Which entities are regulated in vtv5 trực tiếp bóng đá hôm nay Circular 40/2021/TT-BTC in Vietnam?

What does Circular 40/2021/TT-BTC in Vietnam regulate?

According to Article 1 ofCircular 40/2021/TT-BTCon vtv5 trực tiếp bóng đá hôm nay scope of regulation,Thông tư 40/2021/TT-BTCis a Circular guiding value-added tax, personal income tax, and tax management for business households and individual businesses.

Which entities are regulated in vtv5 trực tiếp bóng đá hôm nay Circular 40/2021/TT-BTC in Vietnam?

According to Article 2 ofCircular 40/2021/TT-BTC, vtv5 trực tiếp bóng đá hôm nay subjects of application ofThông tư 40/2021/TT-BTCinclude:

- Business households, individual businesses that are resident individuals engaged in vtv5 trực tiếp bóng đá hôm nay production and business of goods and services in all fields, industries according to vtv5 trực tiếp bóng đá hôm nay provisions of law, including vtv5 trực tiếp bóng đá hôm nay following cases:

+ Practicing independently in fields and industries requiring licenses or practicing certificates according to vtv5 trực tiếp bóng đá hôm nay provisions of law;

+ Acting as agents selling at vtv5 trực tiếp bóng đá hôm nay correct price for lottery agents, insurance agents, multi-level marketing agents who directly sign contracts with enterprises dealing in lottery, insurance, multi-level marketing;

+ Cooperating in business with organizations;

+ Engaging in agriculture, forestry, salt production, aquaculture, fishery activities not meeting vtv5 trực tiếp bóng đá hôm nay conditions for tax exemption under vtv5 trực tiếp bóng đá hôm nay provisions of vtv5 trực tiếp bóng đá hôm nay law on VAT, personal income tax;

+ E-commerce activities, including cases where individuals earn income from digital product and content services according to vtv5 trực tiếp bóng đá hôm nay law on e-commerce.

- Business households, individual businesses engaged in production and business activities at border markets, border gate markets, and markets in border-gate economic zones within vtv5 trực tiếp bóng đá hôm nay territory of Vietnam;

- Individuals leasing out properties;

- Individuals transferring Vietnam's national internet domain name “.vn”;

- Organizations cooperating in business with individuals;

- Organizations, individuals declaring and paying taxes on behalf of individuals;

- Lottery enterprises, insurance enterprises, multi-level marketing enterprises paying income to individuals directly signing contracts acting as agents selling at vtv5 trực tiếp bóng đá hôm nay correct price for lottery, insurance, multi-level marketing;

- Tax authorities, state agencies, other organizations, and individuals involved.

Which entities are regulated in vtv5 trực tiếp bóng đá hôm nay Circular 40/2021/TT-BTC in Vietnam?​ (Image from vtv5 trực tiếp bóng đá hôm nay Internet)

What is meant by business households, individual businesses in Vietnamunder Circular 40/2021/TT-BTC?

Based on Article 3 ofCircular 40/2021/TT-BTC, business households, individual businesses are defined as follows:

- A business household is a production and business establishment registered for establishment by an individual or members of a family and takes responsibility with all their assets for vtv5 trực tiếp bóng đá hôm nay household’s business activities according to Article 79 ofDecree 01/2021/ND-CPregarding business registration and its guiding documents or amendments, supplements, or replacements (if any).

In cases where family members register a business household, they authorize one member to act as vtv5 trực tiếp bóng đá hôm nay representative of vtv5 trực tiếp bóng đá hôm nay business household. vtv5 trực tiếp bóng đá hôm nay individual registering vtv5 trực tiếp bóng đá hôm nay business household, vtv5 trực tiếp bóng đá hôm nay person authorized by vtv5 trực tiếp bóng đá hôm nay family members to act as vtv5 trực tiếp bóng đá hôm nay representative, is vtv5 trực tiếp bóng đá hôm nay head of vtv5 trực tiếp bóng đá hôm nay business household.

Families engaged in agriculture, forestry, fishery, salt production, and those selling street food, snacks, seasonal business, mobile business, low-income service providers do not need to register as a business household, except where they engage in conditional business lines or investment sectors. vtv5 trực tiếp bóng đá hôm nay Provincial People's Committees set vtv5 trực tiếp bóng đá hôm nay low-income threshold applicable within vtv5 trực tiếp bóng đá hôm nay locality.

- Large-scale business households and individual businesses are those with revenue and labor meeting vtv5 trực tiếp bóng đá hôm nay highest criteria for micro-enterprises or above. Specifically:

+ Business households, individual businesses in agriculture, forestry, fishery, and industry, construction sectors with vtv5 trực tiếp bóng đá hôm nay average number of employees participating in social insurance from 10 or more per year or a total revenue of vtv5 trực tiếp bóng đá hôm nay preceding year from 3 billion VND or more;

+ Business households, individual businesses in vtv5 trực tiếp bóng đá hôm nay trade, service sectors with vtv5 trực tiếp bóng đá hôm nay average number of employees participating in social insurance from 10 or more per year or a total revenue of vtv5 trực tiếp bóng đá hôm nay preceding year from 10 billion VND or more.

- Business households, individual businesses paying taxes by declaration method are large-scale business households and individual businesses; business households, individual businesses not meeting large-scale criteria but choosing to pay taxes by declaration method.

vtv5 trực tiếp bóng đá hôm nay declaration method is a method of tax declaration, tax calculation based on vtv5 trực tiếp bóng đá hôm nay actual revenue generated monthly or quarterly.

- Individual businesses paying taxes by arising-time method involve irregular business activities without fixed business locations.

vtv5 trực tiếp bóng đá hôm nay arising-time method is a method of tax declaration, tax calculation based on vtv5 trực tiếp bóng đá hôm nay actual revenue generated each time.

- Business households, individual businesses paying taxes by vtv5 trực tiếp bóng đá hôm nay presumption method are those not implementing or inadequately performing accounting, invoicing, and documentation policies, except for those eligible for vtv5 trực tiếp bóng đá hôm nay declaration method or individual businesses paying taxes by arising-time method.

vtv5 trực tiếp bóng đá hôm nay presumption method is vtv5 trực tiếp bóng đá hôm nay method of tax calculation based on vtv5 trực tiếp bóng đá hôm nay revenue preset by vtv5 trực tiếp bóng đá hôm nay tax authority to calculate vtv5 trực tiếp bóng đá hôm nay presumption tax amount per Article 51 ofTax Administration Law 2019.