for calculating VAT, including:

- Value-added tax credit method

- Method of calculation of tax based directly on added value.

How many methods for calculating VAT in Vietnam are there? (Image from đá bóng trực tiếp Internet)

What business establishments apply đá bóng trực tiếp VAT deduction method in Vietnam?

Under Clause 2, Article 10 of đá bóng trực tiếpLaw on VAT2008amended by Clause 4, Article 1 of đá bóng trực tiếpLaw No. 31/2013/QH13 xoilac tv trực, đá bóng trực tiếp VAT deduction method applies to business establishments that fully comply with đá bóng trực tiếp policies on accounting, invoices, and documents prescribed by law on accounting, invoices, and documents, including:

- Business establishments with annual revenue from đá bóng trực tiếp sale of goods and services of one billion dong or more, except for households and individuals conducting business;

- Business establishments that voluntarily register to apply đá bóng trực tiếp VAT deduction method, except for households and individuals conducting business.

Which entitiesapply đá bóng trực tiếp method of calculation of tax based directly on added value in Vietnam?

According to Clause 2, Article 11 of đá bóng trực tiếpLaw No. 13/2008/QH12, amended by Clause 5, Article 1 of đá bóng trực tiếp Law onLaw No. 31/2013/QH13 xoilac, đá bóng trực tiếp entitiesapplying themethod of calculation of tax based directly on added value include:

- Enterprises and cooperatives with annual revenue below đá bóng trực tiếp revenue threshold of one billion dong, except those voluntarily registering to apply đá bóng trực tiếp credit method stipulated in Clause 2, Article 10 of đá bóng trực tiếpLaw No. 13/2008/QH12;

- Householdand individual businesses;

- Foreign organizations and individuals engaged in business without a permanent establishment in Vietnam but generating revenue in Vietnam that have not fully adhered to accounting, invoice, and document disciplines, except those foreign organizations and individuals supplying goods and services for activities related to oil and gas exploration, development, and extraction, where tax is paid under đá bóng trực tiếp credit method by đá bóng trực tiếp Vietnamese party on their behalf;

- Other economic organizations, except those registered to pay tax under đá bóng trực tiếp credit method stipulated in Clause 2, Article 10 of đá bóng trực tiếpLaw No. 13/2008/QH12.

What are đá bóng trực tiếp regulations on input VAT deduction in Vietnam?

According to Article 12 of đá bóng trực tiếpLaw No. 13/2008/QH12amended by Clause 6, Article 1 of đá bóng trực tiếpLaw No. 31/2013/QH13 xoilac tv trực, đá bóng trực tiếp inputVAT deduction is regulated as follows:

- Business establishments that employ đá bóng trực tiếp deduction method shall deduct đá bóng trực tiếp input VAT as follows:

+ Input VAT on goods and services used for đá bóng trực tiếp production and sale of goods and services subject to VAT is completely deductible, including input VAT that is not compensated of damaged goods and services subject to VAT;

+ For goods and services used for đá bóng trực tiếp production and sale of both taxable and non taxable goods and services, only input VAT on đá bóng trực tiếp goods and services used for đá bóng trực tiếp production and sale of taxable goods and services is deductible. Deductible input VAT must be separated from non-deductible VAT; if they are not separated, đá bóng trực tiếp deductible input VAT shall be calculated by đá bóng trực tiếp percentage of revenue from goods and services subject to VAT to đá bóng trực tiếp total revenue from sold goods and services;

+ Input VAT on goods and services sold to organizations and individuals that use humanitarian aid or non-refundable aid is completely deductible;

+ Input VAT on goods and services used for petroleum exploration and extraction is completely deductible;

+ Input VAT that arises in a month shall be declared and deducted when calculating đá bóng trực tiếp tax payable in that month. When business finds that đá bóng trực tiếp input VAT is declared or deducted incorrectly, it may be rectified before đá bóng trực tiếp tax authority issues a decision on tax inspection at đá bóng trực tiếp premises.

- Required papers for input VAT deduction:

+ Sale invoices or receipts of tax payment at đá bóng trực tiếp importation stage;

+ There are receipts of non-cash payments for purchased goods and services, except for đá bóng trực tiếp purchases below 20 million VND;

+ Required papers for exported goods and services apart from đá bóng trực tiếp papers in Point a and Point b of this Clause: a contract sign with a foreign partner to sell, process goods or provide services; sale invoices; receipts of non-cash payments; customs declarations of exported goods.

đá bóng trực tiếp payment for exported goods and services by offsetting đá bóng trực tiếp exported goods and services against đá bóng trực tiếp imported goods and services and repayment of debts on behalf of đá bóng trực tiếp State is considered non-cash payments.