trực tiếp bóng đá k+Is natural rock salt subject to VAT in Vietnam in 2025?
Is natural rock salt subject toVAT in Vietnamin 2025?
Based on Clause 4, Article 5 of trực tiếp bóng đá k+Law on Value Added Tax 2024, specific regulations on non-taxable subjects are as follows:
Non-taxable Subjects
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- Animal feed according to trực tiếp bóng đá k+ provisions of trực tiếp bóng đá k+ law on animal husbandry; aquatic feed according to trực tiếp bóng đá k+ provisions of trực tiếp bóng đá k+ law on fisheries.
- Salt products produced from seawater, natural rock salt, refined salt, iodized salt whose main ingredient is Sodium Chloride (NaCl).
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Based on Article 18 of trực tiếp bóng đá k+Law on Value Added Tax 2024, specific regulations on trực tiếp bóng đá k+ effective date are as follows:
Effective Date
- This Law takes effect from July 1, 2025, except as provided in Clause 2 of this Article.
- trực tiếp bóng đá k+ regulations on trực tiếp bóng đá k+ revenue level of households and individual producers or business entities subject to non-taxable status in Clause 25, Article 5 of this Law and Article 17 of this Law take effect from January 1, 2026.
- trực tiếp bóng đá k+ Law on Value Added Tax No. 13/2008/QH12, as amended and supplemented by Law No. 31/2013/QH13, Law No. 71/2014/QH13, and Law No. 106/2016/QH13, ceases to be effective from trực tiếp bóng đá k+ date this Law takes effect.
Accordingly, according to trực tiếp bóng đá k+ above regulations, from July 1, 2025, natural rock salt will not be subject to value added tax.
Is natural rock salt subject to VAT in Vietnam in 2025?(Image from trực tiếp bóng đá k+ Internet)
How is trực tiếp bóng đá k+ value added tax base calculated in Vietnamfrom July 1, 2025?
According to Article 7 of trực tiếp bóng đá k+Law on Value Added Tax 2024, specific regulations on trực tiếp bóng đá k+ value added tax base are as follows:
[1]trực tiếp bóng đá k+ tax base is determined as follows:
- For goods and services sold by a business is trực tiếp bóng đá k+ selling price excluding value added tax; for goods and services subject to special consumption tax is trực tiếp bóng đá k+ selling price including special consumption tax but excluding value added tax; for goods subject to environmental protection tax is trực tiếp bóng đá k+ selling price including environmental protection tax but excluding value added tax; for goods subject to both special consumption tax and environmental protection tax is trực tiếp bóng đá k+ selling price including special consumption tax and environmental protection tax but excluding value added tax;
- For imported goods, it is trực tiếp bóng đá k+ import tax calculated according to trực tiếp bóng đá k+ provisions of import and export tax law plus import tax, plus supplementary import taxes as prescribed by law (if any), plus special consumption tax (if any), and plus environmental protection tax (if any);
- For goods and services used for exchange, internal consumption, gift, or donation, trực tiếp bóng đá k+ tax base is trực tiếp bóng đá k+ value added tax of similar or equivalent goods and services at trực tiếp bóng đá k+ time these activities occur. For goods and services used for promotions according to trực tiếp bóng đá k+ provisions of commercial law, trực tiếp bóng đá k+ tax base is determined as zero (0);
- For asset leasing activities, it is trực tiếp bóng đá k+ lease amount excluding value added tax. In cases of leasing with payment by installment or prepayment for trực tiếp bóng đá k+ lease term, trực tiếp bóng đá k+ tax base is trực tiếp bóng đá k+ rental amount paid in installments or prepaid for trực tiếp bóng đá k+ lease term excluding value added tax;
- For goods sold on instalments or deferred payment, trực tiếp bóng đá k+ tax base is trực tiếp bóng đá k+ one-time payment selling price excluding value added tax of that good, not including installment interest, deferred interest;
- For outsourcing of goods, it is trực tiếp bóng đá k+ outsourcing price excluding value added tax;
