The General Department of Taxation notes that from January 1st, 2021, when an enterprise collects service charges on behalf of foreign carriers, it has to declare VAT, EIT according to these regulations:
- Regarding VAT: To declare tax according to regulations provided for foreign contractors at point n clause 4, point e clause 6 Article 8 of Decree No. 126/2020/ND-CP .
Forms of declaration of VAT: to use Form No. 01/NTNN (when declare tax monthly or declare tax when it is incurred) and Form No. 02/NTNN upon termination of contracts and attached annexes, documents according to the regulations at point b.1, point e clause 3 Article 20 of Circular No. 156/2013/TT-BTC (with regard to tax periods in 2021); according to points 13.2, 13.5 Annex I promulgated together with Decree No. 126/2020/ND-CP and section XI Annex II of Circular No. 80/2021/TT-BTC (with regard to tax periods in 2022)
- Regarding EIT: to temporarily pay tax quarterly and make annual tax finalization according to clause 5 Article 1 of Decree No. 91/2022/ND-CP (amended at point g clause 6 Article 8 of Decree No. 126/2020/ND-CP ) and point 13.5 Annex I promulgated together with Decree No. 126/2020/ND-CP
Form of EIT finalization is the tax finalization Form No. 01/VTNN and attached annexes according to the regulations at Section XI Annex II of Circular No. 80/2021/TT-BTC .
|Published||Vietlaw's Newsletter No. 603|