xoilac tv trực tiếp bóng đá hôm nayWhen assets are circulated when a sole proprietorship converts to an LLC in Vietnam, shall assets subject to VAT declaration and payment?

When assets are circulated when a sole proprietorship converts to an LLC in Vietnam, shall assets subject to VAT declaration and payment?

xoilac tv trực tiếp bóng đá hôm nay cases where VAT declaration and payment are not required are stipulated at Point b, Clause 7, Article 5 ofCircular 219/2013/TT-BTCas follows:

Cases where VAT declaration and payment are not required

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7. Other cases:

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b) Assets are circulated among dependent accounting units in an enterprise; transfer of assets upon division, separation, consolidation, merger, or conversion of xoilac tv trực tiếp bóng đá hôm nay type of enterprise. Transferred assets between member units dependent on xoilac tv trực tiếp bóng đá hôm nay business establishment; assets transferred upon division, separation, consolidation, merger, or conversion of xoilac tv trực tiếp bóng đá hôm nay type of enterprise. xoilac tv trực tiếp bóng đá hôm nay business establishment with transferred assets must issue an asset transfer order accompanied by xoilac tv trực tiếp bóng đá hôm nay dossier of asset origin and no invoice is required.

In cases where assets are circulated between independent accounting units or between member units with full legal status within xoilac tv trực tiếp bóng đá hôm nay same business establishment, xoilac tv trực tiếp bóng đá hôm nay establishment must issue a VAT invoice and declare and pay VAT according to regulations, except as guided in Clause 6 of this Article.

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Thus,for xoilac tv trực tiếp bóng đá hôm nay case of a sole proprietorship converting to an LLC, VAT declaration and payment for transferred assets are not required.

However, xoilac tv trực tiếp bóng đá hôm nay sole proprietorship with transferred assets must issue an asset transfer order, accompanied by a dossier of asset origin and no invoice is needed.

When assets are circulated when a sole proprietorship converts to an LLC in Vietnam, shall assets subject to VAT declaration and payment? (Image from xoilac tv trực tiếp bóng đá hôm nay Internet)

Vietnam: Does converting a sole proprietorship to an LLC require tax settlement?

xoilac tv trực tiếp bóng đá hôm nay tax declaration dossier for enterprise type conversion is stipulated at Article 43 of xoilac tv trực tiếp bóng đá hôm nayLaw on Tax Administration 2019as follows:

Tax declaration dossier

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6. xoilac tv trực tiếp bóng đá hôm nay tax declaration dossier for cases of business cessation, contract termination, enterprise type conversion*, reorganization of an enterprise includes:*

a) Tax settlement declaration;

b) Financial statements up to xoilac tv trực tiếp bóng đá hôm nay point of activity termination, contract termination, enterprise type conversion, or reorganization;

c) Other relevant documents related to tax settlement.

7. Country-by-country profit report in xoilac tv trực tiếp bóng đá hôm nay case where xoilac tv trực tiếp bóng đá hôm nay taxpayer is xoilac tv trực tiếp bóng đá hôm nay ultimate parent company of a multinational group in Vietnam with cross-border affiliate transactions and has global consolidated revenue exceeding xoilac tv trực tiếp bóng đá hôm nay prescribed level or xoilac tv trực tiếp bóng đá hôm nay taxpayer has xoilac tv trực tiếp bóng đá hôm nay ultimate parent company overseas which is obliged to prepare a country-by-country profit report according to xoilac tv trực tiếp bóng đá hôm nay regulations of xoilac tv trực tiếp bóng đá hôm nay host country.

8. xoilac tv trực tiếp bóng đá hôm nay Government of Vietnam provides detailed regulations on tax declaration dossiers stipulated in this Article; specifies types of taxes declared monthly, quarterly, annually, upon each occurrence of tax liability, tax settlement declaration; declaration of fees, charges collected by Vietnamese representative offices abroad; declaration, provision, exchange, use of information on country-by-country profit reports; criteria for determining taxpayers for quarterly tax declaration.

Thus,in xoilac tv trực tiếp bóng đá hôm nay case of converting a sole proprietorship to an LLC, tax settlement is still required to complete xoilac tv trực tiếp bóng đá hôm nay tax declaration dossier.

What documents are included in xoilac tv trực tiếp bóng đá hôm nay application for converting a sole proprietorship to an LLC in Vietnam?

Based on xoilac tv trực tiếp bóng đá hôm nay provisions of Clause 1, Article 26 ofDecree 01/2021/ND-CP, in xoilac tv trực tiếp bóng đá hôm nay case of converting a sole proprietorship to an LLC (a multi-member LLC or a single-member LLC), xoilac tv trực tiếp bóng đá hôm nay application includes xoilac tv trực tiếp bóng đá hôm nay following documents:

- Enterprise application for a multi-member LLC as stipulated in Article 23 ofDecree 01/2021/ND-CP, excluding xoilac tv trực tiếp bóng đá hôm nay Investment Registration Certificate stipulated at Point c, Clause 4 of this Article;

- Enterprise application for a single-member LLC as stipulated in Article 24 ofDecree 01/2021/ND-CP, excluding xoilac tv trực tiếp bóng đá hôm nay Investment Registration Certificate stipulated at Point c, Clause 3 of this Article;

xoilac tv trực tiếp bóng đá hôm nay dossier must include xoilac tv trực tiếp bóng đá hôm nay following documents:

- A written commitment by xoilac tv trực tiếp bóng đá hôm nay owner of xoilac tv trực tiếp bóng đá hôm nay sole proprietorship to personally be liable for all unpaid debts with all their assets and a commitment to pay off all debts as they become due;

- A written agreement between xoilac tv trực tiếp bóng đá hôm nay sole proprietorship owner and xoilac tv trực tiếp bóng đá hôm nay parties to unliquidated contracts regarding xoilac tv trực tiếp bóng đá hôm nay transferred company's acceptance and continuation of these contracts;

- A written commitment or agreement between xoilac tv trực tiếp bóng đá hôm nay sole proprietorship owner and other contributing members regarding xoilac tv trực tiếp bóng đá hôm nay acceptance and use of xoilac tv trực tiếp bóng đá hôm nay existing workforce of xoilac tv trực tiếp bóng đá hôm nay sole proprietorship;

- Transfer contracts or documents proving xoilac tv trực tiếp bóng đá hôm nay completion of xoilac tv trực tiếp bóng đá hôm nay capital transfer in xoilac tv trực tiếp bóng đá hôm nay case of capital transfer of xoilac tv trực tiếp bóng đá hôm nay sole proprietorship; gift contracts in xoilac tv trực tiếp bóng đá hôm nay case of gifting capital of xoilac tv trực tiếp bóng đá hôm nay sole proprietorship; a copy of xoilac tv trực tiếp bóng đá hôm nay document confirming xoilac tv trực tiếp bóng đá hôm nay legal inheritance rights of xoilac tv trực tiếp bóng đá hôm nay heir in accordance with xoilac tv trực tiếp bóng đá hôm nay law;

- A document from xoilac tv trực tiếp bóng đá hôm nay Investment Registration Authority approving xoilac tv trực tiếp bóng đá hôm nay contribution of capital, purchase of shares, or purchase of capital contributions by foreign investors or foreign-invested economic organizations in cases requiring registration procedures for capital contribution, share purchase, or capital contribution purchase according to xoilac tv trực tiếp bóng đá hôm nay Investment Law.