May household businesses issue VAT invoices in Vietnam? When is trực tiếp bóng đá k+ time to issue VAT invoices for trực tiếp bóng đá k+ sale of confiscated property?
May household businesses issue VAT invoices in Vietnam?
Pursuant to Clause 1, Article 8 ofDecree 123/2020/ND-CP, it is stipulated as follows:
Types of Invoice
Invoices stipulated in this Decree include trực tiếp bóng đá k+ following types:
1. Value-added tax invoice is an invoice for organizations that declare value-added tax by trực tiếp bóng đá k+ deduction method used for trực tiếp bóng đá k+ following activities:
a) Sale of goods, provision of services domestically;
b) International transportation activities;
c) Entry into non-tariff zones and other cases considered as exports;
d) Export of goods, provision of services abroad.
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VAT invoices are invoices designated for organizations declaring value-added tax by trực tiếp bóng đá k+ deduction method.
Furthermore, according to Clause 2, Article 10 of trực tiếp bóng đá k+Value-Added Tax Law 2008as amended and supplemented by Clause 4, Article 1 of trực tiếp bóng đá k+Amended Value-Added Tax Law 2013, trực tiếp bóng đá k+ deduction method is regulated as follows:
- trực tiếp bóng đá k+ deduction method applies to business establishments that fully implement accounting, invoices, and vouchers policies according to trực tiếp bóng đá k+ provisions of law on accounting, invoices, and vouchers including:
+ Business establishments with annual revenue from trực tiếp bóng đá k+ sale of goods, provision of services of one billion dong or more, except households and individual businesses;
+ Business establishments voluntarily registering for application of trực tiếp bóng đá k+ deduction method, except households and individual businesses.
Thus,it can be understood that household businesses do not fall under trực tiếp bóng đá k+ entities using trực tiếp bóng đá k+ value-added tax deduction method and are not entitled to issue VAT invoices.
May household businesses issue VAT invoices in Vietnam?When is trực tiếp bóng đá k+ time to issue VAT invoices for trực tiếp bóng đá k+ sale of confiscated property?(Image from Internet)
When is trực tiếp bóng đá k+ time to issue VAT invoices for trực tiếp bóng đá k+ sale of confiscated property?
According to regulations in Article 9 ofDecree 123/2020/ND-CP, trực tiếp bóng đá k+ timing for issuing invoices is clearly stipulated as follows:
* Time to Issue Invoices When Selling Goods*
trực tiếp bóng đá k+ time to issue invoices for trực tiếp bóng đá k+ sale of goods (including state property, confiscated property, property consigned to trực tiếp bóng đá k+ state budget, and sales of national reserves) is when trực tiếp bóng đá k+ ownership or use rights of trực tiếp bóng đá k+ goods are transferred to trực tiếp bóng đá k+ buyer, regardless of whether trực tiếp bóng đá k+ payment has been received.
* Time to Issue Invoices When Providing Services*
- trực tiếp bóng đá k+ time to issue invoices for providing services is when trực tiếp bóng đá k+ service provision is completed, regardless of whether trực tiếp bóng đá k+ payment has been received or not.
- If trực tiếp bóng đá k+ service provider collects money in advance or during service provision, trực tiếp bóng đá k+ time to issue trực tiếp bóng đá k+ invoice is when money is collected (excluding advance payment collected for contract assurance involving services: accounting, auditing, financial consultancy, tax; valuation; supervision consultancy; surveying, technical design; construction investment project formulation).
Note:In cases of multiple deliveries or handing over of individual parts/phases of service, each delivery or phase must have an invoice for trực tiếp bóng đá k+ delivered quantity or value of goods/services.
Thus,trực tiếp bóng đá k+ time to issue VAT invoices when selling confiscated property is trực tiếp bóng đá k+ time of transfer of ownership or use rights of goods to trực tiếp bóng đá k+ buyer, irrespective of whether trực tiếp bóng đá k+ payment has been received.
What are VAT invoices used for?
Based on Article 8 ofDecree 123/2020/ND-CP, trực tiếp bóng đá k+ following is stipulated:
Types of Invoice
Invoices stipulated in this Decree include trực tiếp bóng đá k+ following types:
1. Value-added tax invoice is an invoice for organizations declaring value-added tax by trực tiếp bóng đá k+ deduction method used for trực tiếp bóng đá k+ following activities:
a) Sale of goods, provision of services domestically;
b) International transportation activities;
c) Entry into non-tariff zones and other cases considered as exports;
d) Export of goods, provision of services abroad.
2. Sales invoice is an invoice for organizations and individuals as follows:
a) Organizations and individuals declaring and calculating value-added tax by trực tiếp bóng đá k+ direct method for trực tiếp bóng đá k+ following activities:
- Sale of goods, provision of services domestically;
- International transportation activities;
- Entry into non-tariff zones and other cases considered as exports;
- Export of goods, provision of services abroad.
b) Organizations and individuals in non-tariff zones when selling goods, providing services to trực tiếp bóng đá k+ domestic market and when selling goods, providing services among organizations and individuals in non-tariff zones with each other, export goods, provide services abroad, trực tiếp bóng đá k+ invoice should clearly state “For organizations, individuals in non-tariff zones”.
...
Thus,VAT invoices are used in trực tiếp bóng đá k+ following activities:
- Sale of goods, provision of services domestically;- International transportation activities;- Entry into non-tariff zones and other cases considered as exports;- Export of goods, provision of services abroad.