- For construction and installation activities, it is trực tiếp bóng đá k+ value of trực tiếp bóng đá k+ construction, items of construction, or trực tiếp bóng đá k+ part of trực tiếp bóng đá k+ work delivered, excluding value added tax. In cases where construction and installation do not include materials, machinery, and equipment, trực tiếp bóng đá k+ tax base is trực tiếp bóng đá k+ construction and installation value excluding trực tiếp bóng đá k+ value of materials, machinery, and equipment;
- For real estate business activities, it is trực tiếp bóng đá k+ selling price of real estate excluding value added tax minus any land levy or land rent paid to trực tiếp bóng đá k+ state budget (deducted land value). trực tiếp bóng đá k+ Government of Vietnam prescribes trực tiếp bóng đá k+ determination of trực tiếp bóng đá k+ deducted land value as mentioned in this point in accordance with land laws;
- For agency activities, brokerage in buying and selling goods and services earning commission, it is trực tiếp bóng đá k+ commission received from these activities excluding value added tax;
- For goods and services using invoices with payment prices that include value added tax, trực tiếp bóng đá k+ tax base is determined according to trực tiếp bóng đá k+ following formula:
- For casino, prize electronic games business is trực tiếp bóng đá k+ amount collected from these activities minus trực tiếp bóng đá k+ amount exchanged back for unspent customers and trực tiếp bóng đá k+ prize amount paid to customers (if any), including special consumption tax, excluding value added tax;
- For production and business activities, including: electricity production activities of Vietnam Electricity, transportation, loading; tourism services in trực tiếp bóng đá k+ form of travel; pawn services; VAT books sold at trực tiếp bóng đá k+ published price (cover price); printing activities; inspection agency services, damage assessment agency services, third-party recovery agency services, agency services for handling fully compensated goods enjoying salary or commission, it is trực tiếp bóng đá k+ selling price excluding value added tax. trực tiếp bóng đá k+ Government of Vietnam prescribes trực tiếp bóng đá k+ tax base for production and business activities specified at this point.
[2]trực tiếp bóng đá k+ tax base for goods and services specified in Clause 1, Article 7 of trực tiếp bóng đá k+Law on Value Added Tax 2024includes any surcharges and additional fees that trực tiếp bóng đá k+ business receives.
Which entities areVAT payers in Vietnamfrom July 1, 2025?
According to Article 4 of trực tiếp bóng đá k+Law on Value Added Tax 2024, specific regulations on VAT payers are as follows:
- Organizations, households, and individuals producing or trading goods and services subject to value added tax (hereinafter referred to as business establishments).
- Organizations and individuals importing goods subject to value added tax (hereinafter referred to as importers).
- Organizations and individuals producing and doing business in Vietnam purchasing services (including cases of purchasing services attached to goods) from foreign organizations without a permanent establishment in Vietnam, individuals abroad who are non-residents in Vietnam, except as provided in Clause 4 and Clause 5, Article 4 of trực tiếp bóng đá k+Law on Value Added Tax 2024; organizations producing or doing business in Vietnam purchasing goods and services to conduct search and exploration activities, development of oil and gas fields, and exploitation of oil and gas from foreign organizations without a permanent establishment in Vietnam, individuals abroad who are non-residents in Vietnam.
- Foreign suppliers without a permanent establishment in Vietnam engaging in e-commerce business, business based on digital platforms with organizations and individuals in Vietnam (hereinafter referred to as foreign suppliers); organizations as foreign digital platform managers deduct and pay tax obligations on behalf of foreign suppliers; business organizations in Vietnam applying trực tiếp bóng đá k+ value added tax deduction method purchasing services from foreign suppliers without a permanent establishment in Vietnam through e-commerce channels or digital platforms deducting and paying tax obligations on behalf of foreign suppliers.
- Organizations as e-commerce exchange platform managers, digital platform managers with payment functions, deduct and pay tax, declare withheld taxes for household businesses and business individuals on e-commerce platforms, digital platforms.
