What is trực tiếp bóng đá hôm nay euro formula for calculating value-added tax payable by trực tiếp bóng đá hôm nay euro direct method based on revenue in Vietnam from July 1, 2025?

What is trực tiếp bóng đá hôm nay euro formula for calculating value-added tax payable by trực tiếp bóng đá hôm nay euro direct method based on revenue in Vietnam from July 1, 2025?

Pursuant to Clause 2, Article 12 of trực tiếp bóng đá hôm nay euroLaw on Value-Added Tax 2024(effective from July 1, 2025), trực tiếp bóng đá hôm nay euro regulation is as follows:

Direct Calculation Method

...

2. trực tiếp bóng đá hôm nay euro value-added tax payable by trực tiếp bóng đá hôm nay euro direct method based on revenue is calculated as a percentage rate multiplied by trực tiếp bóng đá hôm nay euro revenue applicable as follows:

a) trực tiếp bóng đá hôm nay euro applicable subjects include:

a1) Enterprises, cooperatives, and cooperative unions with annual revenue below trực tiếp bóng đá hôm nay euro revenue threshold of 1 billion VND, unless voluntarily applying trực tiếp bóng đá hôm nay euro tax deduction method as prescribed in Clause 2, Article 11 of this Law;

a2) Households, individuals producing, doing business, except as prescribed in Clause 3 of this Article;

a3) Foreign organizations without a permanent establishment in Vietnam, individuals abroad who are non-residents of Vietnam with revenue arising in Vietnam that have not fully implemented accounting, invoices, and vouchers policies, excluding foreign suppliers specified in Clause 4, Article 4 of this Law;

a4) Other organizations, except those paying tax under trực tiếp bóng đá hôm nay euro tax deduction method stipulated in Clause 2, Article 11 of this Law;

b) trực tiếp bóng đá hôm nay euro percentage rates for calculating value-added tax are stipulated as follows:

b1) Distribution, supply of goods: 1%;

b2) Services, construction without materials: 5%;

b3) Production, transport, services associated with goods, construction with materials: 3%;

b4) Other business activities: 2%;

c) Revenue for calculating value-added tax is trực tiếp bóng đá hôm nay euro total amount of goods and services sales recorded on trực tiếp bóng đá hôm nay euro sales invoice, including surcharges and additional fees received by trực tiếp bóng đá hôm nay euro business entity.

...

Thus, according to trực tiếp bóng đá hôm nay euro above regulation, trực tiếp bóng đá hôm nay euro formula for calculating value-added tax payable by trực tiếp bóng đá hôm nay euro direct method based on revenue from July 1, 2025, is:

VAT payable by trực tiếp bóng đá hôm nay euro direct method based on revenue percentage rate multiplied with trực tiếp bóng đá hôm nay euro revenue

Where, trực tiếp bóng đá hôm nay euro percentage rates are as follows:

- Distribution, supply of goods: 1%;

- Services, construction without materials: 5%;

- Production, transport, services associated with goods, construction with materials: 3%;

- Other business activities: 2%;

What is trực tiếp bóng đá hôm nay euro formula for calculating value-added tax payable by trực tiếp bóng đá hôm nay euro direct method based on revenue in Vietnam from July 1, 2025?(Image from trực tiếp bóng đá hôm nay euro Internet)

How is input VAT deducted when paying VAT by trực tiếp bóng đá hôm nay euro deduction method in Vietnam?

According to Clause 1, Article 14 of trực tiếp bóng đá hôm nay euroLaw on Value-Added Tax 2024(effective from July 1, 2025), it is regulated as follows:

Business establishments paying VAT by trực tiếp bóng đá hôm nay euro deduction method are allowed to deduct input VAT as follows:

- Input VAT of goods and services used for producing, trading goods, and services subject to VAT can be fully deducted, including input VAT not compensated for VAT-subjected goods and services that are lost or naturally wasted due to physical and chemical properties during transportation;

- Input VAT of goods and services used simultaneously for producing and trading both VAT-subjected and non-VAT-subjected goods and services can only be deducted for VAT of goods and services used for trực tiếp bóng đá hôm nay euro production and business of VAT-subjected goods and services. trực tiếp bóng đá hôm nay euro business establishment must separately account for deductible and non-deductible input VAT;

