Which types trực tiếp bóng đá k+ goods and services are eligible for a VAT reduction in Vietnam in the first half trực tiếp bóng đá k+ 2025?

Which types trực tiếp bóng đá k+ goods and services are eligible for a 2% VAT reduction in Vietnamin the first six months trực tiếp bóng đá k+ 2025?

Pursuant to Article 1 trực tiếp bóng đá k+xoilac tv trực tiếp bóng, the goods and services subject to a VAT reduction for the first six months trực tiếp bóng đá k+ 2025 are specified as follows:

(1) Reduction trực tiếp bóng đá k+ VAT for groups trực tiếp bóng đá k+ goods and services currently applying a tax rate trực tiếp bóng đá k+ 10%, except for the following groups trực tiếp bóng đá k+ goods and services:

- Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and fabricated metal products, mineral products (excluding coal extraction), coke, refined petroleum, and chemical products. Details are provided in Appendix 1 attached to this Decree.

- Goods and services subject to special consumption tax. Details are in Appendix 2 attached toxoilac tv trực tiếp bóng

- Information technology according to IT law. Details are in Appendix 3 attached toxoilac tv trực tiếp bóng

- The VAT reduction for each type trực tiếp bóng đá k+ goods and services specified in Clause 1, Article 1 trực tiếp bóng đá k+xoilac tv trực tiếp bóngis uniformly applied at stages trực tiếp bóng đá k+ importation, production, processing, and commercial business. For coal products extracted and sold (including cases where coal is extracted, screened, and classified through a closed process before being sold), they are eligible for a VAT reduction. Coal items in Appendix I attached toxoilac tv trực tiếp bóngat stages other than extraction and sale are not eligible for VAT reduction.

General companies and economic groups that conduct a closed process before selling also qualify for a VAT reduction for coal extracted and sold.

In cases where goods and services listed in Appendices 1, 2, and 3 attached toxoilac tv trực tiếp bóngfall under non-VAT or 5% VAT as per theLuật Thuế giá trị đá bóng trực, the law's stipulations shall be followed without any VAT reduction.

Referencing the provision in Article 8 trực tiếp bóng đá k+Law on Value Added Tax 2008(as amended by Clause 3, Article 1 trực tiếp bóng đá k+Law on Value Added Tax Amendment 2013, Clause 2, Article 3 trực tiếp bóng đá k+Law Amending Tax Laws 2014, and Clause 2, Article 1 trực tiếp bóng đá k+Law on Value Added Tax, Special Consumption Tax and amended Tax Management 2016), a 10% tax rate applies to common goods and services not subject to rates trực tiếp bóng đá k+ 0% and 5%.

(2) Rate trực tiếp bóng đá k+ VAT reduction:

- Business establishments calculating VAT by the deduction method shall apply a VAT rate trực tiếp bóng đá k+ 8% for goods and services stipulated in(1)

- Business establishments (including business households and individuals) calculating VAT based on a percentage trực tiếp bóng đá k+ revenue shall have a 20% reduction in the percentage for calculating VAT on invoices issued for goods and services subject to VAT reduction as specified in(1).

Which types trực tiếp bóng đá k+ goods and services are eligible for a VAT reduction in Vietnam in the first half trực tiếp bóng đá k+ 2025? (Image from the Internet)

How long does the VAT reduction period last in Vietnam?

Based on Article 2 trực tiếp bóng đá k+xoilac tv trực tiếp bóng, the regulation on the effective period is as follows:

Effective period and implementation

1. This Decree takes effect from January 1, 2025, until the end trực tiếp bóng đá k+ June 30, 2025.

2. The Ministries in accordance with their functions, duties, and the People's Committees trực tiếp bóng đá k+ provinces and centrally-run cities direct relevant agencies to deploy, publicize, guide, inspect, and supervise so that consumers understand and benefit from the VAT reduction outlined in Article 1 trực tiếp bóng đá k+ this Decree, focusing on solutions to maintain stability in the supply and demand trực tiếp bóng đá k+ goods and services subject to VAT reduction to keep market prices (excluding VAT) stable from January 1, 2025, to June 30, 2025.

3. During implementation, any arising issues will be addressed and resolved under the guidance trực tiếp bóng đá k+ the Ministry trực tiếp bóng đá k+ Finance.

4. Ministries, heads trực tiếp bóng đá k+ ministerial-level agencies, heads trực tiếp bóng đá k+ agencies under the Government trực tiếp bóng đá k+ Vietnam, Chairpersons trực tiếp bóng đá k+ People's Committees trực tiếp bóng đá k+ provinces and centrally-run cities, and related enterprises, organizations, and individuals are responsible for implementing this Decree.

Therefore, the 2% VAT reduction period in 2025 is from January 1, 2025, to the end trực tiếp bóng đá k+ June 30, 2025.

What is the penalty for late filing trực tiếp bóng đá k+ VAT returns in Vietnam?

According to Article 13 trực tiếp bóng đá k+Decree 125/2020/ND-CP, penalties for late submission trực tiếp bóng đá k+ VAT returns are prescribed as follows:

(1)A warning is imposed for late submission trực tiếp bóng đá k+ VAT returns from 1 to 5 days if there are mitigating circumstances.

(2)A fine trực tiếp bóng đá k+ 2,000,000 VND to 5,000,000 VND is imposed for late submission trực tiếp bóng đá k+ VAT returns from 1 to 30 days, except as specified in Clause 1, Article 13 trực tiếp bóng đá k+Decree 125/2020/ND-CP

(3)A fine trực tiếp bóng đá k+ 5,000,000 VND to 8,000,000 VND is imposed for late submission trực tiếp bóng đá k+ VAT returns from 31 to 60 days.

(4)A fine trực tiếp bóng đá k+ 8,000,000 VND to 15,000,000 VND is imposed for any trực tiếp bóng đá k+ the following violations:

- Late submission trực tiếp bóng đá k+ VAT returns from 61 to 90 days;

- Late submission trực tiếp bóng đá k+ VAT returns for over 91 days without arising tax obligations;

- Non-submission trực tiếp bóng đá k+ VAT returns without arising tax obligations;

(5)A fine trực tiếp bóng đá k+ 15,000,000 VND to 25,000,000 VND is imposed for late submission trực tiếp bóng đá k+ VAT returns over 90 days from the tax filing deadline, with tax obligations arising, provided the tax payer has fully paid the tax amount and late payment to the state budget before the tax authority announces the tax inspection or audit decision or before the tax authority records the delay in tax return submission per Clause 11, Article 143 trực tiếp bóng đá k+Tax Administration Law 2019.

If the fine calculated under this clause exceeds the tax amount arising in the tax return, the maximum fine shall be equivalent to the tax amount due in the tax return but not less than the average fine within the monetary penalty frame specified in Clause 4, Article 13 trực tiếp bóng đá k+Decree 125/2020/ND-CP

In addition, individuals committing such violations must undertake remedial measures:

- Compulsorily pay the full overdue tax amount into the state budget for violations specified in Clauses 1, 2, 3, 4, and 5, Article 13 trực tiếp bóng đá k+Decree 125/2020/ND-CPwhen delayed VAT filing leads to overdue tax payment;

- Required to submit tax returns and accompanying appendices for violations mentioned in Points c and d, Clause 4, Article 13 trực tiếp bóng đá k+Decree 125/2020/ND-CP

Note:The above penalties for late VAT return submission apply to organizational violations. For individuals with similar violations, the fine is half the amount imposed on organizations (as per Clause 5, Article 5 trực tiếp bóng đá k+Decree 125/2020/ND-CP).