Vietnam: What does the kết quả bóng đá trực tiếp reduction dossier for taxpayers facing difficulties due to accidents include?

What types of taxes can be reduced for taxpayers facing difficulties due to accidents affecting their kết quả bóng đá trực tiếp payment ability in Vietnam?

- Based on point b, clause 1, Article 52 ofCircular 80/2021/TT-BTC, kết quả bóng đá trực tiếp authorities are authorized to decide on kết quả bóng đá trực tiếp reductions for individuals, business households, and individual entrepreneurs facing difficulties due to accidents affecting their ability to pay taxes.

- As stipulated in Article 5 of thePersonal Income kết quả bóng đá trực tiếp Law 2007, reductions in personal income kết quả bóng đá trực tiếp are detailed as follows:

Taxpayers facing difficulties due to natural disasters, fires, accidents, or severe illness affecting their ability to pay taxes can have their taxes reduced in proportion to the damage level, but not exceeding the payable kết quả bóng đá trực tiếp amount.

- In accordance with Article 9 of theSpecial Consumption kết quả bóng đá trực tiếp Law 2008, special consumption kết quả bóng đá trực tiếp reductions are prescribed as follows:

Taxpayers producing goods subject to special consumption kết quả bóng đá trực tiếp facing difficulties due to natural disasters or unexpected accidents can have their taxes reduced.

The reduction is based on actual losses caused by natural disasters or unexpected accidents but not exceeding 30% of the payable kết quả bóng đá trực tiếp amount for the year in which the loss occurred and not exceeding the value of the damaged assets after compensation (if any).

- As stated in clause 1, Article 9 of theResource kết quả bóng đá trực tiếp Law 2009, exemptions and reductions in resource kết quả bóng đá trực tiếp are defined as follows:

Taxpayers on resources encountering natural disasters, fires, or unexpected accidents resulting in resource losses that have been declared and paid can have their kết quả bóng đá trực tiếp reduced or exempted for the lost resources; in cases where the kết quả bóng đá trực tiếp has been paid, the amount paid will be refunded or deducted from the subsequent period's resource kết quả bóng đá trực tiếp.

From the above regulations, it is clear that taxpayers facing difficulties due to accidents could have reductions on personal income kết quả bóng đá trực tiếp, special consumption kết quả bóng đá trực tiếp, and resource kết quả bóng đá trực tiếp.

Vietnam: What does the kết quả bóng đá trực tiếp reduction dossier for taxpayers facing difficulties due to accidents include? (Image from the Internet)

Vietnam: What does the kết quả bóng đá trực tiếp reduction dossier for taxpayers facing difficulties due to accidents include?

According to clause 2, Article 54 ofCircular 80/2021/TT-BTC, the kết quả bóng đá trực tiếp reduction dossier for taxpayers facing difficulties due to accidents affecting their ability to pay kết quả bóng đá trực tiếp is regulated as follows:

- A proposal document in accordance with Form No. 01/MGTH issued with Annex I ofCircular 80/2021/TT-BTC;

- An official document or minutes confirming the accident with confirmation from the police authority or certification of the injury level from a medical entity;

- Documentation determining compensation by the insurance agency or compensation agreement by the person causing the accident (if any);

- Receipts related directly to the remediation of the accident;

- A personal income kết quả bóng đá trực tiếp finalization declaration according to Form No. 02/QTT-TNCN issued with Annex II ofCircular 80/2021/TT-BTCif the taxpayer requests a personal income kết quả bóng đá trực tiếp reduction for income from salary or wages.

What is the time limit for returning results and processing the kết quả bóng đá trực tiếp reduction dossier in Vietnam?

According to the provisions in Article 64 ofCircular 80/2021/TT-BTC, the time limit for returning results and processing the kết quả bóng đá trực tiếp reduction dossier is stipulated as follows:

(1) Time frame for kết quả bóng đá trực tiếp reduction processing

- Within 30 days from receiving a complete dossier, the kết quả bóng đá trực tiếp authority shall issue a decision on kết quả bóng đá trực tiếp reduction; notify taxpayers in writing of reasons for ineligibility; notify whether taxpayers fall into categories eligible for kết quả bóng đá trực tiếp reduction per kết quả bóng đá trực tiếp agreements or other international treaties.

