Is revenue under 200 million VND subject to value-added vtv5 trực tiếp bóng đá hôm nay in Vietnam?
Is revenue under 200 million VND subject to value-added vtv5 trực tiếp bóng đá hôm nay in Vietnam?
Based on Article 4 ofCircular 40/2021/TT-BTCregarding the principle of vtv5 trực tiếp bóng đá hôm nay calculation as follows:
Principle of vtv5 trực tiếp bóng đá hôm nay calculation
- The principle of vtv5 trực tiếp bóng đá hôm nay calculation for household businesses and individuals operating businesses is implemented according to the current laws on VAT, PIT, and relevant legal documents.
- household businesses and individuals with revenue from production and business activities in a calendar year up to 100 million VND shall not be required to pay VAT and PIT under the legal regulations on VAT and PIT. household businesses and individuals are responsible for accurate, honest, and complete vtv5 trực tiếp bóng đá hôm nay declaration and timely submission of vtv5 trực tiếp bóng đá hôm nay dossiers; they are accountable before the law for the accuracy, honesty, and completeness of their vtv5 trực tiếp bóng đá hôm nay dossiers as regulated.
- household businesses and individuals in the form of a group or family shall consider the revenue level up to 100 million VND/year to determine whether an individual is not subject to VAT and PIT is applicable to one (01) sole representative of the group or family during the vtv5 trực tiếp bóng đá hôm nay year.
According to the above provision, if a household business has revenue from production and business activities in the year less than 200 million VND, it is not required to pay VAT for revenue from 100 million VND or less, but for revenue exceeding 100 million VND up to less than 200 million VND, the household business is still subject to VAT.
Note: The above regulation is valid only until June 30, 2025, as from July 1, 2025, the amended 2024 VAT Law comes into effect. household businesses with annual revenue under 200 million VND will not have to pay VAT.
Is revenue under 200 million VND subject to value-added vtv5 trực tiếp bóng đá hôm nay in Vietnam? (Image from the Internet)
What is the base for calculating the value-added vtv5 trực tiếp bóng đá hôm nay for household businesses in Vietnam?
According to Article 10 ofCircular 40/2021/TT-BTCregarding the basis for calculating the vtv5 trực tiếp bóng đá hôm nay for household businesses, the VAT calculation basis for household businesses is taxable revenue and the vtv5 trực tiếp bóng đá hôm nay rate applied on said revenue. Specifically, the taxable revenue and the vtv5 trực tiếp bóng đá hôm nay rate applied on revenue are determined as follows:
(1) Taxable Revenue
The taxable revenue for VAT on household businesses is the revenue including vtv5 trực tiếp bóng đá hôm nay (in cases subject to vtv5 trực tiếp bóng đá hôm nay) of all sales, processing fees, commissions, service provision receipts arising during the vtv5 trực tiếp bóng đá hôm nay period from production and business activities, including incentives, bonuses for meeting sales targets, promotions, trade discounts, payment discounts, and monetary or non-monetary support; subsidies, surcharges, additional fees received according to regulations; compensation for contract violations, other compensations (only included in PIT taxable revenue); and any other revenue that household businesses and individuals receive, regardless of whether it has been collected.
(2) vtv5 trực tiếp bóng đá hôm nay Rate Applied on Revenue
- The vtv5 trực tiếp bóng đá hôm nay rate applied on revenue includes the detailed VAT rate for each sector and profession as directed in Appendix I ofCircular 40/2021/TT-BTC.
- If a household business operates in multiple sectors or professions, the household or individual will declare and calculate vtv5 trực tiếp bóng đá hôm nay according to the vtv5 trực tiếp bóng đá hôm nay rate applied on revenue corresponding to each sector or profession.
- If a household business cannot determine the taxable revenue of each sector or profession or if the determination does not match actual business operations, the vtv5 trực tiếp bóng đá hôm nay authorities will assess the taxable revenue of each sector or profession according to vtv5 trực tiếp bóng đá hôm nay management legal regulations.
(3) Determining vtv5 trực tiếp bóng đá hôm nay Payable
- VAT payable = Taxable VAT Revenue x VAT Rate
What is the deadline for household businesses to pay value-added vtv5 trực tiếp bóng đá hôm nay in Vietnam?
The deadline for household businesses to pay VAT based on the presumptive method and declared method is specified as follows:
(1) For the presumptive method
According to Clause 4, Article 7 ofCircular 40/2021/TT-BTC, presumptive taxpayers declare vtv5 trực tiếp bóng đá hôm nay annually and pay vtv5 trực tiếp bóng đá hôm nay within the deadline stated in the vtv5 trực tiếp bóng đá hôm nay Payment Notice issued by vtv5 trực tiếp bóng đá hôm nay authorities.
If the presumptive taxpayer uses invoices provided by vtv5 trực tiếp bóng đá hôm nay authorities and sells directly by each invoice number, they should declare and pay vtv5 trực tiếp bóng đá hôm nay separately for revenue on that invoice each time it arises.
(2) For the declared method
According to Clause 4, Article 11 ofCircular 40/2021/TT-BTC, the latest deadline for vtv5 trực tiếp bóng đá hôm nay payment is the last day of the vtv5 trực tiếp bóng đá hôm nay declaration submission deadline. In cases of supplementary vtv5 trực tiếp bóng đá hôm nay filing, the vtv5 trực tiếp bóng đá hôm nay payment deadline matches the filing deadline for the period in which errors and omissions occur.
The vtv5 trực tiếp bóng đá hôm nay declaration file submission deadlines are determined as follows:
- For household businesses paying vtv5 trực tiếp bóng đá hôm nay by the declared method on a monthly basis, the deadline for vtv5 trực tiếp bóng đá hôm nay declaration file submission is the 20th of the month following the month in which the vtv5 trực tiếp bóng đá hôm nay obligation arises.
- For household businesses paying vtv5 trực tiếp bóng đá hôm nay by the declared method on a quarterly basis, the deadline for vtv5 trực tiếp bóng đá hôm nay declaration file submission is the last day of the first month of the quarter immediately following the quarter in which the vtv5 trực tiếp bóng đá hôm nay obligation arises.
