What is xoilac tv trực tiếp bóng đá hôm nay VAT rate in contractor tax for consultancy or training service provision in Vietnam?
What is xoilac tv trực tiếp bóng đá hôm nay VAT rate in contractor tax for consultancy or training service provision in Vietnam?
Based on Clause 2, Article 12 ofCircular 103/2014/TT-BTCguiding xoilac tv trực tiếp bóng đá hôm nay implementation of tax obligations applicable to foreign organizations and individuals doing business in Vietnam or earning income arising in Vietnam as issued by xoilac tv trực tiếp bóng đá hôm nay Minister of Finance, xoilac tv trực tiếp bóng đá hôm nay provisions are as follows:
- Percentage (%) for calculating VAT on revenue:
+ Percentage (%) for calculating VAT on revenue by business sector:
| No | Business Sector | Percentage (%) for calculating VAT |
| 1 | Services, leasing machinery and equipment, insurance; construction, installation without including materials, machinery, equipment | 5 |
| 2 | Manufacturing, transportation, services associated with goods; construction, installation including materials, machinery, equipment | 3 |
| 3 | Other business activities | 2 |
- Determining xoilac tv trực tiếp bóng đá hôm nay percentage (%) for calculating VAT on revenue for specific circumstances:
+ For contractor agreements and subcontractor agreements that include many different business activities or have part of xoilac tv trực tiếp bóng đá hôm nay contract value not subject to VAT, xoilac tv trực tiếp bóng đá hôm nay application of xoilac tv trực tiếp bóng đá hôm nay percentage (%) to calculate VAT on revenue when determining xoilac tv trực tiếp bóng đá hôm nay VAT payable should be based on xoilac tv trực tiếp bóng đá hôm nay VAT taxable revenue of each business activity executed by xoilac tv trực tiếp bóng đá hôm nay foreign contractor or subcontractor as stipulated in xoilac tv trực tiếp bóng đá hôm nay contract. In cases where xoilac tv trực tiếp bóng đá hôm nay value of each business activity cannot be separately identified, xoilac tv trực tiếp bóng đá hôm nay highest applicable VAT percentage for xoilac tv trực tiếp bóng đá hôm nay industry will be used for xoilac tv trực tiếp bóng đá hôm nay entire contract value.
Accordingly,enterprise consulting activities fall under Services, for which xoilac tv trực tiếp bóng đá hôm nay VAT in contractor tax in this case will apply a 5% rate as per regulations.
What is xoilac tv trực tiếp bóng đá hôm nay VAT rate in contractor tax for consultancy or training service provision in Vietnam?(Image from xoilac tv trực tiếp bóng đá hôm nay Internet)
Are non-resident foreigners engaged in business in Vietnam subject to contractor tax?
Based on Clause 1, Article 1 ofCircular 103/2014/TT-BTCguiding xoilac tv trực tiếp bóng đá hôm nay implementation of tax obligations applicable to foreign organizations and individuals doing business in Vietnam or having income arising in Vietnam as issued by xoilac tv trực tiếp bóng đá hôm nay Minister of Finance, xoilac tv trực tiếp bóng đá hôm nay provisions are as follows:
Applicable Subjects
xoilac tv trực tiếp bóng đá hôm nay guidance in this Circular applies to xoilac tv trực tiếp bóng đá hôm nay following subjects (except as stated in Article 2, Chapter I):
1. Foreign organizations conducting business with or without a permanent establishment in Vietnam; foreign individuals engaged in business who are or are not residents of Vietnam (hereinafter collectively referred to as Foreign Contractors, Foreign Subcontractors) conducting business in Vietnam or earning income arising in Vietnam based on a contract, agreement, or commitment between xoilac tv trực tiếp bóng đá hôm nay Foreign Contractor and a Vietnamese organization or individual or between xoilac tv trực tiếp bóng đá hôm nay Foreign Contractor and a Foreign Subcontractor to execute part of xoilac tv trực tiếp bóng đá hôm nay Contractor's contract.
2. Foreign organizations and individuals supplying goods in Vietnam in xoilac tv trực tiếp bóng đá hôm nay form of on-site import and export and having income arising in Vietnam based on contracts signed with Vietnamese enterprises (except for processing and returning goods to foreign organizations and individuals) or performing goods distribution in Vietnam or supplying goods based on delivery conditions of international trade terms - Incoterms where xoilac tv trực tiếp bóng đá hôm nay seller bears risk relating to goods entering Vietnamese territory.
As such, foreign individuals engaged in business, whether they are residents or non-residents of Vietnam, as long as they are doing business in Vietnam or earning income arising in Vietnam as guided, are subject to contractor tax.
What are VAT subjects in contractor tax?
Based on Article 6 ofCircular 103/2014/TT-BTC, xoilac tv trực tiếp bóng đá hôm nay VAT subjects are defined as follows:
- Services or services associated with goods subject to VAT provided by Foreign Contractors, Foreign Subcontractors based on contractor agreements, subcontractor agreements used for production, business, and consumption in Vietnam (except as stipulated in Article 2, Chapter I), including:
+ Services or services associated with goods subject to VAT provided by Foreign Contractors, Foreign Subcontractors in Vietnam and consumed in Vietnam;
+ Services or services associated with goods subject to VAT provided by Foreign Contractors, Foreign Subcontractors outside of Vietnam and consumed in Vietnam.
- In cases where goods are supplied under a contract in xoilac tv trực tiếp bóng đá hôm nay form of: xoilac tv trực tiếp bóng đá hôm nay delivery point located within Vietnamese territory (except as stipulated in Clause 5, Article 2, Chapter I); or xoilac tv trực tiếp bóng đá hôm nay supply of goods accompanied by services conducted in Vietnam, such as installation, trial operation, warranty, maintenance, replacement, and other accompanying services (including cases where services are provided free of charge), even if such services are not included in xoilac tv trực tiếp bóng đá hôm nay contract's total value, xoilac tv trực tiếp bóng đá hôm nay value of goods is only subject to import VAT as regulated, while xoilac tv trực tiếp bóng đá hôm nay value of services is subject to VAT as guided in this Circular. If xoilac tv trực tiếp bóng đá hôm nay contract does not separately identify xoilac tv trực tiếp bóng đá hôm nay value of goods and xoilac tv trực tiếp bóng đá hôm nay associated service value (including free services), VAT is calculated for xoilac tv trực tiếp bóng đá hôm nay entire contract.
Example 9:
Company A in Vietnam signs a contract to purchase a machinery line for a Cement Plant Project with Company B overseas. xoilac tv trực tiếp bóng đá hôm nay total contract value is 100 million USD, including xoilac tv trực tiếp bóng đá hôm nay value of machinery and equipment of 80 million USD (in which there is equipment subject to a 10% VAT rate), and xoilac tv trực tiếp bóng đá hôm nay value of installation guidance services, installation supervision, warranty, maintenance is 20 million USD.
- Determining VAT obligations of Company B concerning xoilac tv trực tiếp bóng đá hôm nay contract value signed with Company A is as follows:
+ VAT is calculated on xoilac tv trực tiếp bóng đá hôm nay service value (20 million USD), not on xoilac tv trực tiếp bóng đá hôm nay value of xoilac tv trực tiếp bóng đá hôm nay machinery line imported.
+ If xoilac tv trực tiếp bóng đá hôm nay contract does not separate xoilac tv trực tiếp bóng đá hôm nay value of xoilac tv trực tiếp bóng đá hôm nay machinery line and xoilac tv trực tiếp bóng đá hôm nay service value, VAT is calculated on xoilac tv trực tiếp bóng đá hôm nay entire contract value (100 million USD).
