Is sponsorship bóng đá hôm nay trực tiếp purchasing computers bóng đá hôm nay trực tiếp private schools considered a deductible expense bóng đá hôm nay trực tiếp businesses in Vietnam?

Is sponsorshipfor purchasing computers bóng đá hôm nay trực tiếp private schools considered a deductible expense bóng đá hôm nay trực tiếp businesses in Vietnam?

Pursuant to Article 4 ofCircular 96/2015/TT-BTC, the regulation is as follows:

2. Expenses that are not deductible when determining taxable income include:

…

2.22. Sponsorship funding bóng đá hôm nay trực tiếp education (including funding bóng đá hôm nay trực tiếp vocational education activities) that does not meet the designated recipients stipulated in sub-item a of this point or lacks the specified sponsorship documentation outlined in sub-item b below:

a) Sponsorship bóng đá hôm nay trực tiếp education includes: funding bóng đá hôm nay trực tiếp public, semi-public, and private schools within the national education system as per educational law regulations, where the funding is not bóng đá hôm nay trực tiếp capital contribution or share purchase in schools; funding bóng đá hôm nay trực tiếp physical infrastructure to support teaching, learning, and school activities; funding bóng đá hôm nay trực tiếp regular school activities; scholarship funding bóng đá hôm nay trực tiếp students at general education institutions, vocational education institutions, and higher education institutions as specified in the Education Law (direct sponsorship to students or through educational institutions, via agencies or organizations authorized to mobilize sponsorship according to legal regulations); funding bóng đá hôm nay trực tiếp competitions of subjects taught in schools where participants are students; sponsorship to establish educational encouragement funds as per education and training law.

b) Documentation determining sponsorship funding bóng đá hôm nay trực tiếp education includes: A record confirming the sponsorship funds with signatures of the business establishment representative as the sponsor, the legal educational institution representative as the recipient, students (or agencies, organizations authorized to mobilize sponsorships) as the beneficiaries (using form No. 03/TNDN attached to Circular No. 78/2014/TT-BTC); along with invoices, purchase documents (if sponsorship is in kind) or payment vouchers (if sponsorship is in cash).

Hence, according to the regulations, both private and public schools can be included, specifically, sponsorship bóng đá hôm nay trực tiếp education includes: funding bóng đá hôm nay trực tiếp public, semi-public, and private schools within the national education system as per educational law regulations, provided the sponsorship is not bóng đá hôm nay trực tiếp capital contribution or share purchase in schools, while ensuring that the documentation determining the sponsorship funding is specifically outlined as above.

Is sponsorship bóng đá hôm nay trực tiếp purchasing computers bóng đá hôm nay trực tiếp private schools considered a deductible expense bóng đá hôm nay trực tiếp businesses in Vietnam?(Image from the Internet)

Are expenditures on wages andsalaries of employees that have not been paid after the annual tax declaration is submitted considereddeductible expenses in Vietnam?

Pursuant to Article 4 ofCircular 96/2015/TT-BTC, the regulation is as follows:

2. Expenses that are not deductible when determining taxable income include:

...

2.6. Payment of wages, salaries, bonuses to employees falls into one of the following cases:

a) Payment of wages, salaries, and other amounts payable to employees that the company has accounted bóng đá hôm nay trực tiếp in the production and business expenses during the period but have not actually been paid or do not have payment vouchers as per legal regulations.

..

c) Payment of wages, salaries, and allowances payable to employees but by the deadline bóng đá hôm nay trực tiếp submitting the annual tax finalization, the payment has not been made, except where the enterprise has set up a reserve fund to supplement the next year's wage fund. The annual reserve level is decided by the enterprise but should not exceed 17% of the realized wage fund.

The realized wage fund is the total actual wages paid bóng đá hôm nay trực tiếp the tax finalization year by the deadline bóng đá hôm nay trực tiếp submitting the finalization documents as regulated (excluding the amount set aside in the previous year's reserve fund used in the tax finalization year).

The setup of the wage reserve must ensure that after reservation, the enterprise does not incur a loss, if the enterprise incurs a loss, they are not entitled to fully deduct up to 17%.

In case the enterprise set up a wage reserve fund in the previous year and within 6 months from the end of the fiscal year, the enterprise has not used or has not used up the wage reserve fund, they must reduce the expenses of the following year.

In principle, if a company pays wages, salaries, and allowances to employees but the deadline bóng đá hôm nay trực tiếp filing the annual tax finalization has passed and the payment has not been made, they cannot include this in expenses, except in cases where the enterprise has set up a reserve fund to supplement next year's wage fund, it can still be included as a deductible expense.

What is the applicationto determine sponsorship bóng đá hôm nay trực tiếp building homes bóng đá hôm nay trực tiếp charity, building homes bóng đá hôm nay trực tiếp the poor to include in deductible expenses in Vietnam?

Pursuant to Article 4 ofCircular 96/2015/TT-BTC, the regulation is as follows:

2. Expenses that are not deductible when determining taxable income include:

...

2.25. Sponsorship funding bóng đá hôm nay trực tiếp building homes bóng đá hôm nay trực tiếp the poor that does not match the designated recipients as stipulated in sub-item a of this point; Sponsorship bóng đá hôm nay trực tiếp building homes bóng đá hôm nay trực tiếp charity, building homes bóng đá hôm nay trực tiếp the poor, building solidarity houses as per legal regulations without the specified sponsorship documentation outlined in sub-item b below:

a) bóng đá hôm nay trực tiếp sponsorship funding to build homes bóng đá hôm nay trực tiếp the poor, the recipient must be households classified as poor according to the Prime Minister of the Government of Vietnam. The form of sponsorship: monetary or in-kind support to build homes bóng đá hôm nay trực tiếp poor households, either directly or through agencies, organizations authorized to mobilize sponsorships according to legal regulations.

b) Documentation determining sponsorship bóng đá hôm nay trực tiếp building homes bóng đá hôm nay trực tiếp charity, building homes bóng đá hôm nay trực tiếp the poor, building solidarity houses includes: A record of the sponsorship with signatures of the enterprise representative as the sponsor, and the recipient or the organization with the function to mobilize sponsorship as the recipient (using form No. 06/TNDN issued along with Circular No. 78/2014/TT-BTC); a document confirming the recipient as a poor household by the local authority (bóng đá hôm nay trực tiếp sponsorship to build homes bóng đá hôm nay trực tiếp the poor); invoices, purchase documents (if sponsorship is in-kind) or payment vouchers (if sponsorship is in cash).

In cases where the recipient is an agency or organization with the function to mobilize sponsorship, the documentation to determine sponsorship includes: A record of the sponsorship with signatures of the enterprise representative as the sponsor and the agency or organization authorized to mobilize sponsorship as the recipient; invoices, purchase documents (if the sponsorship is in-kind) or payment vouchers (if sponsorship is in cash).

Hence, documentation to determine sponsorship bóng đá hôm nay trực tiếp building homes bóng đá hôm nay trực tiếp charity, or homes bóng đá hôm nay trực tiếp the poor includes:

- A record confirming the sponsorship funds with signatures of the enterprise representative as the sponsor, and the recipient as the beneficiary (using form No. 06/TNDN attached to Circular No. 78/2014/TT-BTC);

- A document confirming the poor household status by the local authority (bóng đá hôm nay trực tiếp sponsorships to build homes bóng đá hôm nay trực tiếp the poor);

- Invoices, purchase documents (if sponsorship is in-kind) or payment vouchers (if sponsorship is in cash).