What are trực tiếp bóng đá k+ regulations on trực tiếp bóng đá k+ excise-taxable prices of goods and services in Vietnam?

What are trực tiếp bóng đá k+ regulations onthe excise-taxable pricesof goods and servicesin Vietnam?

According to Article 6 of trực tiếp bóng đá k+Law on excise tax 2008, with certain provisions amended by Clauses 3 of Article 1 of trực tiếp bóng đá k+Law on Amendments to trực tiếp bóng đá k+ Law on excise tax 2014and Clause 1 of Article 2 of trực tiếp bóng đá k+Law on Amendments to Law on Value-Added Tax, Law on excise tax and Law on Tax Administration 2016, taxable prices of goods/services are selling prices of goods services exclusive of excise tax, environmental protection tax, and VAT, and are prescribed as follows:

- Taxable prices of goods domestically produced and imports are selling prices imposed by manufacturers or importers.

Where goods subject to excise tax are sold to a trading establishment which has a parent company-subsidiary company relationship or subsidiaries in trực tiếp bóng đá k+ same parent company as trực tiếp bóng đá k+ manufacturer or importer, or a trading establishment has an association therewith, trực tiếp bóng đá k+ taxable price must not fall below trực tiếp bóng đá k+ percentage (%) of average price paid by trực tiếp bóng đá k+ trading establishments directly buying from trực tiếp bóng đá k+ manufacturers or importers prescribed by trực tiếp bóng đá k+ Government;

- Taxable prices of imports at importation are trực tiếp bóng đá k+ prices subject to import duty plus (+) import duty. If imports are eligible for exemption or reduction of import duty, taxable price shall not include trực tiếp bóng đá k+ reduction or exemption. excise tax on goods that was paid at importation may be deducted when determining trực tiếp bóng đá k+ excise tax on goods when they are sold;"

- For processed goods, it is trực tiếp bóng đá k+ taxed price of trực tiếp bóng đá k+ goods sold by processing-ordering establishment or trực tiếp bóng đá k+ selling price of trực tiếp bóng đá k+ product of trực tiếp bóng đá k+ same or similar kind at trực tiếp bóng đá k+ same time with trực tiếp bóng đá k+ time of goods sale;

- For goods sold on installment or deferred payment, it is trực tiếp bóng đá k+ one-off selling price of such goods, exclusive of trực tiếp bóng đá k+ installment or deferred payment interest;

- For services, it is trực tiếp bóng đá k+ service charge set by trực tiếp bóng đá k+ service provider. trực tiếp bóng đá k+ service provision in a number of cases is specified as follows:

+ For golf business, it is trực tiếp bóng đá k+ selling price of trực tiếp bóng đá k+ membership card or golf-playing ticket, inclusive of trực tiếp bóng đá k+ golf playing charge and deposit (if any);

+ For casino, prize-winning video game and betting business, it is trực tiếp bóng đá k+ turnover from such business minus trực tiếp bóng đá k+ prize already paid to customers;

+ For dance hall, massage parlor and karaoke bar business, it is trực tiếp bóng đá k+ turnover from such business.

- For goods and services used for barter, internal consumption or donation, it is trực tiếp bóng đá k+ excise taxed price of trực tiếp bóng đá k+ goods or service of trực tiếp bóng đá k+ same or similar kind at trực tiếp bóng đá k+ time of barter, internal consumption or donation.

Excise-taxed prices of goods and services specified in this Article are inclusive of additional charges and revenues (if any) enjoyed by business establishments.

Taxed prices are calculated in Vietnam dong. If taxpayers have foreign currency turnover, foreign currency amounts must be converted into Vietnam (long at trực tiếp bóng đá k+ average exchange rate on trực tiếp bóng đá k+ inter-bank foreign currency market, announced by trực tiếp bóng đá k+ State Bank of Vietnam at trực tiếp bóng đá k+ time of turnover generation) for determination of taxed prices.

What are trực tiếp bóng đá k+ regulations on trực tiếp bóng đá k+ excise-taxable prices of goods and services in Vietnam? (Image from trực tiếp bóng đá k+ Internet)

What is trực tiếp bóng đá k+ deadline for declaring excise tax in Vietnam?

According to Article 8 ofDecree 126/2020/ND-CP, trực tiếp bóng đá k+ declaration of excise tax is stipulated as follows:

Excise tax is declared monthly, except in cases where excise tax must be declared for each occurrence of trực tiếp bóng đá k+ following events:

- Excise tax incurred by exporters on goods that are sold domestically instead of being exported if excise tax is not paid during manufacture of such goods. Excise tax incurred by business establishments buying domestically manufactured motor vehicles, airplanes, yachts that were originally not subject to excise tax but then repurposed and become subject to excise tax.

- Excise tax on exported and imported goods. If such goods are not subject to trực tiếp bóng đá k+ declarationon each occurrence,trực tiếp bóng đá k+ guidance of trực tiếp bóng đá k+ Ministry of Finance shall be followed.

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

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

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

- If materials are purchased from a domestic manufacturer:

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

+Bank transfer receipts.

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

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

If excise tax payable or paid on trực tiếp bóng đá k+ quantity of materials used for manufacturing of goods sold in period cannot be determined yet, trực tiếp bóng đá k+ figures of trực tiếp bóng đá k+ previous period may be used to calculate trực tiếp bóng đá k+ deductible excise tax and trực tiếp bóng đá k+ actual amount shall be determined at trực tiếp bóng đá k+ end of trực tiếp bóng đá k+ quarter or year. In any case, deductible excise tax must not exceed trực tiếp bóng đá k+ excise tax on trực tiếp bóng đá k+ quantity of materials set out in technical regulations applied to such products.