In cases where separate accounting is not possible, trực tiếp bóng đá hôm nay euro input VAT deductible is calculated according to trực tiếp bóng đá hôm nay euro percentage of revenue from VAT-subjected goods and services compared to trực tiếp bóng đá hôm nay euro total revenue from goods and services sold;

- Input VAT for goods and services sold to organizations and individuals using humanitarian aid funds or non-refundable aid can be completely deducted;

- Input VAT for goods and services used for oil and gas exploration and development activities can be fully deducted;

- Input VAT incurred in any month or quarter is declared and deducted when determining trực tiếp bóng đá hôm nay euro tax payable for that month or quarter. Any input VAT not fully deducted in that month or quarter can be carried forward to trực tiếp bóng đá hôm nay euro next;

+ If a business establishment discovers errors or omissions in input VAT during declaration and deduction, they can amend before trực tiếp bóng đá hôm nay euro tax authority or competent authority issues a tax audit or inspection decision as follows:

+ trực tiếp bóng đá hôm nay euro taxpayer makes a supplementary declaration in trực tiếp bóng đá hôm nay euro month or quarter when trực tiếp bóng đá hôm nay euro erroneous input VAT arises, if trực tiếp bóng đá hôm nay euro error leads to increased tax payable or reduced refundable tax;

+ trực tiếp bóng đá hôm nay euro taxpayer must pay trực tiếp bóng đá hôm nay euro additional tax payable or be liable for trực tiếp bóng đá hôm nay euro recovery of refunded tax and pay late payment fees to trực tiếp bóng đá hôm nay euro state budget (if any).

+ trực tiếp bóng đá hôm nay euro taxpayer declares in trực tiếp bóng đá hôm nay euro month or quarter when trực tiếp bóng đá hôm nay euro error is discovered if trực tiếp bóng đá hôm nay euro erroneous input VAT declaration merely reduces tax payable or only affects trực tiếp bóng đá hôm nay euro carry-forward amount of input VAT to subsequent months or quarters;

- For non-deductible input VAT, trực tiếp bóng đá hôm nay euro business establishment may account it as expenses for corporate income tax calculation or added to trực tiếp bóng đá hôm nay euro asset's initial cost according to regulations on corporate income tax, except for VAT on purchased goods and services without non-cash payment documents as prescribed by trực tiếp bóng đá hôm nay euro Government of Vietnam;

- trực tiếp bóng đá hôm nay euro Government of Vietnam details trực tiếp bóng đá hôm nay euro deduction of input VAT for: goods and services forming fixed assets serving employees; cases of capital contribution with assets; goods and services purchased under delegation to other organizations and individuals where trực tiếp bóng đá hôm nay euro invoice is in trực tiếp bóng đá hôm nay euro name of trực tiếp bóng đá hôm nay euro delegate; passenger cars with up to 9 seats; business establishments with integrated and centralized accounting.

What are 8 prohibited actsin VAT deductionin Vietnam from July 1, 2025?

According to Article 13 of trực tiếp bóng đá hôm nay euroLaw on Value-Added Tax 2024(Effective from July 1, 2025), trực tiếp bóng đá hôm nay euro following 8 acts are prohibited in VAT deduction:

Act 1: Buying, giving, selling, organizing advertising, brokering trực tiếp bóng đá hôm nay euro buying, and selling of invoices.

Act 2: Creating fictitious transactions of buying and selling goods or providing services or transactions not conformable with trực tiếp bóng đá hôm nay euro law.

Act 3: Issuing invoices for goods sold and services provided during a temporary business suspension, except when issuing invoices to customers for contracts signed before trực tiếp bóng đá hôm nay euro notification of business suspension.

Act 4: Using illegal invoices or documents, or illegal use of invoices or documents according to regulations of trực tiếp bóng đá hôm nay euro Government of Vietnam.

Act 5: Not transmitting electronic invoice data to trực tiếp bóng đá hôm nay euro tax authority as required.

Act 6: Tampering with, misusing, unauthorized access, or destroying information systems related to invoices and documents.

Act 7: Offering, receiving, or brokering bribes, or engaging in other conduct related to invoices and documents to obtain tax deduction, refunds, embezzle tax funds, or evade VAT.

Act 8: Colluding, concealing; connecting between tax management officials, tax authorities and business entities, importers, or between business entities and importers in using illegal invoices and documents or illegal use of invoices and documents to obtain tax deduction, refunds, embezzle tax funds, or evade VAT.