How to declare, calculate and pay taxes on household income and expenditure? Does household income have to declare and calculate value added tax in Vietnam?
Principles of making, managing and using invoices and vouchers when declaring and paying taxes on household income and expenditure?
Pursuant to Article 4 of Decree 123/2020/ND-CP stipulating the principles, management and use of invoices and vouchers when declaring and paying tax as follows:
- When selling goods or providing services, the seller must issue an invoice to deliver to the buyer (including cases of goods and services used for promotion, advertising, samples; goods and services; used for giving, giving, giving, exchanging, paying for employees' wages and for internal consumption (except for goods circulated internally to continue the production process);
Exporting goods in the form of lending, lending or returning goods) and must fully record the contents as prescribed in Article 10 of this Decree. data of tax authorities as prescribed in Article 12 of this Decree.
How to declare, calculate and pay taxes on household income and expenditure? Does household income have to declare and calculate value added tax in Vietnam? (Pictures from the internet)
Cases not required to declare, calculate and pay value added tax in Vietnam?
Pursuant to Article 5 of Circular 219/2013/TT-BTC stipulating items not subject to VAT in Vietnam, including the cases in Clause 7 as follows:
Business establishments are not required to declare and pay tax in the following cases:
- Contributing capital with assets to establish a business. Assets contributed as capital to the enterprise must include: minutes of capital contribution for production and business, joint venture and association contracts; minutes of asset valuation of the Council for the delivery and receipt of capital contributions of the capital contributors (or valuation documents of organizations with valuation function as prescribed by law), enclosed with a set of documents on the origin of assets. .
- Transfer of assets between dependent accounting units in the enterprise; transfer of assets upon division, separation, consolidation, merger or transformation of enterprises.
Assets transferred between dependent cost-accounting member units in the business establishment; When the property is transferred when dividing, splitting, consolidating, merging, or converting the type of enterprise, the business establishment that has the transferred assets must have an order to transfer the assets, enclosed with a set of documents on the origin of the assets and not invoice must be issued.
- In case assets are transferred between independent accounting units or between member units with full legal status in the same business establishment, the business establishment having transferred assets must issue invoices. VAT and declare and pay VAT according to regulations, except for the case guided in Clause 6 of this Article.
- Collecting claims from the third person of insurance activities.
- Incomes not related to the sale of goods and services of the business establishment.
- Revenue of goods and services received from agents and commissions earned from the sale of goods and services by the agent at the prescribed price by the principal of the commission of services: postal, telecommunications, lottery ticket sales numbers, tickets for flights, cars, trains, ships; international shipping agency; agents of aviation and maritime services which are entitled to the VAT rate of 0%; insurance agent.
- Revenue from goods and services and commissions from agents are not subject to VAT.
Accordingly, for incomes not related to the sale of goods and services by business establishments, they will not have to declare and calculate value added tax in Vietnam.
Does household income have to declare and calculate value added tax in Vietnam?
Pursuant to Official Letter 36814/CTHN-TTHT in 2022, the Tax Department of Ho Chi Minh City. Ha Noi guides the declaration, calculation and payment of tax for income and expenditure sources as follows:
- In case the Center uses electronic invoices according to Decree No. 123/2020/ND-CP of the Government, when selling goods or providing services, the seller must issue an invoice to deliver to the buyer according to regulations in Clause 1, Article 4 of Decree No. 123/2000/ND-CP.
For incomes not related to the sale of goods and services of the Center, they are not required to declare, calculate and pay VAT according to the provisions of Point d, Clause 1, Article 5 of Circular No. 219/2013/TT-BTC. of the Ministry of Finance.
- Suggest the Center based on the actual situation, compare with the legal documents on tax to comply with regulations.
- In the process of implementing tax policy, if there are still problems, the Center can refer to the guiding documents of the Hanoi Tax Department posted on the website http://hanoi.gdt.gov.vn or contact the Department of Inspection - check number 6 for assistance in resolving.
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