A duty refund is the return of duty that is collected by authorized agencies from enterprises because the revenue is more than the payable tax amount or is not applicable to the payable objectives. Here are the cases of duty refund.
On August 24, 2022, the Ministry of Finance issues Decision No. 1710/QD-BTC on the administrative procedures which are amended and supplemented in tax under the administration of the Ministry of Finance.
On August 22, 2022, the State Bank of Vietnam issues the Decision No. 1453/QD-NHNN on the announcement of administrative procedures which are amended and supplemented, replaced, and annulled in the foreign exchange field.
On August 12, 2022, the Ministry of Finance issues the Official Dispatch No. 8042/BTC-TCHQ on using invoices for on-spot import and export.
To calculate the input value added tax or add to the deductible expenses of taxable income, expenses for the purchase of goods or services valued at VND 20 million or more (VAT-inclusive prices) per invoice with non-cash payment documents.
Every accountant must determine deductible expenses and non-deductible expenses in order to ensure the right tax amount and enterprise's benefits. Deductible expenses for determining taxable income are defined in the following post.
Enforcement of tax administration-related administrative decisions is when the authorized individual applies the method in accordance with law provisions in order to ensure the administrative decision on tax administration
Enterprises receive not only a preferential tax rate but also have a long reduction duration, some enterprises receive this incentive for over 10 years.
On August 03, 3022, the Minister of Finance promulgates Circular No. 48/2022/TT-BTC prescribing the rates, collection, remittance, management, and use of charges for exploitation and use of information in the national population database.
On August 08, 2022, the Government issues the Decree No. 51/2022/ND-CP on preferential import duty rates applicable to petroleum products.
On July 29, 2022, the Ministry of Planning and Investment issues Circular No. 16/2022/TT-BKHDT on ceasing the effectiveness of Circular No. 08/2022/TT-BKHDT and Circular No. 10/2022/TT-BKHDT.
On July 27, 2022, the Minister of Finance issues the Circular No. 45/2022/TT-BTC on amending and supplementing a number of articles of the Minister of Finance’s Circular No. 143/2015/TT-BTC of September 11, 2015, providing customs procedures for and management of automobiles and mopeds of subjects permitted to import or temporarily import these automobiles and mopeds for non-commercial purposes.
Enterprise income tax is one of the direct taxes and is calculated based on the taxed incomes in the tax period and tax rates. This is one of the important revenues of the state budget.
To calculate exactly the payable enterprise income tax, it is necessary to define the total revenue from production and business activities, and other taxable incomes in accordance with law provisions.
On July 29, 2022, the Government issues Decree No. 49/2022/ND-CP on amending and supplementing a number of articles of Decree No. 209/2013/ND-CP detailing and guiding a number of articles of the Law on Value-Added Tax.