xem bóng đá trực tiếp nhà cáiShall individuals leasing out business premises issue invoices in Vietnam?
Shall individuals leasing out business premisesissue invoices in Vietnam?
Based on xem bóng đá trực tiếp nhà cái guidance inOfficial Dispatch 4852/CTHN-TTHT in 2024regarding issuing invoices for business households as follows:
xem bóng đá trực tiếp nhà cái Tax Department of Hanoi City received Document No. 01/CV-2023 from Seibu Nousan Vietnam Co., Ltd. (hereinafter referred to as xem bóng đá trực tiếp nhà cái Company) regarding guidance on issuing invoices for business households. xem bóng đá trực tiếp nhà cái Tax Department of Hanoi City has xem bóng đá trực tiếp nhà cái following opinions:
- Based on Tax Administration Law No. 38/2019/QH14 dated June 13, 2019, of xem bóng đá trực tiếp nhà cái National Assembly.
+ Article 51 Clause 5 stipulates tax determination for business households, individual businesspersons paying taxes according to xem bóng đá trực tiếp nhà cái presumptive tax method:
“5. Business households and individual businesspersons with revenue, labor scale meeting xem bóng đá trực tiếp nhà cái highest criteria for micro-enterprises as prescribed by law on support of small and medium enterprises must comply with accounting policies and pay taxes according to xem bóng đá trực tiếp nhà cái declaration method.”
+ Article 91 stipulates xem bóng đá trực tiếp nhà cái application of e-invoices when selling goods, providing services:
“...3. Business households, individual businesspersons under xem bóng đá trực tiếp nhà cái case stipulated in Clause 5, Article 51 of this Law and cases with determined revenue when selling goods, providing services must use e-invoices with tax authority codes when selling goods, providing services.”
4. Business households, individual businesspersons not meeting conditions to use e-invoices with tax authority codes as stipulated in Clauses 1 and 3 of this Article but need invoices to provide to customers or in cases where enterprises, economic organizations, and other organizations accepted by xem bóng đá trực tiếp nhà cái tax authority to issue e-invoices to customers, xem bóng đá trực tiếp nhà cái tax authority will issue e-invoices with codes on each occurrence after tax declaration and tax payment before xem bóng đá trực tiếp nhà cái tax authority issues e-invoices on each occurrence.
- Based on Clause 1, Article 9 of Circular 40/2021/TT-BTC dated June 1, 2021, of xem bóng đá trực tiếp nhà cái Ministry of Finance providing tax calculation methods for some specific cases:
“Article 9. Tax calculation methods for some specific cases
1. Individuals leasing assets
a) Individuals leasing assets are individuals with revenue arising from leasing assets including leasing houses, premises*, shops, factories; warehouses excluding lodging services; leasing means of transport, machinery, equipment without operators; leasing other assets without services. Lodging services not accounted in asset lease activities under this guidance include short-term lodging supply for tourists, transients; long-term lodging for students, workers, and similar subjects; lodging supply with catering services or entertainment facilities.*
b) Individuals leasing assets declare taxes per each payment cycle (determined by xem bóng đá trực tiếp nhà cái start date of xem bóng đá trực tiếp nhà cái lease period of each payment term) or declare taxes based on xem bóng đá trực tiếp nhà cái calendar year. Individuals declare taxes for each contract or declare taxes for multiple contracts on one tax declaration if xem bóng đá trực tiếp nhà cái leased assets are in xem bóng đá trực tiếp nhà cái same tax authority management region...”
- Based on Article 4 of Circular 96/2015/TT-BTC dated June 22, 2015, of xem bóng đá trực tiếp nhà cái Ministry of Finance stipulating deductible and non-deductible expenses when determining taxable income:
“...
2. Non-deductible expenses when determining taxable income include:
...2.5. Asset rental expenses from individuals lacking complete documents, vouchers below:
- In case companies lease assets from individuals, documents to determine deductible expenses include xem bóng đá trực tiếp nhà cái asset lease contract and payment vouchers for rented assets.
- In case companies lease assets from individuals where xem bóng đá trực tiếp nhà cái lease contract stipulates xem bóng đá trực tiếp nhà cái company pays taxes on behalf of individuals, documents to determine deductible expenses include xem bóng đá trực tiếp nhà cái asset lease contract, payment vouchers, and tax payment vouchers on behalf of individuals.
- In case companies lease assets from individuals where xem bóng đá trực tiếp nhà cái lease contract specifies rent is exclusive of taxes (VAT, personal income tax) and xem bóng đá trực tiếp nhà cái company pays tax for individuals, xem bóng đá trực tiếp nhà cái company can count into deductible expenses xem bóng đá trực tiếp nhà cái total rental price including taxes paid on behalf of individuals....”
Based on xem bóng đá trực tiếp nhà cái above provisions, in cases where Seibu Nousan Vietnam Co., Ltd. signs a rental contract with a business household or individual, xem bóng đá trực tiếp nhà cái business household or individual is not obligated to use e-invoices when leasing assets. xem bóng đá trực tiếp nhà cái documents to determine deductible expenses when determining taxable income are xem bóng đá trực tiếp nhà cái house lease contract and rental payment vouchers following guidance at Point 2.5, Clause 2, Article 4 of Circular 96/2015/TT-BTC of xem bóng đá trực tiếp nhà cái Ministry of Finance.
Therefore, it is recommended that xem bóng đá trực tiếp nhà cái Company base its actual situation, compare with cited legal provisions, and implement correctly according to regulations.
Thus, individuals renting business premises are not required to issue VAT invoices for enterprise customers.
