Vietnam: What is the Form 01/NCCNN- Application for taxpayer registration by overseas suppliers?

Vietnam: What is the Form 01/NCCNN- Application for taxpayer registration by overseas suppliers?

The application for taxpayer registration form by overseas suppliers is Form 01/NCCNN specified in Appendix 1 issued with Circular 80/2021/TT-BTC. To be specific:

Download Form 01/NCCNN application for taxpayer registration by overseas suppliers: Here

Vietnam: What is the Form 01/NCCNN- Application for taxpayer registration by overseas suppliers? (Image from the Internet)

What does the application for first-time taxpayer registration by overseas suppliers include?

Pursuant to Article 76 of Circular 80/2021/TT-BTC stipulates as follows:

Direct taxpayer registration of overseas suppliers

1. Application for first-time taxpayer registration:

overseas suppliers shall directly register for taxpayer registration using Form 01/NCCNN issued with Appendix I of this Circular on the General Department of Taxation's electronic information portal.

2. Dossier for changing taxpayer registration information:

overseas suppliers shall submit a dossier for changing taxpayer registration information using Form 01-1/NCCNN issued with Appendix I of this Circular to the tax authority directly managing them through the General Department of Taxation's electronic information portal.

3. overseas suppliers shall use the electronic transaction authentication code issued by the tax authority through the General Department of Taxation's electronic information portal to authenticate when registering for taxpayer registration.

Thus, the application for first-time taxpayer registration by overseas suppliers includes the application for taxpayer registration form for foreign contractors, Form 01/NCCNN issued with Circular 80/2021/TT-BTC.

How do overseas suppliers declare taxes in Vietnam?

According to Clause 1, Article 77 of Circular 80/2021/TT-BTC, overseas suppliers shall file taxes directly on the General Department of Taxation's electronic information portal, using the electronic transaction authentication code issued by the tax authority through the General Department of Taxation's electronic information portal and send the electronic tax declaration dossier to the directly managing tax authority, as follows:

- Tax filing by overseas suppliers is conducted quarterly.

- Electronic tax declaration using Form 02/NCCNN issued with Appendix 1 of Circular 80/2021/TT-BTC.

- overseas suppliers shall pay value-added tax, corporate income tax according to the revenue-based calculation method.

+ The revenue for calculating value-added tax is the revenue received by the foreign supplier.

+ The revenue for calculating corporate income tax is the revenue received by the foreign supplier.

- The percentage for calculating value-added tax on revenue as per Point b, Clause 2, Article 8 of Decree 209/2013/ND-CP.

- The percentage for calculating corporate income tax on revenue as per Clause 3, Article 11 of Decree 218/2013/ND-CP.

What are the principles for determining revenue arising in Vietnam for tax declaration and calculation by overseas suppliers?

Clause 3, Article 77 of Circular 80/2021/TT-BTC stipulates the principles for determining revenue arising in Vietnam for tax declaration and calculation by overseas suppliers as follows:

- The types of information used to determine transactions of organizations and individuals purchasing goods and services arising in Vietnam are as follows:

+ Information related to the payment of organizations and individuals in Vietnam, such as credit card information based on the bank identification number (BIN), bank account information or similar information used by purchasing organizations and individuals to make payments to overseas suppliers.

+ Information about the residence status of organizations (individuals) in Vietnam (payment address information, delivery address, residential address, or similar information declared by purchasing organizations (individuals) with overseas suppliers).

+ Information about access by organizations (individuals) in Vietnam, such as information on the telephone area code of the SIM card, IP address, fixed-line location, or similar information of purchasing organizations or individuals.

- When determining a transaction arising in Vietnam for tax declaration and calculation, the foreign supplier shall proceed as follows:

+ Use 02 non-conflicting pieces of information including payment-related information of organizations (individuals) in Vietnam and one residence status information or access information of organizations, individuals in Vietnam as mentioned above.

+ In case the payment-related information of organizations, individuals is not collected or conflicts with other information, the foreign supplier is allowed to use 02 non-conflicting pieces of information including one residence status information and one access information of organizations or individuals in Vietnam.