Royal Vietnam would like to summarize new documents in the past week:
* Bill
Official dispatch 4415/CTLAN-TTHT of the Tax Department of Long An province on contractor tax policy and return invoices for imported goods. Issued on October 4, 2024:
– In case the company declares VAT using the deduction method, imports raw materials of poor quality and returns the goods, it must prepare a VAT invoice and carry out export procedures with the Customs according to Article 8 of Decree 123. /2020/ND-CP.
– If the company purchases raw materials from abroad and the delivery point is in Vietnam, the foreign organization applies Circular 103/2014/TT-BTC, with VAT and CIT complying with Article 6, Article 12 and Article 12. 7, Article 13 of this Circular.
Official dispatch 4862/CTCTH-TTHT of the Tax Department of Can Tho province on preventing and handling the situation of selling invoices on cyberspace. Issued on October 29, 2024
– Using illegal invoices is strictly prohibited, fines range from 20 – 50 million VND, and can be criminally prosecuted according to Article 200 of the Penal Code 100/2015/QH13 for tax evasion.
– The seller must create an electronic invoice and is responsible for its legality. Buyer provides accurate information for invoicing.
Official dispatch 3644/CTTGI-TTHT of the Tax Department of Tien Giang province on additional declaration when the buyer returns the goods. Issued on November 4, 2024
– The company that adjusts erroneous invoices must make additional declarations for each tax file according to Article 19 of Decree 123/2020/ND-CP and Article 47 of the Law on Tax Administration 38/2019/QH14.
Official dispatch 5010/CTCTH-TTHT of the Tax Department of Can Tho province on issuing invoices for donated goods. Issued on November 7, 2024
– When expenses arise for advertising or giving as gifts, invoices must be issued and VAT declared according to Article 4 of Decree 123/ND-CP.
Official dispatch 4991/TCT-CS of the General Department of Taxation on tax policy on sales discounts and trade discounts. Issued on November 5, 2024
– In case price reductions and sales discounts are made according to the contract, the Company issues adjustment invoices and declares sales revenue, ensuring legality and complete documentation.
* Personal income tax
Official dispatch 8315/CTDAN-TTHT of the Da Nang City Tax Department providing guidance on personal income tax from winning prizes and welfare payments to employees. Issued on October 28, 2024
– Income from winning prizes exceeding 10 million VND is subject to personal income tax and is deducted before prize payment. Welfare expenses are deductible when determining income subject to corporate income tax if they meet the conditions in Circular 78/2014/TT-BTC.
Official dispatch 4982/TCT-DNNCN
of the General Department of Taxation on personal income tax policy for part-time remuneration of members of the Board of Directors at other enterprises. Issued on November 4, 2024
– Organizations and individuals paying income are responsible for declaring and deducting personal income tax from part-time remuneration of members of the Board of Directors at other enterprises before paying income.
Official dispatch 7144/CTBTH-TTHT
of the Tax Department of Binh Thuan province on tax declaration for interest payments to foreign individuals residing and working abroad. Issued on November 5, 2024
– Interest from loans to foreigners is subject to personal income tax from investment. The company must declare and deduct personal income tax for this non-resident individual.
* Instructions for declaring and paying taxes
Official dispatch 8478/CTNDI-HKDCN
of Nam Dinh Provincial Tax Department on tax management for business households and individuals in 2025. Issued on November 1, 2024
– License fee: revenue over 500 million VND/year: 1 million VND, 300-500 million VND: 500,000 VND, 100-300 million VND: 300,000 VND.
– Instructions on tax declaration and payment according to the flat method and declaration for business households.
* Value added tax
Official dispatch 2815/CTHNA-TTHT
of Ha Nam Provincial Tax Department on value added tax rates for service provision. Issued on November 4, 2024
– Services at bonded warehouses provided to export processing enterprises are subject to 0% VAT.
– International shipping services apply 0% VAT, domestic shipping services apply 10% VAT.
Official dispatch 2521/CTVPH-TTHT
of Vinh Phuc Provincial Tax Department on value added tax and corporate income policies for dependent accounting branches. Issued on November 5, 2024
– Dependent accounting branches use invoices to register with the tax authority directly and declare VAT independently. VAT refund according to Circular 25/2018/TT-BTC, the remaining tax amount deducted is not consolidated with the parent company.
* Corporate income tax
Official dispatch 4632/CTLAN-TTHT of the Tax Department of Long An province on temporary payment of quarterly corporate income tax. Issued on October 18, 2024
– The company temporarily pays corporate income tax quarterly, no later than the 30th day of the first month of the following quarter, and determines the amount of temporarily paid tax, including allocation to dependent units, business locations or real estate in the area. other.
