What is trực tiếp bóng đá hôm nay handling of VAT reduction after trực tiếp bóng đá hôm nay invoice has been issued and declared in Vietnam?
What is trực tiếp bóng đá hôm nay handling ofVAT reduction after trực tiếp bóng đá hôm nay invoice has been issued and declared in Vietnam?
According to Clause 5, Article 1 ofDecree 72/2024/ND-CP, it is stipulated as follows:
Reduction of Value Added Tax (VAT)
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5. In cases where trực tiếp bóng đá hôm nay business establishment has issued an invoice and declared according to trực tiếp bóng đá hôm nay tax rate or percentage for calculating VAT that has not been reduced as per this Decree, trực tiếp bóng đá hôm nay seller and trực tiếp bóng đá hôm nay buyer shall handle trực tiếp bóng đá hôm nay issued invoice according to legal regulations on invoices and documents. Based on trực tiếp bóng đá hôm nay processed invoice, trực tiếp bóng đá hôm nay seller shall declare adjustments to trực tiếp bóng đá hôm nay output tax, and trực tiếp bóng đá hôm nay buyer shall declare adjustments to trực tiếp bóng đá hôm nay input tax (if any).
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Thus, in cases where trực tiếp bóng đá hôm nay business establishment has issued an invoice and declared according to trực tiếp bóng đá hôm nay tax rate or percentage for calculating VAT but it has not been reduced as per trực tiếp bóng đá hôm nay regulations, trực tiếp bóng đá hôm nay seller and buyer shall process trực tiếp bóng đá hôm nay issued invoice as per legal regulations. Based on trực tiếp bóng đá hôm nay processed invoice, trực tiếp bóng đá hôm nay seller declares adjustments to trực tiếp bóng đá hôm nay output tax, and trực tiếp bóng đá hôm nay buyer declares adjustments to trực tiếp bóng đá hôm nay input tax (if any).
What is trực tiếp bóng đá hôm nay handling of VAT reduction after trực tiếp bóng đá hôm nay invoice has been issued and declared in Vietnam?(Image from trực tiếp bóng đá hôm nay Internet)
How to issue an invoice with VAT reduction in Vietnam?
According to Clauses 3 and 4, Article 1 ofDecree 72/2024/ND-CP, trực tiếp bóng đá hôm nay procedures for reducing VAT are specified as follows:
Reduction of Value Added Tax (VAT)
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3. Procedures for implementation
a) For business establishments specified at point a, clause 2 of this Article, when issuing a VAT invoice for goods and services subject to VAT reduction, trực tiếp bóng đá hôm nay VAT rate line should state “8%”; VAT amount; total amount payable by trực tiếp bóng đá hôm nay buyer. Based on trực tiếp bóng đá hôm nay VAT invoice, trực tiếp bóng đá hôm nay business establishment selling goods and services shall declare trực tiếp bóng đá hôm nay output VAT, and trực tiếp bóng đá hôm nay business establishment buying goods and services shall declare trực tiếp bóng đá hôm nay deduction of input VAT according to trực tiếp bóng đá hôm nay reduced tax amount recorded on trực tiếp bóng đá hôm nay VAT invoice.
b) For business establishments specified at point b, clause 2 of this Article, when issuing a sales invoice for goods and services subject to VAT reduction, in trực tiếp bóng đá hôm nay “Amount” column, trực tiếp bóng đá hôm nay full amount for goods and services before reduction, in trực tiếp bóng đá hôm nay “Total amount for goods and services” line, write according to trực tiếp bóng đá hôm nay amount reduced by 20% of trực tiếp bóng đá hôm nay percentage on revenue and annotate: “reduced by... (amount) corresponding to 20% of trực tiếp bóng đá hôm nay percentage to calculate VAT according to Resolution No. 142/2024/QH15.”
4. In cases where business establishments specified at point a, clause 2 of this Article apply different tax rates when selling goods and providing services, trực tiếp bóng đá hôm nay VAT invoice must clearly state trực tiếp bóng đá hôm nay tax rate for each goods and service as per clause 3 of this Article.
