What is trực tiếp bóng đá euro hôm nay VAT rate applicable to three-needled pine resin in Vietnam?
What is trực tiếp bóng đá euro hôm nay VAT rate applicable to three-needled pine resin in Vietnam?
Pursuant to Clause 2, Article 8 of trực tiếp bóng đá euro hôm nayValue Added Tax Law 2008(as amended by Clause 3, Article 1 of trực tiếp bóng đá euro hôm nayLuật thuế giá trị xem bóng đá trựcand further amended by Clauses 2, 3 of Article 3 of trực tiếp bóng đá euro hôm nayLuật sửa đổi các Luật về xem bóng đá trực tiếp), a VAT rate of 5% is applied to trực tiếp bóng đá euro hôm nay following goods and services:
Tax Rate
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2. trực tiếp bóng đá euro hôm nay 5% VAT rate is applied to trực tiếp bóng đá euro hôm nay following goods and services:
a) Clean water for production and living purposes;
b) Ores for fertilizer production; pesticides and growth stimulants for livestock and plants;
c) [Repealed];
d) Services of digging, dredging channels, ditches, ponds, serving agricultural production; cultivation, care, pest control for plants; preliminary processing, and preservation of agricultural products;
dd) Agricultural, livestock, and aquatic products that have not been processed or only preliminarily processed, except for products specified in Clause 1, Article 5 of this Law;
e) Preliminary processed rubber latex;preliminary processed pine resin; nets, yarns, and fibers for weaving fishing nets;
g) Fresh foods; unprocessed forest products, except for wood, bamboo shoots, and products specified in Clause 1, Article 5 of this Law;
h) Sugar; by-products of sugar production, including molasses, bagasse, and mud residues;
i) Products made from jute, rush, bamboo, rattan, straw, coconut husk, coconut shell, water hyacinth, and other handicraft products made from recycled agricultural materials; preliminary processed cotton; newsprint paper;
k) [Repealed];
l) Medical equipment, instruments, medical cotton, medical sanitary pads; preventive and therapeutic drugs; chemical products and pharmaceuticals as raw materials for medicine production;
m) Teaching aids used for teaching and learning, including models, drawings, boards, chalk, rulers, compasses, and other specialized equipment and tools for teaching, research, and scientific experiments;
n) Cultural, exhibition, sports activities; performing arts, film production; import, distribution, and movie screening;
o) Children's toys; various books except for books specified in Clause 15, Article 5 of this Law;
p) Scientific and technological services as regulated by trực tiếp bóng đá euro hôm nay Law on Science and Technology.
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Additionally, guidance provided inOfficial Dispatch 4646/TCT-CS of 2017on value-added tax states:
Clause 1, Article 5 of trực tiếp bóng đá euro hôm nay Value Added Tax Law No. 13/2008/QH12 specifies non-VAT-subjects as follows:
“1. Cultivation, livestock, aquaculture products not processed into other products or only undergo ordinary preliminary processing by trực tiếp bóng đá euro hôm nay organization or individual who directly produce, catch, and sell at trực tiếp bóng đá euro hôm nay importation stage.”
Point e, Clause 2, Article 8 of trực tiếp bóng đá euro hôm nay Value Added Tax Law No. 13/2008/QH12 specifies a 5% VAT rate as follows:
“e) Preliminary processed rubber latex; preliminary processed pine resin; nets, yarns, and fibers for weaving fishing nets.”
Based on these regulations, trực tiếp bóng đá euro hôm nay KonTum Tax Department is requested to clarify trực tiếp bóng đá euro hôm nay process of exploitation and processing of three-needled pine resin to determine:
- If three-needled pine resin is identified as preliminary processed pine resin under Clause 2, Article 8 of trực tiếp bóng đá euro hôm nay VAT Law, trực tiếp bóng đá euro hôm nay VAT rate is 5%.
- If three-needled pine resin is identified as unprocessed pine resin by trực tiếp bóng đá euro hôm nay organization or individual who cultivate it themselves under Clause 1, Article 5 of trực tiếp bóng đá euro hôm nay VAT Law, it falls into trực tiếp bóng đá euro hôm nay category of non-taxable VAT subjects.
