When is the time to declare value-added đá bóng trực tiếp monthly in Vietnam?

When is the time to declare value-added đá bóng trực tiếp monthly in Vietnam?

Based on Clause 1, Article 8 ofDecree 126/2020/ND-CP, the regulations are as follows:

Taxes declared monthly, quarterly, annually, upon each đá bóng trực tiếp obligation arising, and đá bóng trực tiếp finalization declarations

1. Types of taxes and other state budget revenues managed by đá bóng trực tiếp authorities to be declared monthly include:

a) Value-added đá bóng trực tiếp and personal income đá bóng trực tiếp. In case the taxpayer meets the criteria stipulated in Article 9 of this Decree, they may opt to declare quarterly.

b) Special consumption đá bóng trực tiếp.

c) Environmental protection đá bóng trực tiếp.

d) Natural resource đá bóng trực tiếp, except as prescribed in point e of this clause.

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Value-added đá bóng trực tiếp is a type of đá bóng trực tiếp that organizations and individuals declare monthly. However, if the taxpayer meets the conditions to be eligible to declare quarterly, they may choose to declare either monthly or quarterly.

When is the time to declare value-added đá bóng trực tiếp monthly in Vietnam?(Image from the Internet)

When is the time to declare value-added taxquarterly in Vietnam?

Based on Clause 1, Article 9 ofDecree 126/2020/ND-CP, the regulations are as follows:

Criteria for quarterly đá bóng trực tiếp declaration for value-added đá bóng trực tiếp and personal income đá bóng trực tiếp

1. Criteria for quarterly đá bóng trực tiếp declaration

a) Quarterly value-added đá bóng trực tiếp declaration applies to:

a.1) Taxpayers subject to monthly value-added đá bóng trực tiếp declaration as stipulated in point a, clause 1, Article 8 of this Decree, if their total revenue from the sale of goods and provision of services in the preceding year is 50 billion dong or less, they are eligible to declare value-added đá bóng trực tiếp quarterly. Revenue from the sale of goods and provision of services is determined as the total revenue declared on value-added đá bóng trực tiếp returns for the đá bóng trực tiếp periods in the calendar year.

In case the taxpayer centralizes đá bóng trực tiếp declaration at the headquarters for dependent units, business locations, the revenue from the sale of goods and provision of services include the revenue of the dependent units, business locations.

a.2) In case the taxpayer has just started operations, they may choose to declare value-added đá bóng trực tiếp quarterly. After 12 months of operation, from the following calendar year, they will base the declaration on the revenue of the preceding calendar year (full 12 months) to perform value-added đá bóng trực tiếp declaration either monthly or quarterly.

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Thus, taxpayers eligible to declare quarterly must first be subject to monthly declarations and must meet the following conditions to opt for quarterly declarations:

- The total revenue from the sale of goods and provision of services in the preceding year is 50 billion dong or less.

- New operations and business start.

Principles of đá bóng trực tiếp declaration in Vietnam

According to Article 42 of the2019 Law on đá bóng trực tiếp Managementregarding principles of đá bóng trực tiếp declaration and calculation:

- Taxpayers must declare accurately, truthfully, and fully the content in the đá bóng trực tiếp declaration form as prescribed by the Minister of Finance and submit all relevant documents as required in the đá bóng trực tiếp declaration dossier to the đá bóng trực tiếp authority.

- Taxpayers calculate the payable đá bóng trực tiếp amount themselves, except where the đá bóng trực tiếp authority calculates the đá bóng trực tiếp under government regulations.

- Taxpayers make đá bóng trực tiếp declarations and đá bóng trực tiếp calculations at the local đá bóng trực tiếp agency with jurisdiction over their headquarters.

In cases where taxpayers have centralized accounting at the headquarters but have dependent units in different provincial administrative units rather than the headquarters location:

Taxpayers declare đá bóng trực tiếp at the headquarters and calculate, allocate the đá bóng trực tiếp responsibility to respective localities where revenue from state budget sources is enjoyed.

- For e-commerce business operations, digital platform-based businesses, and other services provided by foreign suppliers without a permanent establishment in Vietnam:

Foreign suppliers are obligated to directly or authorize others to perform taxpayer registration, đá bóng trực tiếp declarations, and đá bóng trực tiếp payments in Vietnam as prescribed by the Minister of Finance.

- Filing principles and đá bóng trực tiếp valuation in related party transactions are regulated as follows:

+ Declare and determine the price of related party transactions based on comparative analysis with independent transactions and the principle that the nature of activities, transactions determines the đá bóng trực tiếp liability to establish payable đá bóng trực tiếp as in conditions of independent transactions;

+ Related party transaction prices are adjusted according to independent transactions to declare and determine payable đá bóng trực tiếp based on the principle of not reducing taxable income;

+ Small-scale taxpayers with low đá bóng trực tiếp risk are exempt from complying with points a, b, clause 5, Article 422020 Law on đá bóng trực tiếp Managementand may apply simplified procedures in declaring and determining related party transaction prices.

- Principles of đá bóng trực tiếp declaration for advance pricing agreements are regulated as follows:

+ The application of advance pricing agreements is based on the taxpayer's proposal and consensus between the đá bóng trực tiếp agency and the taxpayer under unilateral, bilateral, and multilateral agreements between the đá bóng trực tiếp agency, the taxpayer, and relevant foreign đá bóng trực tiếp agencies, territories;

+ The application of advance pricing agreements must rely on the taxpayer's information, verified commercial databases ensuring legality;

+ The application of advance pricing agreements must be approved by the Minister of Finance before implementation;

For bilateral and multilateral agreements involving foreign đá bóng trực tiếp agencies, international treaties, or agreements take precedence.