What goods and services are subject to VAT in Vietnam when trực tiếp bóng đá euro hôm nay 2024 Law on Value Added Tax comes into force from July 1, 2025?

What goods and servicesare subject to VAT in Vietnamwhenthe 2024 Law on Value Added Tax comes into force from July 1, 2025?

Pursuant to trực tiếp bóng đá euro hôm nay provisions of Article 5 of trực tiếp bóng đá euro hôm nay 2024 Law on Value Added TaxDownload(effective from July 1, 2025), it stipulates 26 entities exempt from tax under trực tiếp bóng đá euro hôm nay current new law, including:

1. Products such as planted crops, afforested trees, livestock, aquaculture, fishing...

2. Breeding stock...

3. Animal feed...

4. Salt products manufactured from seawater...

5. State-owned public property housing sold by trực tiếp bóng đá euro hôm nay State to current tenants.

6. Irrigation and drainage; plowing and harrowing land...

7. Life insurance, health insurance, student insurance...

8. Financial services, banking, securities trading, commerce...

9. Medical and veterinary services...

10. Funeral services.

11. Maintenance, repair, construction funded by public contributions...

12. Teaching and vocational training as per regulations concerning education and vocational training...

13. Radio and television broadcasting funded by trực tiếp bóng đá euro hôm nay state budget.

14. Publishing, importing, and circulating newspapers, magazines, bulletins, and special editions...

15. Public passenger transport by bus, tram, and inland watercraft.

16. Machinery, equipment, spare parts...

17. Defense and security products...

18. Imported goods as humanitarian aid...

19. Goods in transit, transshipment through Vietnamese territory...

20. Technology transfer as per trực tiếp bóng đá euro hôm nay Law on Technology Transfer...

21. Gold in trực tiếp bóng đá euro hôm nay form of bullion and other non-jewelry items at trực tiếp bóng đá euro hôm nay importation stage...

22. Export products that are resources...

23. Artificial products used to replace human body parts...

24. Goods and services of households...

25. Imported goods...

Thus, compared to trực tiếp bóng đá euro hôm nay current provisions in Article 5 of trực tiếp bóng đá euro hôm nay2008 Law on Value Added Tax, trực tiếp bóng đá euro hôm nay following items will fall within trực tiếp bóng đá euro hôm nay non-taxable category, but certain entities will be subject to VAT when trực tiếp bóng đá euro hôm nay 2024 Law on Value Added Tax comes into force from July 1, 2025, including:

[1]Securities deposit; market-organizing services of trực tiếp bóng đá euro hôm nay stock exchange or securities trading center; other securities trading activities as prescribed by securities laws.

[2]Fertilizers; specialized machinery and equipment for agricultural production; offshore fishing vessels.

[3]Export products that are resources and extracted minerals processed into other non-VAT subject products must comply with trực tiếp bóng đá euro hôm nay list stipulated by trực tiếp bóng đá euro hôm nay Government of Vietnam.

Furthermore, according to trực tiếp bóng đá euro hôm nayLuật Thuế giá trị đá bóng trực, products exported from goods processed from resources and minerals where trực tiếp bóng đá euro hôm nay total value of resources and minerals together with energy costs account for 51% or more of trực tiếp bóng đá euro hôm nay product cost fall under non-taxable VAT entities.

Additionally, when trực tiếp bóng đá euro hôm nay 2024 Law on Value Added TaxDownloadcomes into effect, trực tiếp bóng đá euro hôm nay imported goods donated or sponsored for natural disaster, epidemic, and war control, as stipulated by trực tiếp bóng đá euro hôm nay Government of Vietnam, will be counted as non-VAT entities.

What goods and services are subject to VAT in Vietnam when trực tiếp bóng đá euro hôm nay 2024 Law on Value Added Tax comes into force from July 1, 2025?(Image from Internet)

What are regulations on taxable priceswhenthe 2024Law on Value Added Taxcomes into forcefrom July 1, 2025?

According to Article 7 of trực tiếp bóng đá euro hôm nay 2024 Law on Value Added TaxDownload, trực tiếp bóng đá euro hôm nay provisions are as follows:

- trực tiếp bóng đá euro hôm nay taxable price is defined as follows:

+ For goods and services sold by businesses, it is trực tiếp bóng đá euro hôm nay sale price excluding value-added tax; for goods and services subject to special consumption tax, it is trực tiếp bóng đá euro hôm nay sale price inclusive of trực tiếp bóng đá euro hôm nay special consumption tax but excluding VAT; for goods subject to environmental protection tax, it is trực tiếp bóng đá euro hôm nay sale price inclusive of environmental protection tax but excluding VAT; for goods subject to both special consumption tax and environmental protection tax, it is trực tiếp bóng đá euro hôm nay sale price inclusive of both but exclusive of VAT;

+ For imported goods, it is trực tiếp bóng đá euro hôm nay import taxable value as stipulated by export and import tax laws, including import tax plus any additional import duties according to trực tiếp bóng đá euro hôm nay law (if any), plus special consumption tax (if any), and plus environmental protection tax (if any);

+ For goods and services used for exchange, internal consumption, gift, or donation, trực tiếp bóng đá euro hôm nay taxable value is trực tiếp bóng đá euro hôm nay VAT-excluded price of similar or equivalent goods and services at trực tiếp bóng đá euro hôm nay time these activities occur.

For goods and services promoted according to commercial law, trực tiếp bóng đá euro hôm nay taxable price is determined as zero (0);

+ For property rental activities, it is trực tiếp bóng đá euro hôm nay rental value excluding VAT.

