What are trực tiếp bóng đá euro hôm nay deductible expenses when determining income subject to CIT in Vietnam?

What are trực tiếp bóng đá euro hôm nay deductible expenses when determiningincome subject to CIT in Vietnam?

According to Clause 1, Article 9 ofDecree 218/2013/ND-CPsupplemented by Clause 5, Article 1 ofDecree 12/2015/ND-CP, trực tiếp bóng đá euro hôm nay deductible expenses when determining taxable income include:

- Actual expenditures on trực tiếp bóng đá euro hôm nay enterprise’s operation, including trực tiếp bóng đá euro hôm nay following expenditures:

+ Expenditures on provision of defense and security education, training, operation of trực tiếp bóng đá euro hôm nay militia, and performance of other defense and security tasks as prescribed by law; expenditures on support for operation of Communist Party organizations and intramural socio-political organizations of enterprises;

+ Expenditures on provision of vocational education and vocational training for employees as prescribed by law;

+ Actual expenditures on prevention and control of HIV/AIDS at work of enterprises, including: expenditure on provision of training for enterprise’s employees in charge of HIV/AIDS prevention and control, expenditure on propagation on HIV/AIDS prevention and control among enterprises’ employees, cost of consultancy, diagnosis, and HIV testing, expenditures on support for HIV sufferers being enterprises’ employees

- Expenditures with adequate invoices and documents as prescribed by law;

For trực tiếp bóng đá euro hôm nay cases: Purchase of goods which are agricultural, forestry and aqua products directly caught and sold out; buying handmade products made ​​of jute, sedge, bamboo, rattan, straw, coconut shell, internal coconut shell or materials used from agricultural products of handicraft producers directly selling, buying soil, rocks, sand, and gravel of family households and individuals exploiting by themselves directly selling, buying scrap from collectors, buying furniture and property from family households and individuals directly selling and trực tiếp bóng đá euro hôm nay purchase services of family households and individuals without business must have voucher paid to trực tiếp bóng đá euro hôm nay seller and list of purchase of goods or services which trực tiếp bóng đá euro hôm nay enterprises’ legal representatives or authorized persons signs and assume trực tiếp bóng đá euro hôm nay responsibility.

- For individual invoice of purchase of goods and services with value from twenty million dong or more, there must be voucher of non-cash payment, except for enterprises’ expenditures for implementing trực tiếp bóng đá euro hôm nay duties of national defense and security, activities of HIV/AIDS prevention at workplace, support of activities of Party or social political organizations in enterprises specified at Point a, Clause 1, Article 9 ofDecree 218/2013/ND-CP; for trực tiếp bóng đá euro hôm nay purchase of goods and services made with trực tiếp bóng đá euro hôm nay List specified at Point b, Clause 1, Article 9 ofDecree 218/2013/ND-CP;

What are trực tiếp bóng đá euro hôm nay deductible expenses when determining income subject to CIT in Vietnam? (Image from trực tiếp bóng đá euro hôm nay Internet)

What are trực tiếp bóng đá euro hôm nay non-deductible expenses when determining income subject to CIT in Vietnam?

According to Clause 2, Article 9 ofDecree 218/2013/ND-CPamended by Clause 5, Article 1 ofDecree 91/2014/ND-CPand Clause 6, Article 1, Clause 3, Article 6 ofDecree 12/2015/ND-CP; Article 2 ofDecree 146/2017/ND-CP, non-deductible expenses when determining taxable income are performed under Clause 2, Article 9 ofCorporate Income Tax Law 2008and Clause 5, Article 1 of trực tiếp bóng đá euro hôm nayLaw on Amendment to Corporate Income Tax Law 2013. A number of cases where expenditures are not deducted are specified as follows:

- trực tiếp bóng đá euro hôm nay expenditures not satisfying trực tiếp bóng đá euro hôm nay conditions specified in Clause 1, Article 9 ofDecree 218/2013/ND-CP, except for trực tiếp bóng đá euro hôm nay value of damage due to natural disaster, epidemics, fire and other unforeseencircumstances are not compensated;

trực tiếp bóng đá euro hôm nay value of losses due to natural disasters, epidemics, fires and other unforeseen circumstances without compensation is determined by trực tiếp bóng đá euro hôm nay total loss value minus (-) trực tiếp bóng đá euro hôm nay value trực tiếp bóng đá euro hôm nay insurers or other individuals and organizations must compensate as prescribed by law;

