What are cases where a taxpayer is subject to trực tiếp bóng đá euro hôm nay liability imposition for related-party transactions in Vietnam?

What are cases wherea taxpayer is subject to trực tiếp bóng đá euro hôm nay liability imposition for related-party transactions in Vietnam?

Based on Article 50 of theLaw on trực tiếp bóng đá euro hôm nay Administration 2019which stipulates the imposition of trực tiếp bóng đá euro hôm nay on taxpayers in cases of trực tiếp bóng đá euro hôm nay offences as follows:

trực tiếp bóng đá euro hôm nay liability imposition on taxpayers in cases of trực tiếp bóng đá euro hôm nay offences

1. A taxpayer is subject to trực tiếp bóng đá euro hôm nay liability imposition when falling into one of the following cases of trực tiếp bóng đá euro hôm nay law violations:

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d) Purchasing, selling, exchanging, and accounting the value of goods and services not according to the normal transaction value in the market;

e) Purchasing and exchanging goods using illegal invoices, illegitimately using invoices while the goods are verified by authorized agencies as real and have been declared in trực tiếp bóng đá euro hôm nay revenue;

g) Showing signs of absconding or dispersing assets to avoid fulfilling trực tiếp bóng đá euro hôm nay obligations;

h) Engaging in transactions not corresponding with the actual economic nature, not in line with the actual arising to reduce trực tiếp bóng đá euro hôm nay obligations of the taxpayer;

i) Failing to comply with the regulations on the obligation to declare, determine the price of related-party transactions, or failing to provide information according to the regulations on trực tiếp bóng đá euro hôm nay management for enterprises engaged in related-party transactions.

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A taxpayer is subject to trực tiếp bóng đá euro hôm nay liability imposition for related-party transactions when:

Failing to comply with the regulations on the obligation to declare, determine the price of related-party transactions, or failing to provide information according to the regulations on trực tiếp bóng đá euro hôm nay management for enterprises with related-party transactions.

What are cases where a taxpayer is subject to trực tiếp bóng đá euro hôm nay liability imposition for related-party transactions in Vietnam?(Image from the Internet)

What are procedures forthe trực tiếp bóng đá euro hôm nay liability imposition and management for enterprises with related-party transactions?

Based on Article 15 ofDecree 126/2020/ND-CPwhich stipulates the bases for trực tiếp bóng đá euro hôm nay liability imposition as follows:

Bases for trực tiếp bóng đá euro hôm nay liability imposition

1. A taxpayer is subject to imposition of each factor related to the determination of the payable trực tiếp bóng đá euro hôm nay amount

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b) Basis for trực tiếp bóng đá euro hôm nay liability imposition

b.1) For taxpayers that are organizations

Based on the database of trực tiếp bóng đá euro hôm nay authorities and commercial data; valid documents and inspection results; verification results; the minimum average payable trực tiếp bóng đá euro hôm nay amount of 03 business establishments of the same goods, industry, scale in the locality; if local business establishments lack sufficient information regarding the goods, industry, scale, information from businesses in other localities will be used for imposition per factor.

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Simultaneously, Article 3 ofDecree 132/2020/ND-CPstipulates the principles of trực tiếp bóng đá euro hôm nay management application for enterprises with related-party transactions as follows:

Principles of application

1. Taxpayers with related-party transactions must exclude factors that reduce trực tiếp bóng đá euro hôm nay obligations due to associated relations to declare and determine trực tiếp bóng đá euro hôm nay obligations for related-party transactions equivalent to independent transactions under similar conditions.

2. trực tiếp bóng đá euro hôm nay authorities manage, inspect, audit the transaction prices of taxpayers with related-party transactions based on the independent transaction principle and the nature, operation, and transaction deciding the trực tiếp bóng đá euro hôm nay obligation equivalent to the value generated from the nature of the transaction, production, and business activities of the taxpayer, not recognizing related-party transactions not following the independent transaction principle to reduce the trực tiếp bóng đá euro hôm nay obligations of enterprises to the state budget and execute adjustments of such related-party transaction prices for accurate trực tiếp bóng đá euro hôm nay obligation determination under this Decree.

Thus, the imposition and management of taxes for enterprises with related-party transactions are executed following the principle that taxpayers with related-party transactions must exclude factors diminishing trực tiếp bóng đá euro hôm nay obligations due to impacts of associated relations to declare and determine trực tiếp bóng đá euro hôm nay obligations for related-party transactions equivalent to independent transactions under similar conditions.

Additionally, trực tiếp bóng đá euro hôm nay authorities rely on the trực tiếp bóng đá euro hôm nay management authorities' database and commercial data; valid documents and results of inspections; verification results; the minimum average trực tiếp bóng đá euro hôm nay payable of 03 business institutions of the same items, industry, and scale in the locality to execute trực tiếp bóng đá euro hôm nay liability imposition.

What are the responsibilities of the trực tiếp bóng đá euro hôm nay authority in trực tiếp bóng đá euro hôm nay liability imposition in Vietnam?

Based on Article 53 of theLaw on trực tiếp bóng đá euro hôm nay Administration 2019which stipulates the responsibilities of the trực tiếp bóng đá euro hôm nay authority in trực tiếp bóng đá euro hôm nay liability imposition as follows:

- The trực tiếp bóng đá euro hôm nay authority must notify in writing to the taxpayer about the reasons for trực tiếp bóng đá euro hôm nay liability imposition, the bases for trực tiếp bóng đá euro hôm nay liability imposition, the imposed trực tiếp bóng đá euro hôm nay amount, and the trực tiếp bóng đá euro hôm nay payment deadline.

- In cases where the trực tiếp bóng đá euro hôm nay authority imposes trực tiếp bóng đá euro hôm nay through trực tiếp bóng đá euro hôm nay inspection or audit, the reasons for trực tiếp bóng đá euro hôm nay liability imposition, the bases for trực tiếp bóng đá euro hôm nay liability imposition, the imposed trực tiếp bóng đá euro hôm nay amount, and the trực tiếp bóng đá euro hôm nay payment deadline must be recorded in the trực tiếp bóng đá euro hôm nay inspection, audit minutes, and trực tiếp bóng đá euro hôm nay administrative decisions of the trực tiếp bóng đá euro hôm nay authority.

- If the imposed trực tiếp bóng đá euro hôm nay amount by the trực tiếp bóng đá euro hôm nay authority exceeds the amount payable according to the resolved complaint decision of a competent authority or court's judgment or decision, the trực tiếp bóng đá euro hôm nay authority must refund the excess trực tiếp bóng đá euro hôm nay paid.

- If the imposed trực tiếp bóng đá euro hôm nay amount by the trực tiếp bóng đá euro hôm nay authority is less than the amount payable according to a resolved complaint decision of a competent authority or a court's judgment or decision, the taxpayer is required to make supplemental payments. The trực tiếp bóng đá euro hôm nay authority bears the responsibility for trực tiếp bóng đá euro hôm nay liability imposition.