If trực tiếp bóng đá euro hôm nay lease is paid periodically or prepaid for trực tiếp bóng đá euro hôm nay lease term, trực tiếp bóng đá euro hôm nay taxable price is trực tiếp bóng đá euro hôm nay payment per period or prepaid amount for trực tiếp bóng đá euro hôm nay lease term excluding VAT;

+ For goods sold on installment, deferred payment is priced at trực tiếp bóng đá euro hôm nay one-time payment selling price excluding VAT, not including installment or deferred payment interest;

+ For product processing, it is trực tiếp bóng đá euro hôm nay processing price excluding VAT;

+ For construction and installation activities, it is trực tiếp bóng đá euro hôm nay value of trực tiếp bóng đá euro hôm nay project, project items, or work accomplished excluding VAT. For construction and installation without materials and equipment included, trực tiếp bóng đá euro hôm nay taxable price is trực tiếp bóng đá euro hôm nay construction and installation value excluding materials and equipment;

+ For real estate business activities, it is trực tiếp bóng đá euro hôm nay selling price of real estate excluding VAT minus land levy or land rent paid to trực tiếp bóng đá euro hôm nay state budget (deducted land price). trực tiếp bóng đá euro hôm nay Government of Vietnam stipulates trực tiếp bóng đá euro hôm nay determination of deducted land prices as per this point in accordance with land law;

+ For agency, brokerage activities for trực tiếp bóng đá euro hôm nay sale of goods and services earning a commission, it is trực tiếp bóng đá euro hôm nay commission earned from these activities excluding VAT;

+ For goods and services using invoices recording payment prices inclusive of VAT, trực tiếp bóng đá euro hôm nay taxable price is determined by trực tiếp bóng đá euro hôm nay formula:

Price excluding VAT = Payment price / (divided by) 1 + tax rate of goods, services (%)

+ For casino business activities, prize-winning video games, betting activities, it is trực tiếp bóng đá euro hôm nay amount obtained from these activities minus trực tiếp bóng đá euro hôm nay amount exchanged for unused vouchers, and prize payments to customers (if any), inclusive of special consumption tax, excluding VAT;

+ For production, business activities including: electricity production by EVN; transportation and loading services; tourism services in trực tiếp bóng đá euro hôm nay form of travel agency; pawnbroking services; VAT-subject books sold at trực tiếp bóng đá euro hôm nay publishing (cover price); printing activities; agency appraisal services, agency claims handling, third-party indemnity claims processing, and agency handling of 100% indemnity goods earning salary or commission, trực tiếp bóng đá euro hôm nay taxable price is trực tiếp bóng đá euro hôm nay selling price excluding VAT. trực tiếp bóng đá euro hôm nay Government of Vietnam stipulates trực tiếp bóng đá euro hôm nay taxable price for production and business activities mentioned herein.

- trực tiếp bóng đá euro hôm nay taxable price for goods and services stipulated in clause 1 of this Article includes all surcharges and additional fees that trực tiếp bóng đá euro hôm nay business entity is entitled to receive.

- trực tiếp bóng đá euro hôm nay Government of Vietnam provides detailed regulations for this Article.

When is trực tiếp bóng đá euro hôm nay time for calculating VAT in Vietnam fromJuly 1, 2025?

Pursuant to Article 7 of trực tiếp bóng đá euro hôm nay 2024 Law on Value Added TaxDownload, it provides trực tiếp bóng đá euro hôm nay following regulations:

- trực tiếp bóng đá euro hôm nay time for calculating VAT is stipulated as follows:

+ For goods, it is trực tiếp bóng đá euro hôm nay time when ownership or right to use of goods is transferred to trực tiếp bóng đá euro hôm nay buyer or trực tiếp bóng đá euro hôm nay time of issuing invoices, irrespective of trực tiếp bóng đá euro hôm nay receipt of payment;

+ For services, it is trực tiếp bóng đá euro hôm nay time of service completion or trực tiếp bóng đá euro hôm nay time of issuing service provision invoices, irrespective of trực tiếp bóng đá euro hôm nay receipt of payment.

- trực tiếp bóng đá euro hôm nay time for calculating VAT for trực tiếp bóng đá euro hôm nay following goods and services is prescribed by trực tiếp bóng đá euro hôm nay Government of Vietnam:

+ Exported and imported goods;

+ Telecommunications services;

+ Insurance business services;

+ Electricity supply, production, and clean water activities;

+ Real estate business activities;

+ Construction, installation, and oil and gas activities.

*Note: trực tiếp bóng đá euro hôm nay 2024 Law on Value Added Tax (effective from July 1, 2025)

Download

***Note:**trực tiếp bóng đá euro hôm nay 2024 Law on Value Added Tax comes into force from July 1, 2025, except as stipulated in clause 2, Article 18 of trực tiếp bóng đá euro hôm nay 2024 Law on Value Added Tax .

- trực tiếp bóng đá euro hôm nay provisions regarding revenue levels for households, individuals engaged in production and business activities falling under non-taxable entities as per clause 25 Article 5 of this Law and Article 17 of trực tiếp bóng đá euro hôm nay 2024 Law on Value Added Tax come into effect from January 1, 2026.

- trực tiếp bóng đá euro hôm nay 2008 Law on Value Added Tax , as amended and supplemented by Law No. 31/2013/QH13, Law No. 71/2014/QH13, and Law No. 106/2016/QH13, ceases to be effective from trực tiếp bóng đá euro hôm nay date trực tiếp bóng đá euro hôm nay 2024 Law on Value Added Tax becomes effective.