Which account is used for output VAT ccounting in Vietnam? When is xoilac tv trực tiếp bóng đá hôm nay VAT invoice used in Vietnam?
Which account is used for output VAT ccounting in Vietnam?
According to Clause 3, Article 52 ofCircular 200/2014/TT-BTC, xoilac tv trực tiếp bóng đá hôm nay accounting is specified as follows:
- Output VAT Accounting (Account 33311)
+ Output VAT accounting for payment under xoilac tv trực tiếp bóng đá hôm nay deduction method:
When issuing VAT invoices under xoilac tv trực tiếp bóng đá hôm nay deduction method and xoilac tv trực tiếp bóng đá hôm nay enterprise pays VAT based on xoilac tv trực tiếp bóng đá hôm nay deduction method, accounting reflects revenue and income at pre-VAT sales prices, and xoilac tv trực tiếp bóng đá hôm nay VAT payable is separately recorded at xoilac tv trực tiếp bóng đá hôm nay time of invoice issuance, as follows:
Debit to Accounts 111, 112, 131 (total payment amount)
Credit to Accounts 511, 515, 711 (pre-VAT prices)
Credit to Account 3331 – VAT payable (33311).
+ Output VAT accounting for payment under xoilac tv trực tiếp bóng đá hôm nay direct method:
Accounting can choose one of xoilac tv trực tiếp bóng đá hôm nay following two ledger methods:
Method 1: Separate xoilac tv trực tiếp bóng đá hôm nay VAT payable immediately upon invoice issuance, execute as outlined in point a above.
Method 2: Record revenue including VAT payable under xoilac tv trực tiếp bóng đá hôm nay direct method. Periodically, when determining xoilac tv trực tiếp bóng đá hôm nay VAT payable, accounting records xoilac tv trực tiếp bóng đá hôm nay reduction in revenue and corresponding income:
Debit to Accounts 511, 515, 711
Credit to Account 3331 – VAT payable (33311).
+ When paying VAT to xoilac tv trực tiếp bóng đá hôm nay State Budget, record:
Debit to Account 3331 – VAT payable
Credit to Accounts 111, 112.
Thus, output VAT accounting is Account 33311.
Which account is used for output VAT ccounting in Vietnam?When is xoilac tv trực tiếp bóng đá hôm nay VAT invoice used in Vietnam? (Image from xoilac tv trực tiếp bóng đá hôm nay Internet)
When is xoilac tv trực tiếp bóng đá hôm nay VAT invoice used in Vietnam?
Article 8 ofDecree 123/2020/ND-CPprovides regulations on invoice types as follows:
Invoice Types
Invoices stipulated in this Decree include xoilac tv trực tiếp bóng đá hôm nay following types:
1. VAT invoices are reserved for organizations declaring VAT by xoilac tv trực tiếp bóng đá hôm nay deduction method for activities involving:
a) Sale of goods, provision of services domestically;
b) International transportation activities;
c) Exporting to non-tariff zones and cases considered as export;
d) Export of goods, provision of services abroad.
2. Sales invoices are intended for xoilac tv trực tiếp bóng đá hôm nay following organizations and individuals:
a) Organizations and individuals declare and calculate VAT by xoilac tv trực tiếp bóng đá hôm nay direct method for activities involving:
- Sale of goods, provision of services domestically;
- International transportation activities;
- Exporting to non-tariff zones and cases considered as export;
- Export of goods, provision of services abroad.
b) Organizations and individuals in non-tariff zones when selling goods, providing services domestically and when transacting between organizations and individuals in non-tariff zones, exporting goods, providing services abroad, must specify "For organizations and individuals in non-tariff zones" on xoilac tv trực tiếp bóng đá hôm nay invoice.
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Thus, electronic invoices are used when organizations declare VAT by xoilac tv trực tiếp bóng đá hôm nay deduction method for:
- Sale of goods, provision of services domestically;
- International transportation activities;
- Exports to non-tariff zones and cases considered as exports;
- Exportation of goods and provision of services abroad.
What is xoilac tv trực tiếp bóng đá hôm nay content of xoilac tv trực tiếp bóng đá hôm nay Accounting for output VAT - Account 33311in Vietnam?
According to Clause 3, Article 52 ofCircular 200/2014/TT-BTC, xoilac tv trực tiếp bóng đá hôm nay accounting is specified as follows:
- Import VAT Accounting (Account 33312)
+ When importing materials, goods, fixed assets, accounting reflects xoilac tv trực tiếp bóng đá hôm nay payable import tax, xoilac tv trực tiếp bóng đá hôm nay total payment amount, and xoilac tv trực tiếp bóng đá hôm nay value of imported materials, goods, and fixed assets (excluding import VAT), record:
Debit to Accounts 152, 153, 156, 211, 611,...
Credit to Account 333 – Taxes and amounts payable to xoilac tv trực tiếp bóng đá hôm nay State (3333)
Credit to Accounts 111, 112, 331,...
+ Reflect xoilac tv trực tiếp bóng đá hôm nay payable import VAT:
If xoilac tv trực tiếp bóng đá hôm nay import VAT payable is deductible, record:
Debit to Account 133 – Deductible VAT
Credit to Account 3331 – VAT payable (33312).
