Is declaring and paying VAT required for vtv5 trực tiếp bóng đá hôm nay transfer of Internet domain usage rights in Vietnam?

Shall an invoice be issuedfor vtv5 trực tiếp bóng đá hôm nay transfer of Internet domain usage rights in Vietnam?

vtv5 trực tiếp bóng đá hôm nay principles for issuing, managing, and using invoices and vouchers are stipulated in Clause 1, Article 4 ofDecree 123/2020/ND-CPas follows:

Principles for issuing, managing, and using invoices and vouchers

1. When selling goods or providing services, vtv5 trực tiếp bóng đá hôm nay seller must issue an invoice to deliver to vtv5 trực tiếp bóng đá hôm nay buyer (including cases where goods and services are used for promotion, advertising, samples; goods and services given as gifts, donations, exchange, or as salary payment for employees and for internal consumption (except for goods internally circulated to continue production processes); exporting goods under forms of loan, lending, or return) and must fully record content per vtv5 trực tiếp bóng đá hôm nay regulations in Article 10 of this Decree. If electronic invoices are used, they must be formatted to vtv5 trực tiếp bóng đá hôm nay standard data structure by vtv5 trực tiếp bóng đá hôm nay tax authority per vtv5 trực tiếp bóng đá hôm nay regulation in Article 12 of this Decree.

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Based on vtv5 trực tiếp bóng đá hôm nay regulations that when selling goods, vtv5 trực tiếp bóng đá hôm nay seller must issue an invoice to deliver to vtv5 trực tiếp bóng đá hôm nay buyer and fully record vtv5 trực tiếp bóng đá hôm nay content as stipulated in Article 10 ofDecree 123/2020/ND-CP, in cases of using electronic invoices, they must follow vtv5 trực tiếp bóng đá hôm nay standard data format by vtv5 trực tiếp bóng đá hôm nay tax authority as regulated in Article 12 ofDecree 123/2020/ND-CP.

Thus, in cases where enterprises transfer vtv5 trực tiếp bóng đá hôm nay right to use Internet domain names in accordance with vtv5 trực tiếp bóng đá hôm nay law, they must issue an invoice.

Is declaring and paying VAT required for vtv5 trực tiếp bóng đá hôm nay transfer of Internet domain usage rights in Vietnam? (Image from vtv5 trực tiếp bóng đá hôm nay Internet)

Is it required to declare and pay VAT for vtv5 trực tiếp bóng đá hôm nay transfer of Internet domain usage rights in Vietnam?

According to vtv5 trực tiếp bóng đá hôm nay guidance inOfficial Dispatch 14845/CTHN-TTHT of 2023regarding VAT policies for activities transferring vtv5 trực tiếp bóng đá hôm nay right to use Internet domain names as follows:

- According to Circular No. 219/2013/TT-BTC dated December 31, 2013, of vtv5 trực tiếp bóng đá hôm nay Ministry of Finance guiding vtv5 trực tiếp bóng đá hôm nay implementation of vtv5 trực tiếp bóng đá hôm nay Value Added Tax Law and Decree No. 209/2013/ND-CP dated December 18, 2013, of vtv5 trực tiếp bóng đá hôm nay Government of Vietnam stipulating detailed regulations and guidance on implementing some articles of vtv5 trực tiếp bóng đá hôm nay Value Added Tax Law:

+ Article 2 stipulates vtv5 trực tiếp bóng đá hôm nay subjects of VAT:

“Article 2. Subjects of VAT

vtv5 trực tiếp bóng đá hôm nay subjects of value-added tax (VAT) are goods and services used for production, business, and consumption in Vietnam (including goods and services purchased from organizations and individuals foreign), except for subjects not subject to VAT guided in Article 4 of this Circular.”

+ Article 11 stipulates a 10% tax rate:

“Article 11. 10% tax rate

vtv5 trực tiếp bóng đá hôm nay 10% tax rate applies to goods and services not specified in Article 4, Article 9, and Article 10 of this Circular.

