Allocating VAT, CIT, and natural resources tax payable to each province in Vietnam in 2022

Hello editor, I know that according to the old regulations, in case a hydroelectricity production establishment has many hydroelectric plants, including hydroelectric power plants located in the province, the CIT amount calculated in the province or city The city under central authority where the hydroelectric power plant is located is determined by the amount of CIT payable in the period multiplied by (x) the ratio of the electricity output produced by the hydroelectric power plant to the total output of electricity produced by the producer. hydroelectric. However, Circular 80/2021/TT-BTC has some amendments to the above content. May I ask what is that modification?

New points on tax declaration, tax calculation, distribution, tax finalization and payment of remaining after-tax profit after setting aside funds for computerized lottery business in 2022?

Pursuant to Section 10, Appendix 1 issued together with Official Letter 4384/TCT-CS in 2021, introducing new content on tax declaration, tax calculation, tax allocation, finalization and payment of remaining after-tax profit after making deductions Funds for electronic lottery business are as follows:

New point: Regulations on distribution of remaining after-tax profits after setting up funds for computerized lottery business in other provinces.

Previously: Taxpayers distributed the remaining after-tax profits after setting aside funds for computerized lottery business in other provinces according to the percentage of revenue consumed in the locality according to the instructions in the official dispatch. No. 4311/TCT-DNL dated October 3, 2014 of the General Department of Taxation.

Allocate VAT, CIT, and natural resources tax payable to each province in Vietnam in 2022

What is new in tax declaration, tax calculation, and distribution of VAT, CIT, and natural resources tax payable to each province where hydroelectric plants are located in many provinces in 2022?

Pursuant to Section 11 of Appendix 1 issued together with Official Letter 4384/TCT-CS in 2021, introducing new contents on tax declaration, tax calculation, and distribution of VAT, CIT, and natural resources tax payable to each province where the tax is located. Hydropower plants are located in many provinces as follows:

(1) New point 1: Taxpayers shall declare value-added tax and natural resource tax incurred by hydroelectric plants located in many provinces to the tax authorities where the hydroelectric power plant operating office is located and allocate tax payable to the localities where the revenue is received (Article 13, Article 15).

Previously: Article 23 of Circular No. 156/2013/TT-BTC dated November 6, 2013 of the Ministry of Finance providing for VAT and resource tax of hydropower plants located in many provinces, taxpayers declare and submit tax declaration dossiers at the tax office managing the head office and allocate the payable tax amount to the localities where the revenue is received.

(2) New point 2: Amending regulations on the local Tax Department where the hydroelectric power plant operating office is located is responsible for presiding over and coordinating with the hydropower plant project investor and local Tax Departments where there is a common hydroelectric power plant in order to unify the allocation rate of tax obligations of each tax for each province where the revenue is received. In case of disagreement on the proportion of tax liability distribution for each province between Tax Departments and taxpayers, the local Tax Department where the hydroelectric power plant operating office is located shall report to the Ministry of Finance (General Department of Taxation) for guidance. (Clause 6, Article 12).

Previously: In Clause 6, Article 23 of Circular No. 156/2013/TT-BTC dated November 6, 2013 of the Ministry of Finance stipulating: The Tax Department of the locality where the hydroelectric power plant is located is responsible for taking the lead. coordinate with the investor of the hydropower plant project and the local Tax Departments where the hydroelectric power plant is located in determining the investment value of the plant (turbines, hydroelectric dams and key facilities of the plant). hydroelectricity); hydroelectric reservoir area; funding for site clearance compensation, migration and resettlement; the number of households that have to be relocated and resettled and the value of compensation for material damage in the lake bed in each province and reported to the Ministry of Finance (General Department of Rent) before June 30 of the previous year next to the year the factory moved. into operation to guide the division ratio.

(3) New point 3: Remove the criterion of distribution according to the ratio of electricity output produced by hydroelectric plants to the total output of electricity produced by hydroelectricity producers in case the hydroelectricity producer has many hydropower plants, including hydroelectric power plants located in other provinces and centrally run cities where the hydroelectricity production establishment is headquartered, if the cost ratio of each hydroelectric power plant cannot be determined. .

Previously: In Circular No. 151/2015/TT-BTC dated October 10, 2014 of the Ministry of Finance, it stipulates: “In case a hydroelectricity production establishment has many hydroelectric plants, in which there is a hydroelectric plant located in the In other centrally-affiliated cities and provinces where the hydroelectricity production establishment is headquartered, if the cost ratio of each hydroelectric power plant cannot be determined, centralized accounting shall be performed, not organized. If a separate accounting organization for each hydroelectric plant is located, the CIT amount calculated and payable in the province or centrally run city where the hydroelectric power plant is located is determined by the payable CIT amount in the period multiplied by (x) the rate the output of electricity produced by the hydroelectricity plant with the total output of electricity produced by the hydroelectricity."

Khanh Linh

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