What date is Halloween 2024? Are promotional invoices for Halloween subject to VAT in Vietnam?

What date is Halloween 2024?

Halloween in the year 2024 will fall on Thursday, October 31.

This is an annually celebrated holiday, often associated with activities such as dressing up, pumpkin decoration, and Halloween parties.

Halloween, also known as the Festival of Disguise, occurs on October 31 each year and originates from the Celtic festival of Samhain.

What date is Halloween 2024? Are promotional invoices for Halloween subject to VAT in Vietnam? (Image from the Internet)

Vietnam: Shall sellers issue invoices for promotional invoices for Halloween for customers?

According to the provisions of Article 4 of Decree 123/2020/ND-CP regarding the principles of creating invoices as follows:

Principles of creating, managing, and using invoices and records

1. When selling goods or providing services, the seller must issue an invoice to deliver to the buyer (including cases where goods and services are used for promotion, advertising, as samples; goods and services given, donated, gifted, exchanged, wage substitutes to employees, and internal consumption (except for internal circulation of goods to continue the production process); and issuance of goods under forms of lending, borrowing or returning goods) and must fully record the contents as stipulated in Article 10 of this Decree; in the case of using electronic invoices, they must follow the standard data format prescribed by tax authorities according to Article 12 of this Decree.

2. When deducting personal income tax, when collecting taxes, fees, charges, the tax deduction organization, the organization collecting fees, charges, and taxes must issue a tax deduction record, tax receipt, fee, and charge receipt to the individual whose income is being deducted, the taxpayer, fee payer, charge payer and must fully record the contents as required in Article 32 of this Decree. In case of using electronic receipts, they must follow the standard data format of the tax authority. In the case an individual authorizes tax finalization, a tax deduction record for personal income tax is not issued.

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Thus, goods given as gifts or specifically Halloween gifts still require issuance of invoices according to the above regulations.

Are promotional invoices for Halloween subject to VAT in Vietnam?

According to Article 7 of Circular 219/2013/TT-BTC detailing the taxable value as follows:

Taxable value

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5. For products, goods, and services used for promotion according to trade law, the taxable value is determined as zero (0); for goods and services used for promotion but not complying with trade laws, they must be declared and taxed as if used for internal consumption, gifting, giving.

Some specific promotional methods implemented are as follows:

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If Halloween promotional goods comply with trade law, the taxable value is zero but VAT must still be declared.

If Halloween promotional goods do not comply with trade law, the seller must declare and calculate VAT for promotional goods and pay taxes as applied to gifts and donations.

Who are sales invoices for?

Based on clause 2 Article 8 of Decree 123/2020/ND-CP stipulated as follows:

Types of invoices

Invoices stipulated in this Decree include the following types:

1. Value-added tax invoice is issued for organizations declaring value-added tax using the deduction method for activities:

a) Selling goods, providing services domestically;

b) International transportation activities;

c) Export to non-tariff zones and cases regarded as exports;

d) Exporting goods, providing services abroad.

2. Sales invoice is for organizations and individuals such as:

a) Organizations and individuals declaring and calculating value-added tax using the direct method for activities:

- Selling goods, providing services domestically;

- International transportation activities;

- Export to non-tariff zones and cases regarded as exports;

- Exporting goods, providing services abroad.

b) Organizations and individuals in non-tariff zones selling goods, providing services domestically and when selling goods, providing services among organizations and individuals in non-tariff zones with each other, exporting goods, providing services abroad, and invoices stating "For organizations and individuals in non-tariff zones".

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Sales invoices are for organizations and individuals such as:

- Organizations and individuals declaring and calculating VAT using the direct method for activities:

+ Selling goods, providing services domestically;

+ International transportation activities;

+ Export to non-tariff zones and cases regarded as exports;

+ Exporting goods, providing services abroad.

- Organizations and individuals in non-tariff zones when selling goods, providing services domestically and when selling goods, providing services among organizations and individuals in non-tariff zones with each other, exporting goods, providing services abroad, and invoices clearly stating "For organizations and individuals in non-tariff zones".