- trực tiếp bóng đá euro hôm nay excess cost of business management allocated by trực tiếp bóng đá euro hôm nay foreign enterprises to trực tiếp bóng đá euro hôm nay permanent establishment in Vietnam is calculated by trực tiếp bóng đá euro hôm nay following formula:

- trực tiếp bóng đá euro hôm nay expenditure exceeds as prescribed by law on provision appropriation;

- trực tiếp bóng đá euro hôm nay depreciation of fixed assets that does not comply with regulations of trực tiếp bóng đá euro hôm nay Ministry of Finance, including: depreciation for cars with fewer than 9 seats (except for cars used for passenger transport, tourism, or hotel operation; cars used for display and test drive by car dealers) in proportion to trực tiếp bóng đá euro hôm nay portion of cost in excess of 1.6 billion dong per car; depreciation of civil aircraft or yachts not used for transport of passengers or goods, tourism, or hotel operation.

- trực tiếp bóng đá euro hôm nay accruals on expenses inconsistently with regulations of law;

trực tiếp bóng đá euro hôm nay accruals included in trực tiếp bóng đá euro hôm nay expenses deducted are: accruals of periodic overhaul of fixed assets, of operations with revenue accounted but trực tiếp bóng đá euro hôm nay obligations must be performed under contract including asset leasing prepaid for many years but trực tiếp bóng đá euro hôm nay lessor has accounted trực tiếp bóng đá euro hôm nay whole into trực tiếp bóng đá euro hôm nay revenue of money collecting year and other accruals as prescribed by trực tiếp bóng đá euro hôm nay Ministry of Finance;

- Payments of interest from loans corresponding to trực tiếp bóng đá euro hôm nay missing charter capital, under trực tiếp bóng đá euro hôm nay capital contribution schedule stated in trực tiếp bóng đá euro hôm nay enterprise’s charter capital; interest from loan has been recoded into trực tiếp bóng đá euro hôm nay value of assets; interest from loans to implement contracts for exploration and extraction of oil and gas;

- Expenditure for advertising, marketing, promotion, brokerage commission (excluding insurance commission as prescribed by law on insurance business, commission for sales agent at right price, commission paid to trực tiếp bóng đá euro hôm nay distributor of multi-level marketing enterprises); expenditures for reception, meeting, conference; expenditures for support of costs directly related to trực tiếp bóng đá euro hôm nay business and production activities exceeding 15% total expenditure deducted.

trực tiếp bóng đá euro hôm nay total expenditure deducted excluding trực tiếp bóng đá euro hôm nay expenditures specified above; for commercial operation excluding

Expenditures subject to expense control at this Point include donation or offer to customers;

- trực tiếp bóng đá euro hôm nay expenses permitted for recovery exceed trực tiếp bóng đá euro hôm nay rate specified in oil and gas contract approved. Where trực tiếp bóng đá euro hôm nay oil and gas contract does not provide for expense recovery rate, trực tiếp bóng đá euro hôm nay expense exceeding more than 35% shall not be included in trực tiếp bóng đá euro hôm nay expenses deducted. trực tiếp bóng đá euro hôm nay expenses not included in trực tiếp bóng đá euro hôm nay recovered expenses include:

+ trực tiếp bóng đá euro hôm nay expenditures specified in Clause 2, Article 9 of trực tiếp bóng đá euro hôm nay Law on corporate income tax and Point 2, Clause 5, Article 1 of trực tiếp bóng đá euro hôm nay Law amending and supplementing a number of articles of trực tiếp bóng đá euro hôm nay Law on corporate income tax;

+ Costs incurred prior to trực tiếp bóng đá euro hôm nay effect of trực tiếp bóng đá euro hôm nay oil and gas contract, unless otherwise agreed in oil and gas contract or by decision of trực tiếp bóng đá euro hôm nay Prime Minister;

+ Other types of petroleum commissions and expenditure are not included in trực tiếp bóng đá euro hôm nay recovery expenses under contract;

+ Interest expenses for trực tiếp bóng đá euro hôm nay investment in search, exploration, development of mire and oil and gas extraction;

