When are taxes declared bóng đá hôm nay trực tiếp paid in convertible foreign currencies in Vietnam?

When can taxes be declared bóng đá hôm nay trực tiếp paid in convertible foreign currencies in Vietnam?

Pursuant to Clause 1, Article 4 ofCircular 80/2021/TT-BTCstipulates the cases where tax declaration bóng đá hôm nay trực tiếp payment can be made in convertible foreign currencies include:

- Activities involving the search, exploration, bóng đá hôm nay trực tiếp exploitation of oil bóng đá hôm nay trực tiếp gas (except for crude oil, condensate, bóng đá hôm nay trực tiếp natural gas sold in the Vietnamese market or unless otherwise regulated by the Government of Vietnam), including: resource taxes, corporate income taxes; surcharge on the profit-sharing oil portion when crude oil prices fluctuate; profit oil bóng đá hôm nay trực tiếp gas shared with the host country; signature bonuses; discovery bonuses for commercial oil bóng đá hôm nay trực tiếp gas; production bonuses; reading bóng đá hôm nay trực tiếp usage fees for oil bóng đá hôm nay trực tiếp gas documents; compensation for not fulfilling minimum commitments; corporate income tax on incomes from transferring rights to participate in oil bóng đá hôm nay trực tiếp gas contracts; special taxes, surcharges, bóng đá hôm nay trực tiếp corporate income tax on the residual oil portion of Vietsovpetro Joint Venture’s activities in Block 09.1 are to be declared bóng đá hôm nay trực tiếp paid into the state budget using convertible foreign currencies used in payment transactions.

- Fees, charges, bóng đá hôm nay trực tiếp other collections realized by representative agencies of the Socialist Republic of Vietnam abroad:

These fees bóng đá hôm nay trực tiếp charges are declared bóng đá hôm nay trực tiếp paid into the state budget using convertible foreign currencies as stipulated in documents specifying the collection rates for fees, charges, bóng đá hôm nay trực tiếp other collections.

- Fees bóng đá hôm nay trực tiếp charges collected by authorized agencies bóng đá hôm nay trực tiếp organizations in Vietnam in foreign currencies:

These fees bóng đá hôm nay trực tiếp charges are declared bóng đá hôm nay trực tiếp paid into the state budget using convertible foreign currencies as stipulated in documents specifying the collection rates for fees bóng đá hôm nay trực tiếp charges.

- E-commerce business activities, digital platform-based businesses, bóng đá hôm nay trực tiếp other services provided by foreign suppliers without a permanent establishment in Vietnam:

These are declared bóng đá hôm nay trực tiếp paid into the state budget using convertible foreign currencies.

When are taxes declared bóng đá hôm nay trực tiếp paid in convertible foreign currencies in Vietnam? (Image from Internet)

What is the currency for tax declaration bóng đá hôm nay trực tiếp payment in Vietnam?

The currency for tax declaration bóng đá hôm nay trực tiếp payment is stipulated in Article 7 ofLaw on Tax Administration 2019. Specifically:

(1) The currency for tax declaration bóng đá hôm nay trực tiếp payment is Vietnamese Dong, except in cases where tax declaration bóng đá hôm nay trực tiếp payment are allowed in convertible foreign currencies.

(2) Taxpayers who do accounting in foreign currencies as perLuật đá bóng trực tiếpmust convert these into Vietnamese Dong at the actual transaction exchange rate at the time the transaction arises.

(3) For export bóng đá hôm nay trực tiếp import goods, the currency for tax payment is Vietnamese Dong, except in cases where tax declaration bóng đá hôm nay trực tiếp payment are allowed in convertible foreign currencies.

The exchange rate for tax calculation complies with customs laws.

(4) The Minister of Finance prescribes the currency for tax declaration bóng đá hôm nay trực tiếp payment in convertible foreign currencies as stipulated in Clauses 1 bóng đá hôm nay trực tiếp 3, bóng đá hôm nay trực tiếp the actual transaction exchange rate as stipulated in Clause 2 of Article 7 ofLaw on Tax Administration 2019.

What are the principles for tax declaration bóng đá hôm nay trực tiếp tax calculation in Vietnam?

The principles for tax declaration bóng đá hôm nay trực tiếp tax calculation are stipulated in Article 42 ofLaw on Tax Administration 2019as follows:

- Taxpayers must declare accurately, honestly, bóng đá hôm nay trực tiếp fully the contents in the tax declaration forms as specified by the Minister of Finance bóng đá hôm nay trực tiếp submit all required certificates bóng đá hôm nay trực tiếp documents in the tax declaration dossiers to the tax administration agency.

- Taxpayers self-calculate the amount of tax payable, except in cases where tax calculation is done by the tax administration agency as regulated by the Government of Vietnam.

- Taxpayers perform tax declaration bóng đá hôm nay trực tiếp calculation at the local tax authorities where their head offices are located. In cases where taxpayers centralize accounting at the head office bóng đá hôm nay trực tiếp have dependent units in other provincial administrative units, they declare taxes at the head office bóng đá hôm nay trực tiếp calculate bóng đá hôm nay trực tiếp allocate tax obligations payable to each local area entitled to the state budget revenue. The Minister of Finance details Clause 3, Article 42 ofLaw on Tax Administration 2019.

- For e-commerce business activities, digital platform-based businesses, bóng đá hôm nay trực tiếp other services performed by foreign suppliers without a permanent establishment in Vietnam, such foreign suppliers are obliged to directly or authorize the performance of taxpayer registration, tax declaration, bóng đá hôm nay trực tiếp tax payment in Vietnam as regulated by the Minister of Finance.

- The principles for declaring bóng đá hôm nay trực tiếp determining tax calculation prices for related-party transactions are stipulated as follows:

+ Declare bóng đá hôm nay trực tiếp determine the prices of related-party transactions based on the principle of analyzing bóng đá hôm nay trực tiếp comparing with independent transactions bóng đá hôm nay trực tiếp the principle of the substance over form to determine the tax obligation as in the conditions of transactions between independent parties;

+ Adjust the prices of related-party transactions based on independent transactions to declare bóng đá hôm nay trực tiếp determine the amount of tax payable without reducing taxable income;

+ Small-scale taxpayers with low tax risks are exempted from complying with points a bóng đá hôm nay trực tiếp b, Clause 5, Article 42 ofLaw on Tax Administration 2019bóng đá hôm nay trực tiếp are allowed to apply simplified mechanisms in declaring bóng đá hôm nay trực tiếp determining the prices of related-party transactions.

- The principles for tax declaration under the advance pricing agreement mechanism are stipulated as follows:

+ The application of the advance pricing agreement mechanism is based on the taxpayer's proposal bóng đá hôm nay trực tiếp the agreement between the tax authority bóng đá hôm nay trực tiếp the taxpayer under unilateral, bilateral, bóng đá hôm nay trực tiếp multilateral agreements involving the tax authorities, taxpayers, bóng đá hôm nay trực tiếp related foreign tax authorities bóng đá hôm nay trực tiếp territories;

+ The application of the advance pricing agreement mechanism must be based on the taxpayer's information bóng đá hôm nay trực tiếp verifiable commercial databases ensuring legal validity;

+ The application of the advance pricing agreement mechanism must be approved by the Minister of Finance before implementation; for bilateral bóng đá hôm nay trực tiếp multilateral agreements involving foreign tax authorities, it is implemented in accordance with the laws on international treaties bóng đá hôm nay trực tiếp international agreements.