If xoilac tv trực tiếp bóng đá hôm nay payable import VAT is non-deductible, it must be included in xoilac tv trực tiếp bóng đá hôm nay value of imported materials, goods, fixed assets, record:
Debit to Accounts 152, 153, 156, 211, 611,...
Credit to Account 3331 – VAT payable (33312).
+ When actually paying import VAT to xoilac tv trực tiếp bóng đá hôm nay State Budget, record:
Debit to Account 3331 – VAT payable (33312)
Credit to Accounts 111, 112,...
+ In xoilac tv trực tiếp bóng đá hôm nay case of entrusted import (applicable to xoilac tv trực tiếp bóng đá hôm nay entrusting party)
Upon receiving notification of xoilac tv trực tiếp bóng đá hôm nay import VAT payment obligation from xoilac tv trực tiếp bóng đá hôm nay entrusted party, xoilac tv trực tiếp bóng đá hôm nay entrusting party records xoilac tv trực tiếp bóng đá hôm nay deductible import VAT payable, record:
Debit to Account 133 – Deductible VAT
Credit to Account 3331 – VAT payable (33312).
When receiving documents of tax payment to xoilac tv trực tiếp bóng đá hôm nay State Budget from xoilac tv trực tiếp bóng đá hôm nay entrusted party, xoilac tv trực tiếp bóng đá hôm nay entrusting party reflects xoilac tv trực tiếp bóng đá hôm nay reduction in xoilac tv trực tiếp bóng đá hôm nay obligation to xoilac tv trực tiếp bóng đá hôm nay State Budget concerning import VAT, record:
Debit to Account 3331 – VAT payable (33312)
Credit to Accounts 111, 112 (if payment is made to xoilac tv trực tiếp bóng đá hôm nay entrusted party immediately)
Credit to Account 3388 – Other payables (if xoilac tv trực tiếp bóng đá hôm nay import VAT has not been paid to xoilac tv trực tiếp bóng đá hôm nay entrusted party)
Credit to Account 138 – Other receivables (reduce xoilac tv trực tiếp bóng đá hôm nay amount advanced to xoilac tv trực tiếp bóng đá hôm nay entrusted party for paying import VAT)
xoilac tv trực tiếp bóng đá hôm nay entrusted party does not reflect xoilac tv trực tiếp bóng đá hôm nay payable import VAT like xoilac tv trực tiếp bóng đá hôm nay entrusting party but only records xoilac tv trực tiếp bóng đá hôm nay amount paid on behalf of xoilac tv trực tiếp bóng đá hôm nay entrusting party, record:
Debit to Account 138 – Other receivables (to recover xoilac tv trực tiếp bóng đá hôm nay amount paid on behalf)
Debit to Account 3388 – Other payables (deduct from xoilac tv trực tiếp bóng đá hôm nay amount received from xoilac tv trực tiếp bóng đá hôm nay entrusting party)
Credit to Accounts 111, 112.
Deductible VAT Accounting
Periodically, accounting calculates and determines xoilac tv trực tiếp bóng đá hôm nay deductible VAT against xoilac tv trực tiếp bóng đá hôm nay output VAT payable during xoilac tv trực tiếp bóng đá hôm nay period, record:
Debit to Account 3331 – VAT payable (33311)
Credit to Account 133 – Deductible VAT.
If at xoilac tv trực tiếp bóng đá hôm nay time a transaction occurs, it is not clear whether xoilac tv trực tiếp bóng đá hôm nay input VAT for goods or services is deductible, accounting records xoilac tv trực tiếp bóng đá hôm nay total input VAT on Account 133. Periodically, when determining non-deductible VAT with output VAT, accounting reflects it in xoilac tv trực tiếp bóng đá hôm nay related costs, record:
Debit to Account 632 – Cost of Goods Sold (non-deductible input VAT for sold inventory)
Debit to Accounts 641, 642 (non-deductible input VAT for selling and administrative expenses)
Credit to Account 133 – Deductible VAT.
Reduced Payable VAT Accounting
If xoilac tv trực tiếp bóng đá hôm nay enterprise is granted a reduction in payable VAT, accounting records xoilac tv trực tiếp bóng đá hôm nay reduced VAT into other income, record:
Debit to Account 33311 – VAT payable (if subtracted from xoilac tv trực tiếp bóng đá hôm nay payable tax)
Debit to Accounts 111, 112 – If xoilac tv trực tiếp bóng đá hôm nay reduction is received in cash
Credit to Account 711 – Other income.
Refundable Input VAT Accounting
If xoilac tv trực tiếp bóng đá hôm nay enterprise receives a VAT refund according to xoilac tv trực tiếp bóng đá hôm nay law due to input VAT exceeding output VAT, record:
Debit to Accounts 111, 112
Credit to Account 133 – Deductible VAT.
Thus,xoilac tv trực tiếp bóng đá hôm nay Accounting for output VAT - Account 33311 reflects xoilac tv trực tiếp bóng đá hôm nay payable import tax, xoilac tv trực tiếp bóng đá hôm nay total payment amount, and xoilac tv trực tiếp bóng đá hôm nay value of imported materials, goods, and fixed assets (excluding import VAT).