From trực tiếp bóng đá euro hôm nay aforementioned regulations, trực tiếp bóng đá euro hôm nay VAT rate applicable to three-needled pine resin is determined as follows:
- In trực tiếp bóng đá euro hôm nay case wherethree-needled pine resin is identified as preliminary processed resin, trực tiếp bóng đá euro hôm nay VAT rate is 5%.
- In trực tiếp bóng đá euro hôm nay case wherethree-needled pine resin is identified as unprocessed resinby trực tiếp bóng đá euro hôm nay organization or individual who grow it themselves, it falls into trực tiếp bóng đá euro hôm nay category of non-taxable VAT subjects.
What is trực tiếp bóng đá euro hôm nay VAT rate applicable to three-needled pine resin in Vietnam? (Image from trực tiếp bóng đá euro hôm nay Internet)
What is trực tiếp bóng đá euro hôm nay taxable price of three-needled pine resin products sold by sole proprietorships in Vietnam?
According to Clause 1, Article 7 of trực tiếp bóng đá euro hôm nay2008 Value Added Tax Law(amended by Clause 2, Article 1 of trực tiếp bóng đá euro hôm nay2013 Amended Value Added Tax Law) regarding VAT taxable price as follows:
Taxable Price
1. Taxable prices are defined as follows:
a) For goods and services sold by production and business entities, it is trực tiếp bóng đá euro hôm nay selling price excluding VAT; for goods and services subject to special consumption tax, it is trực tiếp bóng đá euro hôm nay selling price including special consumption tax but excluding VAT; for goods subject to environmental protection tax, it is trực tiếp bóng đá euro hôm nay selling price including 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 selling price including both but excluding VAT;
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Thus, trực tiếp bóng đá euro hôm nay taxable price for three-needled pine resin products (determined as preliminary processed pine resin) sold by sole proprietorships is trực tiếp bóng đá euro hôm nay selling price excluding VAT.
Does a sole proprietorship paying VAT by trực tiếp bóng đá euro hôm nay credit-invoice methoddeclare tax when selling three-needled pine resin products to individual businesses in Vietnam?
Cases where VAT declaration and payment are not required are specified in Clause 5, Article 5 ofCircular 219/2013/TT-BTCas follows:
Cases not required for VAT declaration and payment
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- Enterprises, cooperatives paying VAT by trực tiếp bóng đá euro hôm nay credit-invoice method selling cultivation, livestock, aquaculture, and seafood products unprocessed into other products or only undergo ordinary preliminary processing to enterprises and cooperatives at trực tiếp bóng đá euro hôm nay commercial trading stage are not required to declare, calculate, and pay VAT. On trực tiếp bóng đá euro hôm nay VAT invoice, trực tiếp bóng đá euro hôm nay selling price is recorded as trực tiếp bóng đá euro hôm nay price without VAT; both trực tiếp bóng đá euro hôm nay tax rate and VAT lines are left blank, crossed out.
In cases where enterprises, cooperatives paying VAT by trực tiếp bóng đá euro hôm nay credit-invoice method sell cultivation, livestock, and aquaculture products unprocessed into other products or only undergo preliminary usual processing to other entities like households, individual businesses, and other organizations, individuals, then VAT must be declared and calculated at trực tiếp bóng đá euro hôm nay rate of 5% as guided in Clause 5, Article 10 of this Circular.
Households, individual businesses, enterprises, cooperatives, and other economic organizations paying VAT by trực tiếp bóng đá euro hôm nay direct calculation method on value-added when selling cultivation, livestock, aquaculture products not processed into other products or only undergo usual preliminary processing at trực tiếp bóng đá euro hôm nay commercial trading stage shall declare and calculate VAT at trực tiếp bóng đá euro hôm nay rate of 1% on revenue.
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Thus, in cases where a sole proprietorship pays VAT by trực tiếp bóng đá euro hôm nay credit-invoice method for products of three-needled pine resin (determined as preliminary processed resin) to individual businesses, it must declare and calculate VAT at trực tiếp bóng đá euro hôm nay rate of 5%.
