Value Added Tax: manufacturers, traders or service providers pay to the State by adding this tax amount to the selling price to consumers. For example, when buying goods at the supermarket, the buyer will pay for the purchased goods, the value-added tax is included in the price.
Enterprises only pay taxes after deducting the value added tax of purchased goods and services, which is lower than the value added tax of goods and services sold.
– Payers of Value Added Tax Declaration: For newly established enterprises, enterprises with the previous year total revenue of 50 billion VND or less.
– Payers of Value Added Tax Declaration: For enterprises with a total of VND 50 billion in the previous year.
The Value Added Tax is declared based on the amount of tax incurred in the added value invoice or the value added tax payment invoice, not based on other documents.
Learn more: Instructions for registering an account, submitting tax returns online
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