Post by hanro1187 on Feb 14, 2024 5:22:53 GMT -5
The regulation on reducing the value added tax (VAT) rate from 10% to 8% has expired from December 31, 2022. So what is the VAT rate that food service store owners must pay in 2023? Follow now in the article below! VAT rent for food services 1. What is VAT? Value Added Tax (VAT - Value Added Tax), formerly also known as Value Added Tax, is a form of business tax and is an indirect tax levied on the final consumer, although the subject Submit it to the collection agency, which is the business. Simply put, the person using the food service is the one who must pay VAT on each invoice, and the business owner will have the obligation to repay this VAT to the competent authorities.
Because VAT is intended to be a tax on consumption, exports (by this definition to Saudi Arabia Telemarketing Data consumers abroad) are usually not subject to VAT or, alternatively, VAT to the exporter is refund (According to Wikipedia). 2. What is the value added tax (VAT) rate in 2023? From February 1, 2022, Decree 15/2022/ND-CP regulates tax exemption and reduction policies according to Resolution 43/2022/QH15 of the National Assembly on fiscal and monetary policies to support the program socio-economic recovery and development takes effect. Accordingly, value added tax (VAT) for groups of goods and services currently subject to a 10% tax rate will be reduced to 8%.
However, according to Clause 1, Article 3 of Decree 15/2022/ND-CP, this policy is only valid until December 31, 2022. Therefore, from January 1, 2023, the VAT rate will return to the old tax rate of 10%. VAT tax See more: Answering questions about e-commerce floor taxes for sellers 3. Some questions about the tax rates F&B businesses must pay 3.1 What types of tax rates are there for the food service business? Fixed tax rate is a form of tax rate issued and licensed by a competent authority and has a fixed value and specified unit of calculation. For example: License tax, land tax,... Progressive tax rate is a form of tax rate that can change its value and, based on tax calculation, will gradually increase.
Because VAT is intended to be a tax on consumption, exports (by this definition to Saudi Arabia Telemarketing Data consumers abroad) are usually not subject to VAT or, alternatively, VAT to the exporter is refund (According to Wikipedia). 2. What is the value added tax (VAT) rate in 2023? From February 1, 2022, Decree 15/2022/ND-CP regulates tax exemption and reduction policies according to Resolution 43/2022/QH15 of the National Assembly on fiscal and monetary policies to support the program socio-economic recovery and development takes effect. Accordingly, value added tax (VAT) for groups of goods and services currently subject to a 10% tax rate will be reduced to 8%.
However, according to Clause 1, Article 3 of Decree 15/2022/ND-CP, this policy is only valid until December 31, 2022. Therefore, from January 1, 2023, the VAT rate will return to the old tax rate of 10%. VAT tax See more: Answering questions about e-commerce floor taxes for sellers 3. Some questions about the tax rates F&B businesses must pay 3.1 What types of tax rates are there for the food service business? Fixed tax rate is a form of tax rate issued and licensed by a competent authority and has a fixed value and specified unit of calculation. For example: License tax, land tax,... Progressive tax rate is a form of tax rate that can change its value and, based on tax calculation, will gradually increase.
