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VAT
News updates related to VAT
Male chief accountant illegally bought and sold invoices worth more than 22 billion VND from 5 'ghost' companies
Chief Accountant Nguyen Viet Hai bought 29 VAT invoices from 5 "ghost" businesses with a total value of goods (excluding VAT) of more than 22.4 billion VND.
Law
In which cases can a business establishment not receive a VAT refund but transfer the investment project tax amount to the next period?
In which cases can a business not receive a VAT refund but transfer the investment project tax amount to the next period?. The concern of Mr. Tran Dinh Ha (Do Luong commune, Nghe An)
From July 1, 2025, sales transactions under 20 million VND must have an invoice if they want to deduct tax.
From July 1, 2025, transactions for the purchase and sale of goods and services under VND 20 million will be required to be accompanied by non-cash payment documents if traders want to deduct input VAT.
Prosecution of subjects buying and selling fake invoices worth nearly 100 billion VND
During 2 years, Ly illegally bought and sold 175 VAT invoices without accompanying goods and services to 12 companies in many provinces and cities in the country with the amount written on the invoices being nearly 100 billion VND.
How to declare and pay VAT for taxpayers who are dependent units
How should a taxpayer who conducts centralized accounting at the head office have a dependent unit or business location that is a production facility (including processing and assembly facilities) in a different province from the taxpayer's head office, calculate, declare and pay VAT?
Tax officials protect 34 'ghost' companies that embezzle state money
Three tax officials were accused of receiving more than 10 billion VND, supporting 34 "ghost" companies to buy and sell VAT invoices so that Thuduc House and many other businesses could embezzle 538 billion VND.
Draft Decree on Value Added Tax: Inadequacies that need to be adjusted and amended
(Baonghean.vn) - Currently, the Ministry of Finance is drafting a Decree detailing and guiding the implementation of a number of articles of the Law on Value Added Tax (VAT), replacing a number of related Decrees that have also amended and supplemented regulations on VAT refunds for investment projects; amending wording to ensure transparency and consistency with regulations in the Law on Value Added Tax, Law on Tax Administration, Law on Export Tax, etc.
7 cases not required to declare and pay VAT 2019
April 8, 2019 08:59
Value added tax is a tax calculated on the added value of goods and services. Business people and importers are obliged to declare and pay tax. In addition, there are also regulations on cases that do not have to declare and pay VAT.
Gasoline prices increased sharply from 5:00 p.m. on April 2
April 2, 2019 17:53
Each liter of E5 RON 92 gasoline increased by 1,377 VND, RON 95 gasoline increased by 1,484 VND after adjusting retail prices, from 5:00 p.m. this afternoon.
An individual was fined and had to pay 4.1 billion VND for income from Facebook and Google.
August 1, 2018 15:38
Because he received more than 41 billion VND from Facebook and Google in 2 years but did not declare and pay taxes, an individual was fined 4.1 billion VND by the Ho Chi Minh City Tax Department.
Nam Dan owes over 26 billion VND in taxes
July 11, 2018 14:48
(Baonghean.vn) - As of June 2018, Nam Dan's tax debt was up to 26,549 billion VND, of which the enterprise tax debt was 17.8 billion VND.
Arrested a group selling VAT invoices and illegally profiting thousands of billions of dong
February 8, 2018 20:41
According to the initial investigation, the investigation agency determined that the number of VAT invoices illegally bought and sold by the subjects amounted to more than 10,000 billion VND.
Workshop to collect opinions on sales and service invoices
September 27, 2017 13:56
(Baonghean.vn) – On the morning of September 27, the Vietnam Chamber of Commerce and Industry, Nghe An branch, coordinated with the Nghe An Tax Department to organize a workshop on 'Disseminating and collecting comments on the Draft Decree regulating invoices for sales and service provision and the draft law amending and supplementing a number of articles of a number of Tax Laws'.
Double Tax: Used Cars More Expensive Than New Cars
August 16, 2017 09:05
Import tax on used cars is expected to increase, used cars are twice as expensive as new cars, businesses that import used cars are out of business. With the current tax rate, many businesses are losing money; not to mention having to pay back taxes.
Piloting VAT refund by electronic method
January 14, 2017 10:49
(Baonghean.vn) - On December 27, 2016, the Ministry of Finance issued Decision No. 2790/QD-BTC on piloting the reception of dossiers and returning of value-added tax (VAT) refund settlement results electronically.
'Hot' issue of VAT, compensation for Formosa
October 11, 2016 21:42
(Baonghean.vn) - On the afternoon of October 11, the Ministry of Finance held a regular press conference for the third quarter. At the meeting, press agencies questioned leaders of the Ministry of Finance on "hot" issues such as VAT rates, compensation for Formosa's damages, and the price ceiling for milk...
Many changes in value added tax refund management
August 31, 2016 23:10
(Baonghean.vn) - On August 31, the General Department of Taxation held a press conference to introduce new points in the regulations on value-added tax (VAT) refund management, implementing Law 106/2016/QH13 and Circular 99/2016/TT-BTC on the above content.
Comments on 3 draft laws in the field of tax
February 25, 2016 16:21
(Baonghean.vn) - On the afternoon of February 25, the National Assembly delegation held a conference to collect comments on the draft Law amending and supplementing a number of articles of the Law on VAT, the Law on Special Consumption Tax and the Law on Tax Administration. Comrade Pham Van Tan, Head of the National Assembly delegation, chaired the meeting.
Enterprises declare VAT on revenue from other provinces
April 9, 2015 14:18
(Baonghean) - Question:
From January 1, 2015, some additional items are not subject to VAT.
December 9, 2014 16:19
(Baonghean.vn) - On November 26, 2014, at the 8th session, the 13th National Assembly passed Law No. 71/2014/QH13 amending and supplementing a number of articles of the Laws on Taxes. The Law takes effect from January 1, 2015.
What are the new amendments and supplements to VAT?
November 13, 2014 08:00
Question: The Ministry of Finance has recently issued Circular No. 151/2014/TT-BTC guiding the implementation of Decree No. 91/2014/ND-CP. Could the Tax Department please inform us of the new amendments and supplements to VAT?
Exemption from VAT and personal income tax for some subjects
December 9, 2013 19:10
According to SGGP
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