What is trực tiếp bóng đá euro hôm nay ultimate parent entity in tax management in Vietnam?

What is trực tiếp bóng đá euro hôm nay ultimate parent entity in tax management?

Based on trực tiếp bóng đá euro hôm nay provisions of Clause 26, Article 3 of trực tiếp bóng đá euro hôm nayTax Administration Law 2019as follows:

Explanation of Terms

In this Law, trực tiếp bóng đá euro hôm nay terms below are understood as follows:

...

20. Tax management information system includes statistical information system, tax accounting, and other information serving tax management.

21. Related parties are those who directly or indirectly engage in trực tiếp bóng đá euro hôm nay operation, control, or capital contribution to an enterprise; parties under direct or indirect control by an organization or individual; parties sharing a common organization or individual involved in capital contribution; enterprises controlled by individuals having close family relationships.

22. Related transaction is a transaction between related parties.

23. Independent transaction is a transaction between parties without related ties.

24. Principle of independent transactions is a principle applied in trực tiếp bóng đá euro hôm nay declaration and determination of tax value for taxpayers engaging in related transactions to reflect transaction conditions equivalent to those in independent transactions.

25. Principle of trực tiếp bóng đá euro hôm nay substance of activities and transactions determining tax obligations is a principle applied in tax management to analyze trực tiếp bóng đá euro hôm nay transactions, production, and business activities of taxpayers to determine tax obligations corresponding to trực tiếp bóng đá euro hôm nay value generated from trực tiếp bóng đá euro hôm nay substance of those transactions, production, and business activities.

26. trực tiếp bóng đá euro hôm nay ultimate parent entity of a group is a legal entity with direct or indirect ownership in other legal entities of a multinational group, not owned by any other legal entity, and trực tiếp bóng đá euro hôm nay consolidated financial statements of trực tiếp bóng đá euro hôm nay ultimate parent entity are not consolidated into any financial statements of any other legal entity globally.

...

Thus, according to trực tiếp bóng đá euro hôm nay above provisions, trực tiếp bóng đá euro hôm nay ultimate parent entity is a legal entity with direct or indirect ownership in other legal entities of a multinational group, not owned by any other legal entity.

At trực tiếp bóng đá euro hôm nay same time, trực tiếp bóng đá euro hôm nay consolidated financial statements of trực tiếp bóng đá euro hôm nay ultimate parent entity are not consolidated into any financial statements of any other legal entity globally.

What is trực tiếp bóng đá euro hôm nay ultimate parent entity in tax management in Vietnam? (Image from trực tiếp bóng đá euro hôm nay Internet)

How does a taxpayer who is trực tiếp bóng đá euro hôm nay ultimate parent entity of a group in Vietnam declare taxes?

Based on Clause 7, Article 43 of trực tiếp bóng đá euro hôm nayTax Administration Law 2019as follows:

Tax Declaration Dossiers

...

7. Report on cross-border profits in trực tiếp bóng đá euro hôm nay case where trực tiếp bóng đá euro hôm nay taxpayer is trực tiếp bóng đá euro hôm nay ultimate parent entity in Vietnam having cross-border related transactions and exceeding trực tiếp bóng đá euro hôm nay prescribed global consolidated revenue level, or trực tiếp bóng đá euro hôm nay taxpayer has an ultimate parent entity abroad, and trực tiếp bóng đá euro hôm nay ultimate parent entity is obligated to prepare a cross-border profit report as stipulated by trực tiếp bóng đá euro hôm nay host country.

...

According to trực tiếp bóng đá euro hôm nay provisions, if trực tiếp bóng đá euro hôm nay taxpayer is trực tiếp bóng đá euro hôm nay ultimate parent entity in Vietnam, it must prepare a cross-border profit report when trực tiếp bóng đá euro hôm nay group has cross-border related transactions and exceeds trực tiếp bóng đá euro hôm nay prescribed global consolidated revenue level, or trực tiếp bóng đá euro hôm nay taxpayer has an ultimate parent entity abroad, and trực tiếp bóng đá euro hôm nay ultimate parent entity is obligated to prepare a cross-border profit report as stipulated by trực tiếp bóng đá euro hôm nay host country.

Thus, a taxpayer who is trực tiếp bóng đá euro hôm nay ultimate parent entity of a group in Vietnam will declare taxes through trực tiếp bóng đá euro hôm nay form of a cross-border profit report.

Is failing todeclaretaxes considered a prohibited act in tax management in Vietnam?

Based on trực tiếp bóng đá euro hôm nay provisions of Article 6 of trực tiếp bóng đá euro hôm nayTax Administration Law 2019which stipulates prohibited acts in tax management, including:

- Collusion, connivance, and cover-up between taxpayers and tax management officials or tax management agencies to manipulate prices and evade taxes.

- Causing trouble and harassment for taxpayers.

- Exploiting to misappropriate or illegally use tax money.

- Intentionally not declaring or declaring taxes incompletely, promptly, or accurately about trực tiếp bóng đá euro hôm nay payable tax amount.

- Obstructing tax management officials from performing their duties.

- Using another taxpayer's tax code to carry out illegal activities or allowing others to use their tax code contrary to trực tiếp bóng đá euro hôm nay law.

- Selling goods and providing services without issuing invoices as required by law, using illegal invoices, and illegally using invoices.

- Distorting, misusing, unauthorized accessing, or destroying trực tiếp bóng đá euro hôm nay taxpayer's information system.

Therefore, intentionally not declaring taxes is a prohibited act in tax management.