What are procedures xem bóng đá trực tiếp vtv2 VAT reduction in Vietnam from January 1, 2025, according to Decree 180?

What are procedures forVAT reductionin Vietnam from January 1, 2025, according to Decree 180?

Based on Clause 3, Article 1 ofDecree 180/2024/ND-CP, the procedures xem bóng đá trực tiếp vtv2 implementing the VAT reduction are as follows:

- xem bóng đá trực tiếp vtv2 businesses stipulated at Point a, Clause 2, Article 1 ofDecree 180/2024/ND-CP: when issuing a VAT invoice xem bóng đá trực tiếp vtv2 goods and services subjected to a tax reduction, the VAT rate recorded should be "8%"; VAT amount; total amount payable by the purchaser.

Based on the VAT invoice, the business providing goods and services declares the output VAT, and the purchasing business declares input VAT deduction according to the reduced tax amount recorded on the VAT invoice.

- xem bóng đá trực tiếp vtv2 businesses stipulated at Point b, Clause 2, Article 1 ofDecree 180/2024/ND-CP: when issuing a sales invoice xem bóng đá trực tiếp vtv2 goods and services that have VAT reduced, the "Total Amount" column should show the total of goods and services before the reduction, and the "Total Goods and Services Amount" line shows the amount with a 20% reduction in the percentage rate on revenue. It should also be noted: “reduced... (amount) corresponding to 20% of the percentage rate to calculate VAT according toNghị vtv2 trực tiếp bóng đá hôm”.

What are procedures xem bóng đá trực tiếp vtv2 VAT reduction in Vietnam from January 1, 2025, according to Decree 180?(Image from Internet)

How much is the VAT reduction rate in Vietnamin the first 6 months of 2025?

Based on Clause 2, Article 1 ofDecree 180/2024/ND-CP, the reduction rate of VAT in the first 6 months of 2025 is stipulated as follows:

- Businesses calculating VAT by the deduction method are applied a VAT rate of 8% xem bóng đá trực tiếp vtv2 goods and services specified in Clause 1, Article 1 ofDecree 180/2024/ND-CP.

- Businesses (including business households and individuals) calculating VAT by the percentage method on revenue are reduced by 20% of the percentage rate xem bóng đá trực tiếp vtv2 calculating VAT when issuing invoices xem bóng đá trực tiếp vtv2 goods and services subject to VAT reduction stipulated in Clause 1, Article 1 ofDecree 180/2024/ND-CP.

Which entities are eligible xem bóng đá trực tiếp vtv2 a 20% reduction of VAT rate?

Based on Clause 1, Article 1 ofDecree 180/2024/ND-CP, the entities qualifying xem bóng đá trực tiếp vtv2 a reduction of VAT are stipulated as follows:

- A reduction of VAT is applied to groups of goods and services currently subjected to a 10% tax rate, except xem bóng đá trực tiếp vtv2 the following groups:

+ Telecommunications, finance, banking, securities, insurance, real estate business, metal production and fabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products. Details in Appendix 1 attached toDecree 180/2024/ND-CP.

+ Goods and services subject to special consumption tax. Details in Appendix 2 attached toDecree 180/2024/ND-CP.

+ Information technology products according to IT law. Details in Appendix 3 attached toDecree 180/2024/ND-CP.

+ The VAT reduction xem bóng đá trực tiếp vtv2 each type of goods and services specified in Clause 1, Article 1 ofDecree 180/2024/ND-CPis uniformly applied to import, production, processing, and commercial stages. xem bóng đá trực tiếp vtv2 coal extraction sold (including cases where extracted coal is subsequently screened, classified through a closed process before being sold), is reduced VAT. Coal products belong to Appendix 1 attached toDecree 180/2024/ND-CP, at other stages besides the extraction stage, VAT is not reduced.

- Corporations and economic groups implementing closed processes before selling are also subjects of VAT reduction xem bóng đá trực tiếp vtv2 extracted coal sold.

- In the case that goods and services specified in Appendices 1, 2, and 3 attached toDecree 180/2024/ND-CPfall into non-VAT subjects or VAT 5% subjects under the Law on VAT, the provisions in the Law on VAT are applied, and VAT reduction is not available.

When is the time xem bóng đá trực tiếp vtv2 determining VAT in Vietnam?

Based on Article 8 ofCircular 219/2013/TT-BTC, the time xem bóng đá trực tiếp vtv2 determining VAT is prescribed as follows:

- xem bóng đá trực tiếp vtv2 the sale of goods, it is the time of transferring ownership or rights to use goods to the buyer, regardless of whether the payment has been received.

- xem bóng đá trực tiếp vtv2 services provided, it is the time of completing the service provision or the time of issuing a service provision invoice, regardless of whether payment has been received.

- xem bóng đá trực tiếp vtv2 telecommunications services, it is the time of finalizing billing data xem bóng đá trực tiếp vtv2 telecommunications service connection charges according to the economic contract between telecom service providers, but no later than 2 months from the month in which connection charges arise.

- xem bóng đá trực tiếp vtv2 electricity and clean water supply activities, it is the date recorded xem bóng đá trực tiếp vtv2 electricity and water consumption on the meter xem bóng đá trực tiếp vtv2 invoice calculation.

- xem bóng đá trực tiếp vtv2 real estate business activities, infrastructure construction, housing construction xem bóng đá trực tiếp vtv2 sale, transfer, or rental, it is the time of money collection as per the project implementation or payment schedule in the contract. Based on the collected amount, the business shall declare output VAT arising in the period.

- xem bóng đá trực tiếp vtv2 construction and installation, including shipbuilding, it is the time of acceptance and handover of construction works, completed construction items, and installed volumes, regardless of whether payment has been received.

- xem bóng đá trực tiếp vtv2 imported goods, it is the time of customs declaration registration.