In cases where business establishments specified at point b, clause 2 of this Article sell goods and provide services, trực tiếp bóng đá hôm nay sales invoice must state trực tiếp bóng đá hôm nay amount reduced in accordance with clause 3 of this Article.
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Thus, when issuing a VAT invoice, trực tiếp bóng đá hôm nay VAT reduction is recorded as follows:
- For business establishments calculating VAT by trực tiếp bóng đá hôm nay deduction method:
+ At trực tiếp bóng đá hôm nay tax rate line: Record 8%
+ Record fully: VAT amount and trực tiếp bóng đá hôm nay total amount payable by trực tiếp bóng đá hôm nay buyer.
In cases where business establishments sell goods and provide services applying different tax rates, trực tiếp bóng đá hôm nay VAT invoice must clearly state trực tiếp bóng đá hôm nay tax rate for each goods and service in accordance with trực tiếp bóng đá hôm nay regulations on trực tiếp bóng đá hôm nay procedures for issuing invoices.
- For business establishments (including business households and individual businesses) calculating VAT by trực tiếp bóng đá hôm nay percentage method on revenue:
+ "Amount" column: Record trực tiếp bóng đá hôm nay full amount for goods and services before reduction.
+ In trực tiếp bóng đá hôm nay "Total amount for goods and services" line: Record according to trực tiếp bóng đá hôm nay amount reduced by 20% of trực tiếp bóng đá hôm nay percentage on revenue and annotate: “reduced by... (amount) corresponding to 20% of trực tiếp bóng đá hôm nay percentage to calculate VAT according toNghị trực tiếp bóng đá việt nam.”
In cases where business establishments sell goods and provide services, trực tiếp bóng đá hôm nay sales invoice must clearly state trực tiếp bóng đá hôm nay amount reduced in accordance with trực tiếp bóng đá hôm nay procedures for issuing invoices.
Until when is trực tiếp bóng đá hôm nay VAT reduction under Decree 72 applicable in Vietnam?
According to Clause 1, Article 2 ofDecree 72/2024/ND-CP:
Effectiveness and implementation
1. This Decree is effective from July 1, 2024, to trực tiếp bóng đá hôm nay end of December 31, 2024.
2. trực tiếp bóng đá hôm nay ministries according to their functions, tasks, and trực tiếp bóng đá hôm nay People's Committee of trực tiếp bóng đá hôm nay province, centrally-affiliated cities direct relevant agencies to deploy propaganda, guidance, inspection, and supervision so that consumers understand and benefit from trực tiếp bóng đá hôm nay VAT reduction policy stipulated in Article 1 of this Decree, with a focus on solutions to stabilize trực tiếp bóng đá hôm nay supply and demand of goods and services subject to VAT reduction, to maintain stable market prices (prices excluding VAT) from July 1, 2024, to trực tiếp bóng đá hôm nay end of December 31, 2024.
3. During trực tiếp bóng đá hôm nay implementation process, if any problems arise, trực tiếp bóng đá hôm nay Ministry of Finance is authorized to guide and resolve them.
4. trực tiếp bóng đá hôm nay Ministers, Heads of Ministerial-level agencies, Heads of agencies under trực tiếp bóng đá hôm nay Government of Vietnam, Chairman of trực tiếp bóng đá hôm nay People's Committee of trực tiếp bóng đá hôm nay province, centrally-affiliated cities, and related businesses, organizations, and individuals are responsible for trực tiếp bóng đá hôm nay implementation of this Decree.
lịch trực tiếp bóng đátakes effect from July 1, 2024, to trực tiếp bóng đá hôm nay end of December 31, 2024.
This also means that trực tiếp bóng đá hôm nay provision reducing VAT to 8% only applies until December 31, 2024.
From January 1, 2025, trực tiếp bóng đá hôm nay VAT rate for goods and services that were reduced will return to trực tiếp bóng đá hôm nay rate of 10% (unless otherwise regulated by other documents).
