Which individual businesses are required to declare VAT xoilac tv trực tiếp bóng đá hôm nay PIT separately in Vietnam?
Which individual businessesdeclare VAT xoilac tv trực tiếp bóng đá hôm nay PIT separately in Vietnam?
Based on Clause 1 Article 6 ofCircular 40/2021/TT-BTCstipulating the cases where individual businesses declare VAT xoilac tv trực tiếp bóng đá hôm nay PIT separately as follows:
Tax calculation method for individuals who pay taxes separately
1. The method of tax declaration separately is applied to individuals who do not conduct regular business xoilac tv trực tiếp bóng đá hôm nay do not have a fixed business location. Irregular business is determined based on the characteristics of production xoilac tv trực tiếp bóng đá hôm nay business activities in each sector, profession, xoilac tv trực tiếp bóng đá hôm nay is self-determined by individuals to choose the tax declaration method according to the guidance in this Circular. A fixed business location is a place where individuals conduct production xoilac tv trực tiếp bóng đá hôm nay business activities such as: transaction locations, stores, shops, factories, warehouses, wharves, yards, or other similar locations.
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Thus, the method of separate VAT xoilac tv trực tiếp bóng đá hôm nay PIT declaration is applied to individuals who do not conduct regular business xoilac tv trực tiếp bóng đá hôm nay do not have a fixed business location.
In which, irregular business xoilac tv trực tiếp bóng đá hôm nay not having a fixed business location for individual businesses are guided as follows:
- Irregular business is determined based on the characteristics of production xoilac tv trực tiếp bóng đá hôm nay business activities in each sector, profession, xoilac tv trực tiếp bóng đá hôm nay is self-determined by individuals to choose the tax declaration method according to the guidance inThông tư 40/2021/TT-BTC.
- A fixed business location is a place where individuals conduct production xoilac tv trực tiếp bóng đá hôm nay business activities such as: transaction locations, stores, shops, factories, warehouses, wharves, yards, or other similar locations.
Which individual businesses pay VAT xoilac tv trực tiếp bóng đá hôm nay PIT separately in Vietnam? (Image from the Internet)
Which individual businesses pay VAT xoilac tv trực tiếp bóng đá hôm nay PIT separately in Vietnam?
According to Clause 2 Article 6 ofCircular 40/2021/TT-BTC, the individuals who pay VAT xoilac tv trực tiếp bóng đá hôm nay PIT separately include:
- Mobile individual businesses;
- Individuals who are private construction contractors;
- Individuals who transfer Vietnam national internet domain names ".vn";
- Individuals who earn income from digital information content products xoilac tv trực tiếp bóng đá hôm nay services if they do not choose to pay taxes by declaration method.
Vietnam: Where to submit VAT xoilac tv trực tiếp bóng đá hôm nay PIT tax declarations separately with individual businesses?
According to Clause 2 Article 12 ofCircular 40/2021/TT-BTC, the place to submit tax declarations for individuals who pay taxes separately is stipulated in Clause 1 Article 45 of the Tax Administration Law 2019. Specifically:
- In the case of mobile business, submit the tax declaration at the Tax Department managing directly where the individual conducts business activities.
- In the case of individuals who earn income from digital information content products xoilac tv trực tiếp bóng đá hôm nay services, submit the tax declaration at the Tax Department managing directly where the individual resides (permanent or temporary residence).
- In the case of individuals who transfer Vietnam national internet domain names ".vn", submit the tax declaration at the Tax Department where the individual resides. If the transferring individual is a non-resident, submit the tax declaration at the tax authority managing directly the organization managing Vietnam national internet domain names ".vn".
- In the case of individuals who are private construction contractors, submit the tax declaration at the Tax Department managing directly where the individual conducts construction activities.
What are bases for calculating VAT xoilac tv trực tiếp bóng đá hôm nay PIT for household businesses xoilac tv trực tiếp bóng đá hôm nay individual businesses in Vietnam?
According to Article 10 ofCircular 40/2021/TT-BTC, the basis for calculating VAT xoilac tv trực tiếp bóng đá hôm nay PIT for household businesses xoilac tv trực tiếp bóng đá hôm nay individual businesses is taxable revenue xoilac tv trực tiếp bóng đá hôm nay the tax rate on revenue. Specifically:
- Taxable revenue
Taxable revenue for VAT xoilac tv trực tiếp bóng đá hôm nay PIT for household businesses xoilac tv trực tiếp bóng đá hôm nay individual businesses is the revenue including tax (in the case of taxable items) of the total amount from selling goods, processing fees, commissions, service provision fees arising during the tax period from production xoilac tv trực tiếp bóng đá hôm nay business activities of goods xoilac tv trực tiếp bóng đá hôm nay services, including bonuses, support for achieving sales targets, promotions, commercial discounts, payment discounts, support in cash or in kind; subsidies, surcharges, extra charges, additional fees according to regulations; compensation for breach of contract, other compensations (only included in the taxable revenue for PIT); other revenue that the household business or business individual is entitled to, regardless of whether the amount has been collected or not.
- Tax rate on revenue
+ The tax rate on revenue includes the VAT rate xoilac tv trực tiếp bóng đá hôm nay the PIT rate, applied in detail to each sector xoilac tv trực tiếp bóng đá hôm nay profession according to the guidance in Appendix I issued withThông tư 40/2021/TT-BTC.
+ In cases where household businesses xoilac tv trực tiếp bóng đá hôm nay individual businesses operate in multiple sectors xoilac tv trực tiếp bóng đá hôm nay professions, they shall declare xoilac tv trực tiếp bóng đá hôm nay calculate taxes according to the tax rate on revenue applied to each sector xoilac tv trực tiếp bóng đá hôm nay profession. If the household business or business individual cannot determine the taxable revenue of each sector xoilac tv trực tiếp bóng đá hôm nay profession or determines it incorrectly with the actual business activities, the tax authority will impose the taxable revenue of each sector xoilac tv trực tiếp bóng đá hôm nay profession according to the provisions of the tax administration law.
- Determining the payable tax amount
Payable VAT = Taxable revenue for VAT x VAT rate
Payable PIT = Taxable revenue for PIT x PIT rate
Where:
+ Taxable revenue for VAT xoilac tv trực tiếp bóng đá hôm nay PIT is guided in Clause 1 Article 10 ofCircular 40/2021/TT-BTC.
+ The VAT rate xoilac tv trực tiếp bóng đá hôm nay PIT rate are guided in Appendix I issued withThông tư 40/2021/TT-BTC.
