What is đá bóng trực tiếp time for determining turnover for calculating taxable income for CIT in Vietnam?
What is đá bóng trực tiếp time for determining turnover for calculating taxable income for CIT in Vietnam?
Based on Clause 2, Article 5 ofCircular 78/2014/TT-BTC, đá bóng trực tiếp timing for determining turnover to calculate CIT taxable income is regulated as follows:
Turnover
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2. đá bóng trực tiếp timing for determining turnover to calculate taxable income is as follows:
a) For đá bóng trực tiếp sale of goods, it is đá bóng trực tiếp time of transfer of ownership or use rights of goods to đá bóng trực tiếp buyer.
b) For service provision activities, it is đá bóng trực tiếp time when đá bóng trực tiếp service provision is completed or đá bóng trực tiếp completion of each part of đá bóng trực tiếp service provision to đá bóng trực tiếp buyer, except for cases specified in Clause 3, Article 5 of Circular 78/2014/TT-BTC, and Clause 1, Article 6 of Circular 119/2014/TT-BTC.
c) For air transport activities, it is đá bóng trực tiếp time when đá bóng trực tiếp transportation service provision is completed for đá bóng trực tiếp buyer.
d) Other cases as regulated by law.
Thus, đá bóng trực tiếp timing for determining turnover to calculate CIT taxable income is as follows:
- For đá bóng trực tiếp sale of goods: It is đá bóng trực tiếp time of transfer of ownership or use rights of goods to đá bóng trực tiếp buyer.
- For service provision activities: It is đá bóng trực tiếp time when đá bóng trực tiếp service provision is completed or đá bóng trực tiếp completion of each part of đá bóng trực tiếp service provision to đá bóng trực tiếp buyer.
Except for some cases of determining turnover according to Clause 3, Article 5 ofCircular 78/2014/TT-BTC, and goods and services used for exchange at Clause 1, Article 6 of Circular 119/2014/TT-BTC.
- For air transport activities: It is đá bóng trực tiếp time when đá bóng trực tiếp transportation service provision is completed for đá bóng trực tiếp buyer.
- Other cases as regulated by law.
What is đá bóng trực tiếp time for determining turnover for calculating taxable income for CIT in Vietnam? (Image from đá bóng trực tiếp Internet)
When is đá bóng trực tiếp timefor determining turnover to calculate CIT taxable income for goods and services used for exchange in Vietnam?
Based on đá bóng trực tiếp regulations at Point b, Clause 3, Article 5 ofCircular 78/2014/TT-BTC(as amended by Clause 1, Article 6,Circular 119/2014/TT-BTC):
turnover
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- turnover to calculate taxable income in certain cases is determined as follows:
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b) For goods and services used for exchange (excluding goods and services used to continue đá bóng trực tiếp production and business process of đá bóng trực tiếp enterprise), it is determined based on đá bóng trực tiếp selling price of đá bóng trực tiếp same or equivalent product, goods, or services on đá bóng trực tiếp market at đá bóng trực tiếp time of exchange.
Example: Enterprise A, which manufactures automobile parts and assembles automobiles, uses đá bóng trực tiếp tires produced by its enterprise for exhibition or uses these tires to continue đá bóng trực tiếp assembly into a complete automobile; in this case, đá bóng trực tiếp automobile tires do not have to be converted to be calculated into turnover for calculating corporate income tax.
Example: Enterprise B, a computer manufacturing company, provides some computers manufactured by đá bóng trực tiếp company to employees for work within đá bóng trực tiếp company; these computers do not have to be converted into turnover for calculating corporate income tax.
đá bóng trực tiếp turnover to calculate CIT taxable income for goods and services used for exchange (excluding those used to continue đá bóng trực tiếp production and business process of đá bóng trực tiếp enterprise) is determined based on đá bóng trực tiếp sale price of similar or equivalent products, goods, or services on đá bóng trực tiếp market at đá bóng trực tiếp time of exchange.
Where to pay corporate income tax in Vietnam?
According to Clause 1, Article 56 of đá bóng trực tiếpLaw on Tax Administration 2019, enterprises pay corporate income tax into đá bóng trực tiếp state budget at đá bóng trực tiếp following locations:
- At đá bóng trực tiếp State Treasury;
- At đá bóng trực tiếp tax administration authority where đá bóng trực tiếp tax file is submitted;
- Through organizations authorized by đá bóng trực tiếp tax administration authority to collect taxes;
- Through commercial banks, other credit institutions, and service organizations as prescribed by law.
As stipulated in Article 12 ofDecree 218/2013/ND-CP, đá bóng trực tiếp place to pay corporate income tax is regulated as follows:
- Enterprises pay tax at đá bóng trực tiếp locality where their headquarters are located. If an enterprise has a dependent accounting production facility in a province or city that is different from where its headquarters are located, đá bóng trực tiếp tax is calculated and paid both at đá bóng trực tiếp headquarters and at đá bóng trực tiếp location of đá bóng trực tiếp production facility.
đá bóng trực tiếp corporate income tax payable at đá bóng trực tiếp province or centrally-run city where đá bóng trực tiếp dependent accounting production facility is located is determined by multiplying đá bóng trực tiếp enterprise's due tax amount by đá bóng trực tiếp ratio of expenses incurred at đá bóng trực tiếp production facility to đá bóng trực tiếp total expenses of đá bóng trực tiếp enterprise.
This tax payment regulation does not apply to projects, project parts, or construction facilities accounting dependently.
đá bóng trực tiếp allocation, management, and use of turnover from corporate income tax follow đá bóng trực tiếp regulations of đá bóng trực tiếpLuật vtv5 trực tiếp bóng.
- Subsidiary units of businesses accounting for đá bóng trực tiếp entire sector, having income outside primary business activities, pay tax at đá bóng trực tiếp province or centrally-run city where such business activities take place.
