Is xem bóng đá trực tiếp vtv2 transfer of entire outward investment capital subject to VAT in Vietnam?

Vietnam: What does xem bóng đá trực tiếp vtv2 outward investment capital include?

Pursuant to xem bóng đá trực tiếp vtv2 provisions in Clause 1, Clause 2, Article 69 ofDecree 31/2021/ND-CP, outward investment capital includes money and other legal assets of xem bóng đá trực tiếp vtv2 investor, comprising equity capital, loans obtained in Vietnam transferred abroad, and profits gained from overseas investment projects retained for carrying out investment activities abroad.

According to xem bóng đá trực tiếp vtv2 above provisions, legal money and other assets include:

- Foreign currency in accounts at licensed credit institutions or purchased at licensed credit institutions in accordance with xem bóng đá trực tiếp vtv2 law;

- Vietnamese Dong in compliance with xem bóng đá trực tiếp vtv2 regulations on foreign exchange management of Vietnam;

- Machinery, equipment, materials, raw materials, fuel, finished goods, semi-finished goods;

- xem bóng đá trực tiếp vtv2 value of intellectual property rights, technology, brand, rights to assets;

- Shares, equity contributions, investor's projects swapped at economic organizations in Vietnam and overseas economic organizations as stipulated in Clause 4, Article 69 ofDecree 31/2021/ND-CP;

- Other legal assets as prescribed by civil law.

Is xem bóng đá trực tiếp vtv2 transfer of entire outward investment capital subject to VAT in Vietnam? (Image from xem bóng đá trực tiếp vtv2 Internet)

Is xem bóng đá trực tiếp vtv2 transfer of entire outward investment capitalsubject to VAT in Vietnam?

xem bóng đá trực tiếp vtv2 subjects not subject to VAT are stipulated in Point d, Clause 8, Article 4 ofCircular 219/2013/TT-BTCas follows:

Subjects Not Subject to VAT

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8. xem bóng đá trực tiếp vtv2 following financial, banking, and securities services:

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d) Transfer of capital, including xem bóng đá trực tiếp vtv2 transfer of partial or entire capital already invested in other economic organizations (regardless of whether a new legal entity is formed), transfer of securities, transfer of capital contribution rights and other forms of capital transfer in accordance with xem bóng đá trực tiếp vtv2 law, including selling an enterprise to another enterprise for production or business purposes, where xem bóng đá trực tiếp vtv2 buying enterprise inherits all rights and obligations of xem bóng đá trực tiếp vtv2 selling enterprise as per legal regulations.

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However, pursuant to Clause 3, Article 9 ofCircular 219/2013/TT-BTC(amended by Clause 5, Article 1 ofThông tư 26/2015/TT-BTC, amended by Clause 2, Article 1 ofCircular 130/2016/TT-BTC) which stipulates cases not subject to xem bóng đá trực tiếp vtv2 0% tax rate as follows:

0% Tax Rate

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3. Cases not subject to 0% tax rate include:

- Reinsurance abroad; technology transfer, transfer of intellectual property rights abroad; transfer of capital, granting credit, investing securities abroad; derivative financial services; postal and telecommunications services going abroad (including postal and telecommunications services provided to organizations and individuals in non-tariff areas; provision of pre-paid mobile phone cards with codes, and values for export or for non-tariff areas); export products being resources, minerals guided in Clause 23, Article 4 of this Circular; tobacco, alcohol, beer imported and then exported; goods and services provided to individuals not registered for business in non-tariff areas, except for cases prescribed by xem bóng đá trực tiếp vtv2 Prime Minister of xem bóng đá trực tiếp vtv2 Government of Vietnam.

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Furthermore, Article 11 ofCircular 219/2013/TT-BTCprovides for a 10% tax rate as follows:

10% Tax Rate

A 10% tax rate applies to goods and services not prescribed in Articles 4, 9, and 10 of this Circular.

xem bóng đá trực tiếp vtv2 VAT rates specified in Article 10 and Article 11 apply uniformly to each type of goods and services at stages of importation, production, processing, or commercial business.

Example 50: Garments are subject to a VAT rate of 10%, so this rate applies to xem bóng đá trực tiếp vtv2 importation, production, processing, and commercial business of these items.

Waste and scrap recovered for recycling and reuse when sold are subject to xem bóng đá trực tiếp vtv2 VAT rate applicable to xem bóng đá trực tiếp vtv2 scrap and waste sold.

Business premises dealing in different types of goods and services with different VAT rates must declare VAT according to each tax rate specified for each type of goods, services; if xem bóng đá trực tiếp vtv2 business premises cannot determine according to each tax rate, it must calculate and pay tax according to xem bóng đá trực tiếp vtv2 highest tax rate of xem bóng đá trực tiếp vtv2 goods, services produced and traded by xem bóng đá trực tiếp vtv2 business.

During implementation, if there are VAT rate discrepancies in xem bóng đá trực tiếp vtv2 VAT rate Schedule according to xem bóng đá trực tiếp vtv2 Import Tariff Schedule that are inconsistent with this Circular's guidance, follow this Circular's guidance. In cases where VAT rates are inconsistently applied to xem bóng đá trực tiếp vtv2 same type of imported and domestically produced goods, xem bóng đá trực tiếp vtv2 local tax authorities and customs authorities shall report to xem bóng đá trực tiếp vtv2 Ministry of Finance for promptly guidance for unified implementation.

Therefore, as for xem bóng đá trực tiếp vtv2 activity of transferring xem bóng đá trực tiếp vtv2 entire outward investment capital, xem bóng đá trực tiếp vtv2 VAT must be paid at 10%.

What are regulations ontime for VAT calculation for entire outward investment capital transfer?

According to xem bóng đá trực tiếp vtv2 provision in Clause 2, Article 8 ofCircular 219/2013/TT-BTC, xem bóng đá trực tiếp vtv2 point in time for calculating VAT for entire outward investment capital is xem bóng đá trực tiếp vtv2 time of completion of service provision or xem bóng đá trực tiếp vtv2 time of issuing xem bóng đá trực tiếp vtv2 service provision invoice, irrespective of whether payment has been received or not.