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Based on vtv5 trực tiếp bóng đá hôm nay above regulations, in cases where vtv5 trực tiếp bóng đá hôm nay Economic & Urban Newspaper transfers vtv5 trực tiếp bóng đá hôm nay right to use Internet domain names in accordance with vtv5 trực tiếp bóng đá hôm nay law, it must issue invoices and declare and pay VAT with a VAT rate of 10% according to vtv5 trực tiếp bóng đá hôm nay regulations in Article 4 of Decree No. 123/2020/ND-CP of vtv5 trực tiếp bóng đá hôm nay Government of Vietnam, Article 11 of Circular No. 219/2013/TT-BTC of vtv5 trực tiếp bóng đá hôm nay Ministry of Finance.

Based on vtv5 trực tiếp bóng đá hôm nay above regulations, in cases where enterprises transfer vtv5 trực tiếp bóng đá hôm nay right to use Internet domain names, theymust declare and pay VAT with a VAT rate of 10%.

When is vtv5 trực tiếp bóng đá hôm nay time to determine VAT for vtv5 trực tiếp bóng đá hôm nay transfer of Internet domain usage rights in Vietnam?

vtv5 trực tiếp bóng đá hôm nay time to determine VAT is determined according to Article 8 ofCircular 219/2013/TT-BTCas follows:

Time to determine VAT

1. For goods sales, it is vtv5 trực tiếp bóng đá hôm nay time of transfer of ownership or right to use goods to vtv5 trực tiếp bóng đá hôm nay buyer, regardless of whether money has been collected.

2. For vtv5 trực tiếp bóng đá hôm nay provision of services, it is vtv5 trực tiếp bóng đá hôm nay time of completion of service provision or vtv5 trực tiếp bóng đá hôm nay time of issuing vtv5 trực tiếp bóng đá hôm nay service provision invoice, regardless of whether money has been collected.

For telecommunications services, it is vtv5 trực tiếp bóng đá hôm nay time of completing data reconciliation of connection service charges per vtv5 trực tiếp bóng đá hôm nay economic agreement between telecommunications service business entities, but not more than 2 months from vtv5 trực tiếp bóng đá hôm nay connection service charge's occurrence month.

3. For electricity and clean water supply, it is vtv5 trực tiếp bóng đá hôm nay date of recording electricity and water consumption indices on vtv5 trực tiếp bóng đá hôm nay meter to record on vtv5 trực tiếp bóng đá hôm nay billing invoice.

4. For real estate, infrastructure, house construction for sale, transfer, or lease activities, it is vtv5 trực tiếp bóng đá hôm nay time of receiving money according to vtv5 trực tiếp bóng đá hôm nay project implementation schedule or payment progress recorded in vtv5 trực tiếp bóng đá hôm nay contract. Based on vtv5 trực tiếp bóng đá hôm nay collected amount, vtv5 trực tiếp bóng đá hôm nay business entity declares output VAT arising in vtv5 trực tiếp bóng đá hôm nay period.

5. For construction and installation, including shipbuilding, it is vtv5 trực tiếp bóng đá hôm nay time of project acceptance and handover of vtv5 trực tiếp bóng đá hôm nay completed project items or work volume, regardless of whether money has been collected.

6. For imported goods, it is vtv5 trực tiếp bóng đá hôm nay time of customs declaration registration.

Thus, vtv5 trực tiếp bóng đá hôm nay time to determine VAT for vtv5 trực tiếp bóng đá hôm nay activity of transferring vtv5 trực tiếp bóng đá hôm nay right to use Internet domain names is vtv5 trực tiếp bóng đá hôm nay time of transferring vtv5 trực tiếp bóng đá hôm nay right to use to vtv5 trực tiếp bóng đá hôm nay buyer, regardless of whether money has been collected.