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What is the impact of the development of commodity-money relations on the development of taxation?
What is the impact of the development of commodity-money relations on the development of taxation?
What is the characteristic of taxation that distinguishes it from voluntary contributions?
What is the characteristic of taxation that distinguishes it from voluntary contributions?
What is the role of the state in the taxation process?
What is the role of the state in the taxation process?
What is the nature of taxation in terms of refundability?
What is the nature of taxation in terms of refundability?
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What is the purpose of taxation in terms of state functions?
What is the purpose of taxation in terms of state functions?
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What happens to taxpayers who violate tax laws?
What happens to taxpayers who violate tax laws?
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What is the difference between taxation and a loan?
What is the difference between taxation and a loan?
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What is the relationship between the development of taxation and the development of the market economy?
What is the relationship between the development of taxation and the development of the market economy?
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What is the main advantage of Value-Added Tax (VAT) over turnover tax?
What is the main advantage of Value-Added Tax (VAT) over turnover tax?
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What is the benefit of VAT for exporters?
What is the benefit of VAT for exporters?
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Who is liable to pay VAT?
Who is liable to pay VAT?
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What is one of the effects of VAT on businesses?
What is one of the effects of VAT on businesses?
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What is the impact of VAT on the national economy?
What is the impact of VAT on the national economy?
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How does VAT affect investment?
How does VAT affect investment?
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What is one of the advantages of VAT over other tax systems?
What is one of the advantages of VAT over other tax systems?
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What is the impact of VAT on international trade?
What is the impact of VAT on international trade?
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Which of the following is not a type of income that is not related to the sale of goods and services?
Which of the following is not a type of income that is not related to the sale of goods and services?
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What is the tax treatment of goods that are imported and then exported but are returned by the foreign buyer?
What is the tax treatment of goods that are imported and then exported but are returned by the foreign buyer?
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Which of the following is an example of a service that is exempt from VAT?
Which of the following is an example of a service that is exempt from VAT?
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What is the tax treatment of goods that are transferred within a business for further production or business use?
What is the tax treatment of goods that are transferred within a business for further production or business use?
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Which of the following is an example of a commission that is exempt from VAT?
Which of the following is an example of a commission that is exempt from VAT?
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What is the tax treatment of goods that are lent or borrowed by a business?
What is the tax treatment of goods that are lent or borrowed by a business?
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Which of the following is not a type of service that is exempt from VAT?
Which of the following is not a type of service that is exempt from VAT?
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What is the tax treatment of fees received by a business from the government for collecting debts on behalf of the government?
What is the tax treatment of fees received by a business from the government for collecting debts on behalf of the government?
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What is the main purpose of the regulations regarding cases that are not subject to VAT declaration and payment?
What is the main purpose of the regulations regarding cases that are not subject to VAT declaration and payment?
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Which of the following is NOT a case that is not subject to VAT declaration and payment?
Which of the following is NOT a case that is not subject to VAT declaration and payment?
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What happens when a business receives compensation in kind?
What happens when a business receives compensation in kind?
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What is the treatment of monetary rewards received by a business?
What is the treatment of monetary rewards received by a business?
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Why was Circular 193/2015/TT-BTC issued?
Why was Circular 193/2015/TT-BTC issued?
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What is the treatment of services provided by a Vietnamese business to a foreign organization?
What is the treatment of services provided by a Vietnamese business to a foreign organization?
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What is the basis for a business to determine whether it needs to declare and pay VAT?
What is the basis for a business to determine whether it needs to declare and pay VAT?
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What happens when a business receives monetary support from an organization or individual to perform a service?
What happens when a business receives monetary support from an organization or individual to perform a service?
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Which of the following situations is subject to VAT?
Which of the following situations is subject to VAT?
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What is the main reason for exempting certain transactions from VAT?
What is the main reason for exempting certain transactions from VAT?
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Which of the following services is not subject to VAT?
Which of the following services is not subject to VAT?
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What is the tax implication for an individual who sells a personal asset not used for business purposes?
What is the tax implication for an individual who sells a personal asset not used for business purposes?
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Which of the following is an example of a transaction that is exempt from VAT?
Which of the following is an example of a transaction that is exempt from VAT?
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What is the tax implication for a business that transfers a project to another business?
What is the tax implication for a business that transfers a project to another business?
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Which of the following services is subject to VAT?
Which of the following services is subject to VAT?
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What is the main purpose of exempting certain transactions from VAT?
What is the main purpose of exempting certain transactions from VAT?
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Study Notes
Tax on Goods and Services
- The tax on goods and services is a type of tax that applies to organizations and individuals who produce and trade goods and services in Vietnam.
- It is a value-added tax that is imposed on the value added to goods and services at each stage of production and distribution.
Cases where Tax on Goods and Services is not Applicable
- Organizations and individuals who are not engaged in business and do not have to pay tax on goods and services include:
- Those who sell assets that are not used for business purposes.
- Those who receive compensation in the form of money or goods and services.
- Those who engage in transactions outside of Vietnam.
- Those who provide services such as advertising, market research, and investment promotion.
- Those who engage in the transfer of projects to produce goods and services that are subject to tax.
- Those who receive money from the state budget for the implementation of projects.
Characteristics of Tax on Goods and Services
- Tax on goods and services is a compulsory contribution made by organizations and individuals to the state budget.
- It is a type of indirect tax that is imposed on the value added to goods and services.
- It is a tax that is imposed on the consumption of goods and services.
- It is a tax that is imposed on the production and distribution of goods and services.
Functions of Tax on Goods and Services
- Tax on goods and services has the function of regulating the economy and stabilizing the financial system.
- It has the function of promoting the development of the economy and society.
- It has the function of reducing the gap between the rich and the poor.
- It has the function of promoting transparency and accountability in the use of public funds.
Scope of Application of Tax on Goods and Services
- The tax on goods and services applies to all organizations and individuals who produce and trade goods and services in Vietnam.
- It applies to all goods and services that are produced and traded in Vietnam, regardless of their origin.
- It applies to all imports of goods and services into Vietnam.
Subjects of Tax on Goods and Services
- Organizations and individuals who produce and trade goods and services in Vietnam are subjects of tax on goods and services.
- Organizations and individuals who import goods and services into Vietnam are also subjects of tax on goods and services.
Characteristics of Organizations and Individuals who are Subjects of Tax on Goods and Services
- They are organizations and individuals who have business activities in Vietnam.
- They are organizations and individuals who produce and trade goods and services in Vietnam.
- They are organizations and individuals who import goods and services into Vietnam.
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Description
Learn about the tax on goods and services in Vietnam, including its application and exemptions. Understand the value-added tax imposed on goods and services at each stage of production and distribution.