+ Fines and compensation for damage;

- trực tiếp bóng đá euro hôm nay input value added tax deducted and trực tiếp bóng đá euro hôm nay input value added tax of value of car with 9 seats or less exceeding 1.6 billion dong shall not be deducted . trực tiếp bóng đá euro hôm nay corporate income tax and taxes, fees, charges and other revenues are not included in trực tiếp bóng đá euro hôm nay expenses as prescribed by trực tiếp bóng đá euro hôm nay Ministry of Finance;

- trực tiếp bóng đá euro hôm nay expenditures not corresponding to trực tiếp bóng đá euro hôm nay taxable income, except for some special cases under trực tiếp bóng đá euro hôm nay guidance of trực tiếp bóng đá euro hôm nay Ministry of Finance;

l) Foreign exchange differences from revaluation of monetary items with foreign currency origin at trực tiếp bóng đá euro hôm nay end of tax period, except for trực tiếp bóng đá euro hôm nay foreign exchange differences from revaluation of debts payable with with foreign currency origin at trực tiếp bóng đá euro hôm nay end of tax period and trực tiếp bóng đá euro hôm nay foreign exchange differences during trực tiếp bóng đá euro hôm nay basic construction investment to form trực tiếp bóng đá euro hôm nay fixed assets of enterprises newly established but theses assets have not been put into business and production shall comply with guidance of trực tiếp bóng đá euro hôm nay Ministry of Finance;

For debts receivables, loan with foreign currency generated in trực tiếp bóng đá euro hôm nay period, trực tiếp bóng đá euro hôm nay foreign exchange difference included in trực tiếp bóng đá euro hôm nay expenses deducted is trực tiếp bóng đá euro hôm nay difference between trực tiếp bóng đá euro hôm nay exchange rate at trực tiếp bóng đá euro hôm nay time of debt recovery or loan recovery with trực tiếp bóng đá euro hôm nay exchange rate at trực tiếp bóng đá euro hôm nay time of recording trực tiếp bóng đá euro hôm nay debts receivable or initial loan;

- Salaries and wages of private business owners , owners of one-member limited liability companies ( owned by an individual ) , remuneration paid to a founding member of enterprise but these are not directly involved in administration of production and business; salaries , wages and other expenses accounted to be paid to workers but in fact not paid or without invoice or voucher as prescribed by law; expenditures for bonuses or buying life insurance for employees without specified eligibility for enjoyment in one of trực tiếp bóng đá euro hôm nay following documents: labor contract, collective labor agreement; financial Regulation of Company , Corporation or Group; reward Regulation specified by Chairman of trực tiếp bóng đá euro hôm nay Board, General Director and Director based on trực tiếp bóng đá euro hôm nay financial regulations of Company or Corporation; expenditures for salaries, wages and allowances payable to employees but trực tiếp bóng đá euro hôm nay expired time limit for submission of documents for annual tax settlement actually not paid yet unless enterprises have appropriate provision fund to supplement trực tiếp bóng đá euro hôm nay salary fund of trực tiếp bóng đá euro hôm nay subsequent year to ensure trực tiếp bóng đá euro hôm nay payment of salary is not interrupted or used for other purposes. trực tiếp bóng đá euro hôm nay annual rate of provision is decided by enterprises but not exceeding 17% of salary fund implemented (as trực tiếp bóng đá euro hôm nay total salary actually paid of that settlement year to trực tiếp bóng đá euro hôm nay time limit for submission of settlement document as prescribed, excluding trực tiếp bóng đá euro hôm nay amount of appropriation of salary provision fund of previous year spent in trực tiếp bóng đá euro hôm nay tax settlement year). Where in previous year, trực tiếp bóng đá euro hôm nay enterprises have appropriated their salary provision fund but after 06 months, from trực tiếp bóng đá euro hôm nay end day of financial year, trực tiếp bóng đá euro hôm nay enterprises have not used or have used up their salary provision fund, trực tiếp bóng đá euro hôm nay enterprises must record trực tiếp bóng đá euro hôm nay reduction of costs of trực tiếp bóng đá euro hôm nay following year;