- If an on-site inspection is necessary to have sufficient basis for processing the kết quả bóng đá trực tiếp reduction dossier, then within 40 days from receiving a complete dossier, the kết quả bóng đá trực tiếp authority shall issue a kết quả bóng đá trực tiếp reduction decision; notify taxpayers in writing of reasons for ineligibility; inform whether taxpayers fall into eligible segments per kết quả bóng đá trực tiếp agreements or other international treaties.

- Specifically, in cases where the kết quả bóng đá trực tiếp authority receives the kết quả bóng đá trực tiếp reduction dossier along with the kết quả bóng đá trực tiếp declaration dossier through the one-stop-shop mechanism, within 5 working days from receiving a lawful, full, and correctly formatted kết quả bóng đá trực tiếp reduction dossier as forwarded by the receiving agency via the one-stop-shop mechanism, the kết quả bóng đá trực tiếp authority shall determine the amount to be reduced or notify taxpayers in writing of reasons for ineligibility.

(2) returny of kết quả bóng đá trực tiếp reduction dossier results

- When the kết quả bóng đá trực tiếp authority directly receives the kết quả bóng đá trực tiếp reduction dossier from taxpayers:

+ Issue a kết quả bóng đá trực tiếp Reduction Decision in accordance with Form No. 03/MGTH issued with Annex I ofCircular 80/2021/TT-BTCfor eligible cases;

+ Issue a Notice of kết quả bóng đá trực tiếp exemption or reduction denial in accordance with Form No. 04/MGTH issued alongside Annex I ofCircular 80/2021/TT-BTCand specify the reasons for ineligibility;

+ Issue a Notification based on Form No. 03-1/MGTH included in Annex I ofCircular 80/2021/TT-BTCon whether taxpayers are eligible for kết quả bóng đá trực tiếp exemption or reduction under kết quả bóng đá trực tiếp agreements and other international instruments;

+ During the kết quả bóng đá trực tiếp reduction dossier processing, if information is insufficient, requiring explanation, or document supplementation, the kết quả bóng đá trực tiếp authority sends an Explanation and Document Supplementation Notice (according to Form No. 01/TB-BSTT-NNT issued withDecree 126/2020/ND-CP) to taxpayers demanding explanation and documentation supplementation.

- If the kết quả bóng đá trực tiếp authority processes the kết quả bóng đá trực tiếp reduction dossier along with the kết quả bóng đá trực tiếp declaration dossier through the one-stop-shop mechanism:

+ The kết quả bóng đá trực tiếp authority determines the kết quả bóng đá trực tiếp-exempt or reduced amount and records it in the kết quả bóng đá trực tiếp Notice issued with Annex II ofDecree 126/2020/ND-CPfor cases eligible for kết quả bóng đá trực tiếp reduction.

+ Issue a Notice of ineligibility for reduction according to Form No. 04/MGTH included with Annex I ofCircular 80/2021/TT-BTCand specify reasons for ineligibility. During processing, if further explanation or document supplementation is required, the kết quả bóng đá trực tiếp authority sends an Explanation and Document Supplementation Notice (according to Form No. 01/TB-BSTT-NNT issued withDecree 126/2020/ND-CP) to the receiving authority via one-stop-shop for the taxpayer to be asked for explanation and document supplementation.

+ For kết quả bóng đá trực tiếp exemption stipulated at point a, clause 2, Article 79 of thekết quả bóng đá trực tiếp Administration Law 2019: The kết quả bóng đá trực tiếp authority issues a Decision listing households and individuals eligible for kết quả bóng đá trực tiếp exemption as framed in Form No. 05/MGTH included in Annex I ofCircular 80/2021/TT-BTC.