Economy

How to declare value added tax for multiple investment projects at the same time, in different localities

Nghe An Tax Department DNUM_DAZBBZCACE 14:04

How does a taxpayer who is operating and subject to VAT payment under the deduction method have many investment projects eligible for VAT refund and these projects are located in the same province or different provinces from where the taxpayer has its head office?

Nghe An Tax Department responded as follows:

Pursuant to the provisions of Clause 1, Article 45, Law on Tax Administration No. 38/2019/QH14 and Point a, Clause 1, Article 11, Decree No. 126/2020/ND-CP dated October 19, 2020 of the Government:

Taxpayers shall declare separate tax declarations for each investment project eligible for VAT refund using form No. 02/GTGT ​​issued together with Circular No. 80/2021/TT-BTC dated September 29, 2021 of the Ministry of Finance.

On VAT declaration form No. 02/GTGT, taxpayers must declare the investment project declaration file code of each project. The investment project declaration file code is self-determined by the taxpayer but must be unique according to the tax code of the taxpayer who declared VAT declaration form No. 02/GTGT.

Taxpayers submit tax declarations for investment projects in the same province as the taxpayer's head office to the directly managing tax authority and for investment projects in other provinces to the Tax Department where the investment project is located.

Các phương tiện xe máy hoạt động cần lượng xăng, dầu rất lớn. Ảnh: Trân Châu
Illustrative photo of road construction. Photo: Tran Chau

* How should taxpayers who are subject to VAT payment under the deduction method and have real estate transfer activities (except for real estate transfer activities of infrastructure investment projects and houses for transfer as prescribed in Point b, Clause 1, Article 11, Decree No. 126/2020/ND-CP) in localities other than provinces or centrally run cities where the taxpayer has its head office calculate, declare and pay VAT?

Tax Department replied:

Pursuant to the provisions of Point b, Clause 1; Point b, Clause 2; Point b, Clause 3, Article 13 of Circular No. 80/2021/TT-BTC dated September 29, 2021 of the Ministry of Finance:

Taxpayers subject to VAT payment by the deduction method who have real estate transfer activities (except for real estate transfer activities of infrastructure investment projects, houses for transfer as prescribed in Point b, Clause 1, Article 11, Decree No. 126/2020/ND-CP) in localities other than provinces or centrally run cities where the taxpayer has its head office shall declare VAT according to Form No. 05/GTGT ​​issued together with Circular No. 80/2021/TT-BTC dated September 29, 2021 of the Ministry of Finance, submit VAT declaration dossiers to the tax authority in the province where the transferred real estate is located; pay the declared VAT to the state budget in the province where the transferred real estate is located.

The amount of VAT payable for each province for real estate transfer activities is equal to (=) the revenue excluding VAT for real estate transfer activities in each province multiplied (x) by 1%.

Taxpayers must aggregate the revenue excluding VAT for real estate transfer activities into the VAT declaration dossier at the head office to determine the amount of VAT payable for all production and business activities at the head office. The amount of VAT paid in the province where the transferred real estate is located shall be offset against the amount of VAT payable at the head office.

Featured Nghe An Newspaper

Latest

x
How to declare value added tax for multiple investment projects at the same time, in different localities
POWERED BYONECMS- A PRODUCT OFNEKO