Vietnam: Does bóng đá hôm nay trực tiếp taxable revenue of individuals bussinesses and household businesses include taxes?
Vietnam: Does bóng đá hôm nay trực tiếp taxable revenue of individuals bussinesses and household businesses include taxes?
According to bóng đá hôm nay trực tiếp provisions of Article 10 ofCircular 40/2021/TT-BTC, bóng đá hôm nay trực tiếp basis for tax calculation for household businesses (HKD) and individual businesses (CNKD) istaxable revenue and bóng đá hôm nay trực tiếp tax rate calculated on revenue.
Basis for Tax Calculation
bóng đá hôm nay trực tiếp basis for tax calculation for household businesses and individual businesses is taxable revenue and bóng đá hôm nay trực tiếp tax rate calculated on revenue.
1. Taxable Revenue
bóng đá hôm nay trực tiếp taxable revenue for VAT and PIT for household businesses and individual businesses is bóng đá hôm nay trực tiếp revenue including taxes (in cases subject to tax) of all money from sales, processing, commissions, and service provision incurred during bóng đá hôm nay trực tiếp tax period from production and business activities of goods and services, including bonuses, sales achievement support, promotions, trade discounts, payment discounts, support payments in cash or in kind; subsidies, surcharges, extra fees, additional charges enjoyed by regulation; compensation for contract violations, other compensations (only included in taxable PIT revenue); other revenue enjoyed by bóng đá hôm nay trực tiếp business household or individual, regardless of whether money has been collected or not.
2. Tax Rate Calculated on Revenue
a) bóng đá hôm nay trực tiếp tax rate calculated on revenue includes bóng đá hôm nay trực tiếp VAT rate and PIT rate applied in detail to each field or industry as guided in Appendix I issued with this Circular.
b) In cases where a business household or individual engages in multiple fields or industries, they must declare and calculate tax according to bóng đá hôm nay trực tiếp tax rate applied to each field or industry. Where a business household or individual cannot determine bóng đá hôm nay trực tiếp taxable revenue for each field or industry or determines it not in accordance with actual business conditions, bóng đá hôm nay trực tiếp tax authority shall determine bóng đá hôm nay trực tiếp taxable revenue of each field or industry as per bóng đá hôm nay trực tiếp tax management law.
bóng đá hôm nay trực tiếp taxable revenue for VAT and PIT for household businesses and individual businesses is bóng đá hôm nay trực tiếp revenue including taxes of all money from sales, processing, commissions, and service provision incurred during bóng đá hôm nay trực tiếp tax period from production and business activities of goods and services, including bonuses, sales achievement support, promotions, trade discounts, payment discounts, support payments in cash or in kind; subsidies, surcharges, extra fees, additional charges enjoyed by regulation; compensation for contract violations, other compensations (included in taxable PIT revenue).
Vietnam: Does bóng đá hôm nay trực tiếp taxable revenue of individuals bussinesses and household businesses include taxes?
How to calculate bóng đá hôm nay trực tiếp payable tax amount for individuals bussinesses and household businesses in Vietnam?
Based on Clause 3, Article 10 ofCircular 40/2021/TT-BTC, bóng đá hôm nay trực tiếp regulation is as follows:
Basis for Tax Calculation
...
3. Determining bóng đá hôm nay trực tiếp Payable Tax Amount
bóng đá hôm nay trực tiếp payable VAT = Taxable VAT Revenue x VAT Rate
bóng đá hôm nay trực tiếp payable PIT = Taxable PIT Revenue x PIT Rate
Where:
- Taxable VAT Revenue and Taxable PIT Revenue as guided in Clause 1 of this Article.
- VAT Rate and PIT Rate as guided in Appendix I issued with this Circular.
Thus, bóng đá hôm nay trực tiếp payable tax amount for individuals bussinesses and household businesses is determined as follows:
Payable VAT = Taxable VAT Revenue x VAT Rate
Payable PIT = Taxable PIT Revenue x PIT Rate
How many digits are in bóng đá hôm nay trực tiếp TIN for household businesses in Vietnam?
According to Clause 3, Article 5 ofCircular 105/2020/TT-BTC, bóng đá hôm nay trực tiếp regulation is as follows:
Structure of TIN
...
3. Classification of TIN Structure
...
g) Operators, joint operating companies, joint venture enterprises, organizations assigned by bóng đá hôm nay trực tiếp Government of Vietnam to receive Vietnam's shared oil and gas profits from overlapping fields according to bóng đá hôm nay trực tiếp provisions at Point h, Clause 2, Article 4 of this Circular are issued a TIN of 10 digits for each oil and gas contract or equivalent document. Contractors and investors participating in an oil and gas contract are issued a TIN of 13 digits according to bóng đá hôm nay trực tiếp 10-digit TIN of each oil and gas contract to fulfill separate tax obligations under bóng đá hôm nay trực tiếp oil and gas contract (including corporate income tax on income from bóng đá hôm nay trực tiếp transfer of participation interests in bóng đá hôm nay trực tiếp oil and gas contract). bóng đá hôm nay trực tiếp parent company - Vietnam National Oil and Gas Group represents bóng đá hôm nay trực tiếp host country in receiving bóng đá hôm nay trực tiếp profit shared from each oil and gas contract and is issued a TIN of 13 digits according to bóng đá hôm nay trực tiếp 10-digit TIN of each oil and gas contract to declare and pay taxes on bóng đá hôm nay trực tiếp profit shared from each oil and gas contract.
h) Taxpayers who are families, household businesses , individual businesses, and other individuals as specified at Points i, k, l, n Clause 2, Article 4 of this Circular are issued a TIN of 10 digits for bóng đá hôm nay trực tiếp representative of bóng đá hôm nay trực tiếp household, business household, individual and a TIN of 13 digits for business locations of bóng đá hôm nay trực tiếp business household, individual business.
i) Organizations and individuals as specified at Point m Clause 2, Article 4 of this Circular having one or more authorized tax collection contracts with a tax authority are issued one substitute TIN to pay bóng đá hôm nay trực tiếp collected amounts into bóng đá hôm nay trực tiếp state budget.
Thus, bóng đá hôm nay trực tiếp TIN for household businesses is specifically regulated as follows:
- A 10-digit TIN is issued for bóng đá hôm nay trực tiếp representative of bóng đá hôm nay trực tiếp business household,
- A 13-digit TIN is issued for bóng đá hôm nay trực tiếp business locations of bóng đá hôm nay trực tiếp business household.
