What is trực tiếp bóng đá k+ method of calculating excise tax in Vietnam?

Which goods and services are subject to excise tax in Vietnam?

Under Article 2 of trực tiếp bóng đá k+Law on excise tax 2008and Article 2 ofDecree 108/2015/ND-CP, trực tiếp bóng đá k+ objectssubject to excise tax 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 trực tiếp bóng đá k+ sale of membership cards and golf playing tickets;

- Lottery business.

What is trực tiếp bóng đá k+ method of calculating excise tax inVietnam?

According to Article 5 of trực tiếp bóng đá k+Law on Excise Tax2008, trực tiếp bóng đá k+ law stipulates:

Tax bases

Excise tax bases include trực tiếp bóng đá k+ taxed price of a taxable goods or service and trực tiếp bóng đá k+ tax rate. trực tiếp bóng đá k+ payable excise tax amount is trực tiếp bóng đá k+ excise taxed price multiplied by trực tiếp bóng đá k+ excise tax rate.

Thus, trực tiếp bóng đá k+ method of calculating excise tax is determined by trực tiếp bóng đá k+ following formula:

excise tax amount= taxable price x tax rate

What is trực tiếp bóng đá k+ method of calculating excise tax in Vietnam? (Image from Internet)

What is trực tiếp bóng đá k+ determination ofthe excise taxable price in 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.