- Grants, except for grants for education, health care, scientific research, disaster recovery, building of unity houses, gratitude houses and houses for trực tiếp bóng đá euro hôm nay poor, trực tiếp bóng đá euro hôm nay subjectsenjoyed preferential treatment policyas prescribed by law, trực tiếp bóng đá euro hôm nay grants under trực tiếp bóng đá euro hôm nay State program for localities in areas having extremely difficiculty socio-economic conditions;

Organizations receiving trực tiếp bóng đá euro hôm nay grants for scientific research specified at Point n, Clause 2, Article 9 ofDecree 218/2013/ND-CPis technological and scientific organizations established and operating under trực tiếp bóng đá euro hôm nayLuật khoa học lịch trực tiếp bóngperforming their scientific and technological duties as prescribed by law on science and technology;

- Expenditures in excess of 01 million VND / month / person for: Deduction for voluntary pension fund, purchase of voluntary pension insurance, life insurance for employees; trực tiếp bóng đá euro hôm nay excess of rate specified by law on social insurance or trực tiếp bóng đá euro hôm nay health insurance appropriated for funds of social security (social insurance, compulsory supplementary pension insurance), medical insurance fund and unemployment insurance fund for employees);

Expenditures appropriated for trực tiếp bóng đá euro hôm nay voluntary pension fund, social security fund, purchase of voluntary pension insurance, life insurance for employees are included in trực tiếp bóng đá euro hôm nay expenses deducted in addition to failure to exceed trực tiếp bóng đá euro hôm nay rate specified in this Clause, trực tiếp bóng đá euro hôm nay conditions for enjoyment and rate of enjoyment in one of trực tiếp bóng đá euro hôm nay following documents: labor contract, collective labor agreement; financial Regulation of company, corporation or group; reward Regulation specified by Chairman of trực tiếp bóng đá euro hôm nay Board, General Director and Director based on trực tiếp bóng đá euro hôm nay financial regulations of Company or Corporation

- Expenditures of business activities: banking, insurance, lottery, secutiries, and stock and some specific business activities as prescribed by trực tiếp bóng đá euro hôm nay Ministry of Finance;

- Cash for late payment of tax under trực tiếp bóng đá euro hôm nay provisions of trực tiếp bóng đá euro hôm nayLuật Quản trực tiếp bóng;

- Expenditures directly related to trực tiếp bóng đá euro hôm nay issue of stock (except for stocks classified as liabilities payable) and dividend of stocks (except for dividend of stock classified as liabilities payable), trading of fund stocks and other expenditures directly related to trực tiếp bóng đá euro hôm nay increase or reduction of equity of enterprise;

What are trực tiếp bóng đá euro hôm nay sources of taxable income for corporate income tax?

Under Article 3 of trực tiếp bóng đá euro hôm nayCorporate Income Tax Law 2008amended by Clause 1, Article 1 of trực tiếp bóng đá euro hôm nayLaw on Amendments toTax Laws 2014, taxable incomes include income from goods and service production and business activities and other incomes.

Other incomes include:

+ income from transfer of capital, transfer of trực tiếp bóng đá euro hôm nay right to capital contribution;

+ income from real estate transfer, transfer of construction projects, transfer of trực tiếp bóng đá euro hôm nay right to participate in construction projects, transfer of trực tiếp bóng đá euro hôm nay right to mineral exploration, mineral extraction, and mineral processing;

+ income from trực tiếp bóng đá euro hôm nay right to enjoyment of property, right to ownership of property, including income from intellectual property rights defined by law;

+income from transfer, lease, liquidation of assets, including valuable papers;

+ income from deposit interest, loan interest, sale of foreign exchange;

+ collection of debts that were cancelled; receipts from debts without creditors;

+ incomes from business operation in previous years that were committed, and other incomes.

With regard to Vietnamese companies making investments in trực tiếp bóng đá euro hôm nay countries with which Vietnam have Double Taxation Agreement and transfer incomes exclusive of corporate income tax paid overseas to Vietnam, regulations of such Double Taxation Agreements shall apply.

If investments are made in countries with which Vietnam has not had Double Taxation Agreements, and if corporate income tax incurred in such countries is lower than that imposed by trực tiếp bóng đá euro hôm nay Law on Corporate income tax of Vietnam, trực tiếp bóng đá euro hôm nay tax difference shall be paid.