When will a reduction vtv2 trực tiếp bóng đá hôm nay VAT to 8% be applied in Vietnam?
When will a reduction vtv2 trực tiếp bóng đá hôm nay VAT to 8% be applied in Vietnam?
Pursuant to Article 2 vtv2 trực tiếp bóng đá hôm nayDecree 72/2024/ND-CPstipulating the effective implementation vtv2 trực tiếp bóng đá hôm nay the VAT reduction policy as follows:
Effectiveness and Implementation
- This Decree is effective from July 1, 2024, until the end vtv2 trực tiếp bóng đá hôm nay December 31, 2024.
- Ministries according to their functions, tasks, and the People's Committees vtv2 trực tiếp bóng đá hôm nay provinces and centrally-affiliated cities shall direct relevant agencies to implement propaganda, guidance, inspection, supervision to ensure that consumers understand and benefit from the VAT reduction stipulated in Article 1 vtv2 trực tiếp bóng đá hôm nay this Decree, focusing on solutions to stabilize the supply and demand vtv2 trực tiếp bóng đá hôm nay goods and services subject to tax reduction, aiming to maintain stable market prices (excluding VAT) from July 1, 2024, until the end vtv2 trực tiếp bóng đá hôm nay December 31, 2024.
- During implementation, if issues arise, the Ministry vtv2 trực tiếp bóng đá hôm nay Finance is entrusted to guide and resolve them.
- Ministers, Heads vtv2 trực tiếp bóng đá hôm nay ministerial-level agencies, Heads vtv2 trực tiếp bóng đá hôm nay government-attached agencies, Chairmen vtv2 trực tiếp bóng đá hôm nay People's Committees vtv2 trực tiếp bóng đá hôm nay provinces and centrally-affiliated cities, and related enterprises, organizations, and individuals are responsible for enforcing this Decree.
From the above stipulation, it can be seen that the policy vtv2 trực tiếp bóng đá hôm nay reducing VAT to 8% is applied until the end vtv2 trực tiếp bóng đá hôm nay December 31, 2024.
When will a reduction vtv2 trực tiếp bóng đá hôm nay VAT to 8% be applied in Vietnam?(Image from Internet)
Which goods and services shall an 8%VAT rate apply to in Vietnam?
According to clause 1, Article 1 vtv2 trực tiếp bóng đá hôm nayDecree 72/2024/ND-CP, the VAT reduction applies to goods and services currently subject to a 10% tax rate, excluding the following groups:
- Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and fabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products. Details in Appendix I attached toDecree 72/2024/ND-CP.
- Goods and services subject to special consumption tax. Details in Appendix II attached toDecree 72/2024/ND-CP.
- Information technology as per information technology legislation. Details in Appendix III attached toDecree 72/2024/ND-CP.
- The reduction vtv2 trực tiếp bóng đá hôm nay VAT for each type vtv2 trực tiếp bóng đá hôm nay goods and services is uniformly applied at the stages vtv2 trực tiếp bóng đá hôm nay import, production, processing, and commercial business.
+ For coal mining goods sold (including cases where mined coal is then screened, classified through a closed process before being sold), they are subject to the VAT reduction.
+ Coal products listed in Appendix I attached toDecree 72/2024/ND-CP, at stages other than mining for sale are not eligible for VAT reduction.
+ Corporations and economic groups engaging in a closed process for sale also fall under the category vtv2 trực tiếp bóng đá hôm nay VAT reduction for coal mining goods sold.
+ In cases where goods and services listed in Appendices I, II, and III attached toDecree 72/2024/ND-CPare not subject to VAT or are subject to 5% VAT, they shall comply with the regulations vtv2 trực tiếp bóng đá hôm nay the VAT Law and are not eligible for the VAT reduction.
What are cases vtv2 trực tiếp bóng đá hôm nay exemption fromVAT declarance, calculation, or payment in Vietnam?
According to clause 3, Article 2 vtv2 trực tiếp bóng đá hôm nayDecree 209/2013/ND-CP, the cases that are not required to declare, calculate, or pay VAT are defined as follows:
- Organizations and individuals receiving compensation, bonuses, support money, transfer vtv2 trực tiếp bóng đá hôm nay emission rights, and other financial receipts.
- Organizations and individuals producing and trading in Vietnam purchasing services from foreign organizations without a permanent establishment in Vietnam, non-resident foreign individuals in Vietnam, including: Repair vtv2 trực tiếp bóng đá hôm nay transportation means, machinery, equipment (including materials, replacement parts); advertising, marketing; investment and trade promotion; brokerage vtv2 trực tiếp bóng đá hôm nay goods and services provision; training; sharing postal and international telecommunications charges with foreign countries where these services are performed outside Vietnam.
- Organizations and individuals not engaged in business activities, not subject to VAT, selling assets.
- Organizations and individuals transferring investment projects for the production, business vtv2 trực tiếp bóng đá hôm nay goods, services subject to VAT to enterprises, cooperatives.
- Agricultural, livestock, aquaculture products not processed into other products or only undergone rudimentary processing sold to enterprises, cooperatives, except cases stipulated in Clause 1, Article 5 vtv2 trực tiếp bóng đá hôm nay theLaw on VAT 2008.
