When is lịch trực tiếp bóng đá hôm nay time for determining VAT in Vietnam according to lịch trực tiếp bóng đá hôm nay Law on Value-Added Tax 2024?

When is lịch trực tiếp bóng đá hôm nay time for determining VAT in Vietnam according to lịch trực tiếp bóng đá hôm nay Law on Value-Added Tax 2024?

Based on Article 8 of lịch trực tiếp bóng đá hôm nayLaw on Value-Added Tax 2024(effective from July 1, 2025), specific provisions on lịch trực tiếp bóng đá hôm nay determination of VAT are as follows:

[1]lịch trực tiếp bóng đá hôm nay time for determining value-added tax is specified as follows:

- For goods, it is lịch trực tiếp bóng đá hôm nay time of transfer of ownership or right to use lịch trực tiếp bóng đá hôm nay goods to lịch trực tiếp bóng đá hôm nay buyer or lịch trực tiếp bóng đá hôm nay time of issuing lịch trực tiếp bóng đá hôm nay invoice, regardless of whether payment has been received or not;

- For services, it is lịch trực tiếp bóng đá hôm nay time of completion of service provision or lịch trực tiếp bóng đá hôm nay time of issuing lịch trực tiếp bóng đá hôm nay service invoice, regardless of whether payment has been received or not.

[2]lịch trực tiếp bóng đá hôm nay time for determining VAT for lịch trực tiếp bóng đá hôm nay following goods and services shall be prescribed by lịch trực tiếp bóng đá hôm nay Government of Vietnam:

- Exported goods, imported goods;

- Telecommunications services;

- Insurance business services;

- Electricity supply, electricity production, clean water activities;

- Real estate business activities;

- Construction, installation, and petroleum activities.

When is lịch trực tiếp bóng đá hôm nay time for determining VAT in Vietnamaccording to theLaw on Value-Added Tax2024? (Image from lịch trực tiếp bóng đá hôm nay Internet)

What are regulations onthe taxable value for VAT in Vietnam?

Based on Article 7 of lịch trực tiếp bóng đá hôm nayLaw on Value-Added Tax 2024, specific provisions on taxable value for VAT are as follows:

[1]lịch trực tiếp bóng đá hôm nay taxable value is specified as follows:

- For goods, services sold by lịch trực tiếp bóng đá hôm nay business establishment, it is lịch trực tiếp bóng đá hôm nay selling price excluding VAT; for goods, services subject to special consumption tax, it is lịch trực tiếp bóng đá hôm nay selling price including special consumption tax but excluding VAT; for goods subject to environmental protection tax, it is lịch trực tiếp bóng đá hôm nay selling price including environmental protection tax but excluding VAT; for goods subject to both special consumption tax and environmental protection tax, it is lịch trực tiếp bóng đá hôm nay selling price including both taxes but excluding VAT;

- For imported goods, it is lịch trực tiếp bóng đá hôm nay import tax calculation value according to lịch trực tiếp bóng đá hôm nay export and import tax law, plus import tax, and any supplemental import tax (if any), plus special consumption tax (if any), and plus environmental protection tax (if any);

- For goods, services used for exchange, internal consumption, gifting, donation, it is lịch trực tiếp bóng đá hôm nay taxable value of similar or equivalent goods, services at lịch trực tiếp bóng đá hôm nay time of these activities. For promotional goods, services according to lịch trực tiếp bóng đá hôm nay law on commerce, lịch trực tiếp bóng đá hôm nay taxable value is set to zero (0);

- For asset leasing activities, it is lịch trực tiếp bóng đá hôm nay rental fee excluding VAT. If leasing payments are made periodically or in advance, lịch trực tiếp bóng đá hôm nay taxable value is lịch trực tiếp bóng đá hôm nay periodic or prepaid rental fee excluding VAT;

- For goods sold through installment, deferred payment, it is lịch trực tiếp bóng đá hôm nay value calculated at lịch trực tiếp bóng đá hôm nay one-time payment price excluding VAT, not including installment or deferred interest;

