What is the 2025 Tet holiday schedule of Bach Hoa Xanh in Vietnam? Are promotional goods during Tet subject to VAT in Vietnam?
What is the 2025 Tet holiday schedule of Bach Hoa Xanh in Vietnam?
Based on Announcement 6150/TB-BLDTBXH in 2024 regarding the Lunar New Year holiday for 2025 for officials, public employees, and workers as follows:
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7. For employees not covered by Section 1 of this Announcement, the employer decides to choose the Lunar New Year, National Day, Victory Day April 30, and International Labor Day May 1, 2025 holiday schedule as follows:
- For the Lunar New Year holiday: Choose 01 day at the end of the Year of the Dragon and 04 days at the beginning of the Year of the Snake or 02 days at the end of the Year of the Dragon and 03 days at the beginning of the Year of the Snake or 03 days at the end of the Year of the Dragon and 02 days at the beginning of the Year of the Snake.
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Thus, the enterprise has the right to decide the 2025 Lunar New Year holiday schedule for employees according to one of the following three options:
- 01 day at the end of the Year of the Dragon and 04 days at the beginning of the Year of the Snake.
- 02 days at the end of the Year of the Dragon and 03 days at the beginning of the Year of the Snake.
- 03 days at the end of the Year of the Dragon and 02 days at the beginning of the Year of the Snake.
Additionally, according to the announcement on the official website of Bach Hoa Xanh, Bach Hoa Xanh's 2025 Tet holiday schedule is as follows:
(1) For Bach Hoa Xanh online:
- 2025 Tet Holiday Schedule:
+ Start holiday: 9:00 PM January 27, 2025 (equivalent to the 28th day of Tet).
+ Resume operations: 7:00 AM February 2, 2025 (equivalent to the 5th day of Tet).
- Delivery time when customers order via App or Website:
- Order deadline: Until 5:00 PM January 27, 2025 (28th day of Tet).
(Note: Orders placed after this time will be delivered after Tet.)
- Last delivery time: Before 8:00 PM January 27, 2025 (28th day of Tet).
During the holiday, if you wish to shop, please place an order via the Bach Hoa Xanh APP or WEBSITE. Your order will be delivered from February 2, 2025 (5th day of Tet).
(2) For Bach Hoa Xanh offline:
- 2025 Tet Holiday Schedule:
+ From January 28, 2025 (29th day of the lunar New Year) to February 1, 2025 (4th day of the lunar New Year)
- Resuming operations:
+ Reopening will begin from February 2, 2025 (5th day of the lunar New Year).
What is the 2025 Tet holiday schedule of Bach Hoa Xanh in Vietnam? Are promotional goods during Tet subject to VAT in Vietnam? (Image from the Internet)
Are promotional goods during Tet subject to VAT in Vietnam?
According to Clause 5, Article 7 of Circular 219/2013/TT-BTC, the value-added tax (VAT) calculation for promotional goods is as follows:
Tax Calculation Basis
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5. For products, goods, and services used for promotion as per legal commercial regulations, the taxable value is determined to be zero (0); in cases where goods and services are used for promotion but not according to commercial regulations, tax must be declared, calculated, and paid as for goods and services used for internal consumption, as gifts or donations.
Specific forms of promotion are implemented as follows:
a) For promotions like providing samples, free trial services for customers, free goods, or unpaid services to customers, the taxable value for samples and trial services is determined at zero.
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b) For selling goods, providing services at prices lower than previous sale prices, VAT is calculated based on the reduced sale price effective during the registered or notified promotional period.
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c) For promotions involving the sale of goods or provision of services with accompanying shopping vouchers or service coupons, such vouchers and coupons are not subject to VAT declaration or calculation.
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For promotional goods as per commercial regulations, the taxable value is determined to be zero (0).
In cases where goods and services are used for promotion but not in accordance with commercial law, tax must be declared, calculated, and paid as for goods and services used for internal consumption, gifts, or donations.
Thus, promotional goods are not subject to VAT if compliant with commercial law.
What is the time of VAT determination in Vietnam?
According to Article 8 of Circular 219/2013/TT-BTC, the timing for determining VAT is regulated as follows:
- For goods sales, the time is when ownership or use rights are transferred to the buyer, regardless of whether the payment has been fully received.
- For service provision, it is upon completion of the service or when the service invoice is issued, regardless of payment receipt status.
For telecommunication services, it is upon completion of the data reconciliation on telecommunication connection fees according to the economic contract between telecommunications service providers, but no later than 2 months from the month in which the connection services arose.
- For electricity and clean water supply activities, it is the date the consumption meter is read for billing purposes.
- For real estate business activities, infrastructure construction, and housing construction for sale, transfer, or lease, it is when payments are collected according to project implementation progress or as stated in the contract. Based on the collected amounts, the business shall declare the output VAT arising in the period.
- For construction and installation, including shipbuilding, it is upon acceptance, handover of works, project items, construction, or installation volumes, regardless of payment receipt status.
- For imported goods, it is the time of customs declaration registration.
