What is xem bóng đá trực tiếp trên youtube use purpose of account 133 - Deductible VAT in Vietnam? How many sub-accounts are there?
What is xem bóng đá trực tiếp trên youtube use purpose of Account 133 - Deductible VAT in Vietnam?
Pursuant to xem bóng đá trực tiếp trên youtube provisions of Clause 1, Article 19 ofCircular 200/2014/TT-BTCregarding Account 133 – Deductible Value Added Tax as follows:
Account 133 – Deductible Value Added Tax
1. Accounting Principles
a) This account is used to reflect xem bóng đá trực tiếp trên youtube input VAT that is deductible, has been deducted, and is still deductible for xem bóng đá trực tiếp trên youtube enterprise.
b) Accountants must separately account for deductible input VAT and non-deductible input VAT. If it is not possible to account for them separately, xem bóng đá trực tiếp trên youtube input VAT shall be accounted under account 133. At xem bóng đá trực tiếp trên youtube end of xem bóng đá trực tiếp trên youtube period, accountants must determine xem bóng đá trực tiếp trên youtube amount of VAT that is deductible and non-deductible in accordance with VAT regulations.
c) Non-deductible input VAT is calculated into xem bóng đá trực tiếp trên youtube value of purchased assets, cost of goods sold, or production and business expenses depending on specific cases.
d) xem bóng đá trực tiếp trên youtube determination of deductible input VAT, declaration, finalization, and payment of taxes must comply with VAT law.
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Therefore,Account 133 - Deductible VAT is used to reflect xem bóng đá trực tiếp trên youtube input VAT that is deductible, has been deducted, and is still deductible for xem bóng đá trực tiếp trên youtube enterprise.
What is xem bóng đá trực tiếp trên youtube use purpose of account 133 - Deductible VAT in Vietnam? How many sub-accounts are there? (Image from Internet)
Vietnam: How many sub-accounts does Account 133 - Deductible VAT have?
xem bóng đá trực tiếp trên youtube structure and contents of Account 133 – Deductible Value Added Tax are stipulated in Clause 2, Article 19 ofCircular 200/2014/TT-BTCas follows:
Account 133 – Deductible Value Added Tax
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2. Structure and Contents of Account 133 - Deductible VAT
Debit Side:
- Deductible input VAT.
Credit Side:
- Deducted input VAT;
- Transfer of non-deductible input VAT;
- Input VAT on purchased goods returned or discounted;
- Refunded input VAT.
Debit Balance:
- Deductible input VAT, refunded input VAT not yet reimbursed by xem bóng đá trực tiếp trên youtube state budget.
Account 133 - Deductible VAT has 2 sub-accounts:
- Account 1331 - Deductible VAT on goods and services: Reflects deductible input VAT on external purchases of materials, goods, services used for xem bóng đá trực tiếp trên youtube production and business of goods and services subject to VAT by xem bóng đá trực tiếp trên youtube deduction method.
- Account 1332 - Deductible VAT on fixed assets: Reflects input VAT during xem bóng đá trực tiếp trên youtube investment and procurement of fixed assets used in production and business of goods and services subject to VAT by xem bóng đá trực tiếp trên youtube deduction method, including xem bóng đá trực tiếp trên youtube procurement of investment real estate.
Therefore,Account 133 - Deductible VAT has 2 sub-accounts:
- Account 1331 - Deductible VAT on goods and services: Reflects deductible input VAT on external purchases of materials, goods, services used for xem bóng đá trực tiếp trên youtube production and business of goods and services subject to VAT by xem bóng đá trực tiếp trên youtube deduction method.
- Account 1332 - Deductible VAT on fixed assets: Reflects input VAT during xem bóng đá trực tiếp trên youtube investment and procurement of fixed assets used in production and business of goods and services subject to VAT by xem bóng đá trực tiếp trên youtube deduction method, including xem bóng đá trực tiếp trên youtube procurement of investment real estate.
Which entities apply xem bóng đá trực tiếp trên youtube VAT deduction method in Vietnam?
Based on xem bóng đá trực tiếp trên youtube provisions of Clause 1, Article 12 ofCircular 219/2013/TT-BTC, xem bóng đá trực tiếp trên youtube VAT deduction method is applied to business entities that fully implement accounting policies, invoices, and documentation as prescribed by law regarding accounting, invoices, and documentation, which include:
- Business entities currently operating with annual revenue from xem bóng đá trực tiếp trên youtube sale of goods and provision of services from one billion dong or more and fully implementing accounting policies, invoices, and documentation as prescribed by law regarding accounting, invoices, and documentation, except households, individual businesses paying tax by xem bóng đá trực tiếp trên youtube direct method guided in Article 13 ofCircular 219/2013/TT-BTC(Clause 1 of this Article is amended by Clause 4, Article 3 ofCircular 119/2014/TT-BTC);
- Business entities that voluntarily register to apply xem bóng đá trực tiếp trên youtube VAT deduction method, except households, individual businesses paying tax by xem bóng đá trực tiếp trên youtube direct method guided in Article 13 ofCircular 219/2013/TT-BTC(Clause 1 of this Article is amended by Clause 4, Article 3 ofCircular 119/2014/TT-BTC)
- Foreign organizations, individuals supplying goods, services to conduct exploration, development, and exploitation of oil and gas shall pay tax by xem bóng đá trực tiếp trên youtube deduction method with xem bóng đá trực tiếp trên youtube Vietnamese party declaring and paying on their behalf.
