trực tiếp bóng đá k+What VAT rate applies to water for daily life in Vietnam from July 1, 2025?
What VAT rate applies to water for daily life in Vietnamfrom July 1, 2025?
According to Clause 2, Article 9 of theLaw on Value-Added Tax 2024is prescribed as follows:
Tax Rate
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2. The tax rate of 5% applies to the following goods trực tiếp bóng đá k+ services:
a) Clean water for production trực tiếp bóng đá k+ daily life, excluding bottled, canned drinking water trực tiếp bóng đá k+ other types of beverages;
b) Fertilizers, ores for fertilizer production, pesticides, trực tiếp bóng đá k+ livestock growth stimulants as prescribed by law;
c) Services of dredging, digging channels, ditches, ponds for agricultural production; cultivation, care, pest control for crops; preliminary processing, preservation of agricultural products;
d) Products from crops, planted forests (except wood, bamboo shoots), livestock, aquaculture, trực tiếp bóng đá k+ caught fish not yet processed into other products or only undergone ordinary preliminary processing, except products specified in Clause 1, Article 5 of this Law;
dd) Natural rubber in the form of crepe rubber, sheet rubber, latex, rubber crumbs; nets, netting lines, trực tiếp bóng đá k+ fibers for weaving fishing nets;
e) Products made from jute, rush, bamboo, rattan, leaves, straw, coconut shells, water hyacinth, trực tiếp bóng đá k+ other handicraft products made from agricultural waste; cotton fiber that has been carded, well-carded; newsprint;
g) Equipment for fishing in the sea; specialized machinery trực tiếp bóng đá k+ equipment for agricultural production as prescribed by the Government of Vietnam;
h) Medical equipment as prescribed by law on medical equipment management; preventive medicine, curative medicine; medicinal substances, trực tiếp bóng đá k+ herbs that are raw materials for producing preventive trực tiếp bóng đá k+ curative medicines;
i) Equipment for teaching trực tiếp bóng đá k+ learning, including models, drawings, boards, chalk, rulers, compasses;
k) Activities of traditional trực tiếp bóng đá k+ folk performing arts;
l) Toys for children; books of all kinds, except books specified in Clause 15, Article 5 of this Law;
m) Scientific trực tiếp bóng đá k+ technological services as prescribed by the Law on Science trực tiếp bóng đá k+ Technology;
n) Sale, lease, lease-purchase of social housing as prescribed by the Housing Law.
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According to these regulations,if water for daily life does not include bottled, canned drinking water trực tiếp bóng đá k+ other types of beverages, it will be subject to a 5% VAT rate starting July 1, 2025.
What VAT rate applies to water for daily life in Vietnam from July 1, 2025?(Image from Internet)
Which entity is a taxpayer in Vietnam according to the Law on Value-Added Tax 2024?
According to Article 4 of theLaw on Value-Added Tax 2024, taxpayers are specified as follows:
(1) Organizations, households, trực tiếp bóng đá k+ individuals producing trực tiếp bóng đá k+ trading goods trực tiếp bóng đá k+ services subject to value-added tax (hereinafter referred to as business establishments).
(2) Organizations trực tiếp bóng đá k+ individuals importing goods subject to value-added tax (hereinafter referred to as importers).
(3) Organizations trực tiếp bóng đá k+ individuals producing trực tiếp bóng đá k+ trading in Vietnam that purchase services (including services associated with goods) from foreign organizations without a permanent establishment in Vietnam trực tiếp bóng đá k+ individuals abroad who are non-residents in Vietnam, except as specified in (4) trực tiếp bóng đá k+ (5); organizations producing trực tiếp bóng đá k+ trading in Vietnam that purchase goods trực tiếp bóng đá k+ services for conducting exploration, exploitation, trực tiếp bóng đá k+ development of oil trực tiếp bóng đá k+ gas fields from foreign organizations without a permanent establishment in Vietnam trực tiếp bóng đá k+ individuals abroad who are non-residents in Vietnam.
(4) Foreign suppliers without a permanent establishment in Vietnam engaged in e-commerce business, business based on digital platforms with organizations trực tiếp bóng đá k+ individuals in Vietnam (hereinafter referred to as foreign suppliers); organizations that are managers of foreign digital platforms are required to withhold trực tiếp bóng đá k+ pay the tax obligations of the foreign suppliers; business organizations in Vietnam applying the tax deduction method for value-added tax purchasing services from foreign suppliers without a permanent establishment in Vietnam through e-commerce or digital platforms are required to withhold trực tiếp bóng đá k+ pay the tax obligations of the foreign suppliers.
(5) Organizations that are managers of e-commerce platforms or digital platform managers with payment functions must withhold, remit tax on behalf of, trực tiếp bóng đá k+ file tax declarations for the withholding tax amount for business households trực tiếp bóng đá k+ individuals on e-commerce platforms trực tiếp bóng đá k+ digital platforms.
The Government of Vietnam prescribes details for (1), (4), (5); prescribes taxpayers in cases where foreign suppliers provide services to buyers who are business organizations in Vietnam applying the tax deduction method as specified in (4).
The Law on Value-Added Tax 2024 takes effect on July 1, 2025, except for cases regarding revenue thresholds for individuals trực tiếp bóng đá k+ households involved in production trực tiếp bóng đá k+ business not subject to tax at Clause 25, Article 5 of theLaw on Value-Added Tax 2024trực tiếp bóng đá k+ Article 17 of theLaw on Value-Added Tax 2024, which take effect on January 1, 2026.
What are prohibited actsin tax deduction trực tiếp bóng đá k+ refundin Vietnam from July 1, 2025?
According to Article 13 of theLaw on Value-Added Tax 2024, the following acts are prohibited in tax deduction trực tiếp bóng đá k+ refund:
- Buying, giving, selling, organizing advertising, brokering the buying trực tiếp bóng đá k+ selling of invoices.
- Creating transactions for the purchase trực tiếp bóng đá k+ sale of goods, trực tiếp bóng đá k+ provision of services that do not exist or are contrary to the law.
- Making invoices for selling goods or providing services during business suspension, except for issuing invoices to customers for contracts signed before the business suspension notice.
- Using illegal invoices trực tiếp bóng đá k+ documents, unauthorized use of invoices trực tiếp bóng đá k+ documents as prescribed by the Government of Vietnam.
- Failing to transfer electronic invoice data to tax authorities as prescribed.
- Tampering with, misusing, unauthorized accessing, or destroying information systems related to invoices trực tiếp bóng đá k+ documents.
- Giving, accepting, mediating bribes, or engaging in other acts related to invoices trực tiếp bóng đá k+ documents to obtain tax deduction, tax refund, tax appropriation, or evasion of value-added tax.
- Colluding, covering; collusion between tax administration officials, tax authorities, business establishments, importers, trực tiếp bóng đá k+ between business establishments trực tiếp bóng đá k+ importers in the use of illegal invoices trực tiếp bóng đá k+ documents, unauthorized use of invoices trực tiếp bóng đá k+ documents to obtain tax deduction, tax refund, tax appropriation, trực tiếp bóng đá k+ evading value-added tax.
TheLaw on Value-Added Tax 2024was passed by the National Assembly trực tiếp bóng đá k+ becomes effective from July 1, 2025, except for cases regarding revenue thresholds for individuals trực tiếp bóng đá k+ households involved in production trực tiếp bóng đá k+ business not subject to tax at Clause 25, Article 5 of theLaw on Value-Added Tax 2024trực tiếp bóng đá k+ Article 17 of theLaw on Value-Added Tax 2024, which take effect on January 1, 2026.