Shall individuals leasing out business premises issue invoices in Vietnam?(Image from Internet)
Shall individuals leasing out business premisespay taxes in Vietnam?
Based on Point c, Clause 1, Article 9 ofCircular 40/2021/TT-BTC(amended by Clause 3, Article 1 ofCircular 100/2021/TT-BTC) stipulating tax calculation methods for some specific cases of individuals renting assets as follows:
Tax calculation methods for some specific cases
1. Individuals leasing assets
...
c) Individuals only having rental activities with a lease period less than a year, if annual rental income does not exceed 100 million VND, they are exempt from VAT and PIT. Should xem bóng đá trực tiếp nhà cái lessee pay rent upfront for multiple years, xem bóng đá trực tiếp nhà cái income threshold to determine tax obligation is xem bóng đá trực tiếp nhà cái total prepayment spread over xem bóng đá trực tiếp nhà cái calendar years.
...
Additionally, per Clause 2, Article 4 ofCircular 40/2021/TT-BTC, xem bóng đá trực tiếp nhà cái regulations are as follows:
Tax declaration principles
1. Tax declaration principles for business households and individuals are executed following applicable VAT, PIT laws, and related legal documents.
2. Business households, individuals with annual revenue from business activities not exceeding 100 million VND are not required to pay VAT and PIT per VAT and PIT law. Business households, individuals must declare taxes accurately, truthfully, comprehensively, and submit tax dossiers on time; they are accountable for xem bóng đá trực tiếp nhà cái accuracy, truthfulness, and completeness of tax dossiers per regulations.
3. Business households, individuals operating as a group of individuals or households, xem bóng đá trực tiếp nhà cái revenue threshold of 100 million VND/year to determine xem bóng đá trực tiếp nhà cái tax exemption for one designated representative of xem bóng đá trực tiếp nhà cái group or household in xem bóng đá trực tiếp nhà cái tax year.
Based on stipulations, if an individual only leases business premises with a lease period of less than a year and xem bóng đá trực tiếp nhà cái annual lease income does not exceed 100 million VND, they are exempt from VAT and PIT.
If rent is paid in advance for several years, xem bóng đá trực tiếp nhà cái income threshold for tax obligation is considered on xem bóng đá trực tiếp nhà cái basis of calendar year division.
What are guidelines on tax declaration for leasing out business premises directly with xem bóng đá trực tiếp nhà cái tax authority in Vietnam?
Based on xem bóng đá trực tiếp nhà cái guidance in Article 14 ofCircular 40/2021/TT-BTCregarding tax declaration for leasing business premises directly with xem bóng đá trực tiếp nhà cái tax authority as follows:
(i) Tax declaration dossier
- Tax declaration form for asset-leasing activities (applies to individuals directly declaring taxes for asset leasing with xem bóng đá trực tiếp nhà cái tax authority and organizations declaring on behalf of individuals) following Form No. 01/TTS issued together withThông tư 40/2021/TT-BTC;
- Annex with detailed asset lease contract list (applies to individuals directly declaring taxes for asset leasing with xem bóng đá trực tiếp nhà cái tax authority if it is xem bóng đá trực tiếp nhà cái first tax declaration of a contract or contract annex) following Form No. 01-1/BK-TTS issued together withThông tư 40/2021/TT-BTC;
- Copy of asset lease contract, contract annex (if it is xem bóng đá trực tiếp nhà cái first tax declaration of a contract or contract annex);
- Copy of Power of Attorney according to legal regulations (in cases where individuals authorize a legal representative to perform tax declaration and payment procedures).
xem bóng đá trực tiếp nhà cái tax authority reserves xem bóng đá trực tiếp nhà cái right to request xem bóng đá trực tiếp nhà cái original to compare and confirm xem bóng đá trực tiếp nhà cái accuracy of xem bóng đá trực tiếp nhà cái copies with xem bóng đá trực tiếp nhà cái originals.
(ii) Place to submit xem bóng đá trực tiếp nhà cái tax declaration dossier
Individuals with income from leasing real estate in Vietnam shall submit tax declaration dossiers at xem bóng đá trực tiếp nhà cái Tax Sub-department directly managing xem bóng đá trực tiếp nhà cái location where xem bóng đá trực tiếp nhà cái real estate is leased.
(iii) Tax declaration submission deadline
xem bóng đá trực tiếp nhà cái deadline for submitting tax declaration dossiers for individuals leasing assets and declaring directly with xem bóng đá trực tiếp nhà cái tax authority is as follows:
+ xem bóng đá trực tiếp nhà cái deadline for submitting tax declaration dossiers for individuals declaring taxes per each payment cycle is no later than xem bóng đá trực tiếp nhà cái 10th day from xem bóng đá trực tiếp nhà cái start of xem bóng đá trực tiếp nhà cái lease term of xem bóng đá trực tiếp nhà cái payment cycle.
+ xem bóng đá trực tiếp nhà cái deadline for submitting annual tax declaration dossiers for individuals declaring once per year is by xem bóng đá trực tiếp nhà cái last day of xem bóng đá trực tiếp nhà cái first month of xem bóng đá trực tiếp nhà cái following calendar year.
(iv) Tax payment deadline
xem bóng đá trực tiếp nhà cái tax payment deadline is no later than xem bóng đá trực tiếp nhà cái last day of xem bóng đá trực tiếp nhà cái tax declaration dossier submission deadline. In xem bóng đá trực tiếp nhà cái event of additional tax declaration, xem bóng đá trực tiếp nhà cái tax payment deadline is from xem bóng đá trực tiếp nhà cái amended tax period with discrepancies.