- For processing goods, it is lịch trực tiếp bóng đá hôm nay processing fee excluding VAT;

- For construction, installation activities, it is lịch trực tiếp bóng đá hôm nay value of lịch trực tiếp bóng đá hôm nay project, work item, or part handed over excluding VAT. If construction, installation does not include materials, machinery, equipment, lịch trực tiếp bóng đá hôm nay taxable value does not include lịch trực tiếp bóng đá hôm nay value of materials and machinery, equipment;

- For real estate business activities, it is lịch trực tiếp bóng đá hôm nay selling price of real estate excluding VAT, deducted by land levy or land rent paid to lịch trực tiếp bóng đá hôm nay state budget (deducted land price). lịch trực tiếp bóng đá hôm nay Government of Vietnam prescribes lịch trực tiếp bóng đá hôm nay determination of deducted land price as per lịch trực tiếp bóng đá hôm nay land law;

- For agency, brokering in sales of goods and services for commission, it is lịch trực tiếp bóng đá hôm nay commission received excluding VAT;

- For goods, services using invoices that record lịch trực tiếp bóng đá hôm nay payment price including VAT, lịch trực tiếp bóng đá hôm nay taxable value is determined by lịch trực tiếp bóng đá hôm nay following formula:

- For casino operation services, rewarded electronic gaming services, betting, it is lịch trực tiếp bóng đá hôm nay money earned from these activities minus lịch trực tiếp bóng đá hôm nay amount exchanged back for unused customer and lịch trực tiếp bóng đá hôm nay winnings paid to customers (if any), which includes special consumption tax, excluding VAT;

- For various production, business activities such as electricity production by Vietnam Electricity Group; transportation, loading; travel services in lịch trực tiếp bóng đá hôm nay form of tours; pawn services; books subject to VAT sold at published price (cover price); printing activities; agency inspecting, agency claiming compensation, agency claiming recompensation for third party, and agency handling 100% compensation with commission or service fees are taxable excluding VAT. lịch trực tiếp bóng đá hôm nay Government of Vietnam prescribes lịch trực tiếp bóng đá hôm nay taxable value for these production, business activities.

[2]lịch trực tiếp bóng đá hôm nay taxable value for goods, services as specified in Clause 1 Article 7 of lịch trực tiếp bóng đá hôm nayLaw on Value-Added Tax 2024includes all surcharges and additional fees that lịch trực tiếp bóng đá hôm nay business establishment is entitled to.

Which entities arevalue-added taxpayers in Vietnam?

Based on Article 4 of lịch trực tiếp bóng đá hôm nayLaw on Value-Added Tax 2024, specific provisions on VAT taxpayers are as follows:

- Organizations, households, individuals producing, trading goods, services subject to VAT (hereinafter referred to as business establishments).

- Organizations, individuals importing goods subject to VAT (hereinafter referred to as importers).

- Organizations, individuals operating in Vietnam purchasing services (including services associated with goods) from foreign organizations without a permanent establishment in Vietnam, individuals abroad not residing in Vietnam, except as provided in Clauses 4 and 5 Article 4 of lịch trực tiếp bóng đá hôm nayLaw on Value-Added Tax 2024; organizations operating in Vietnam purchasing goods, services for exploration, development, exploitation activities in petroleum of foreign organizations without a permanent establishment in Vietnam, individuals abroad not residing in Vietnam.

- Foreign providers without a permanent establishment in Vietnam conducting e-commerce, digital platform transactions with organizations, individuals in Vietnam (hereinafter referred to as foreign providers); organizations managing foreign digital platforms deducting, paying taxes on behalf of foreign providers; organizations operating in Vietnam applying lịch trực tiếp bóng đá hôm nay VAT credit method buying services from foreign providers without a permanent establishment in Vietnam through e-commerce or digital platforms applying tax withholding, paying on behalf of foreign providers.

- Organizations managing e-commerce platforms, digital platforms with payment functions executing tax deductions, payments on behalf of and declaring deducted tax for business households, individuals trading on e-commerce platforms, digital platforms.