Chapter.4 Excise.Tax

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➢ Law No.106/2016/QH13 dated 6 th , April,2016 amending the Law of Excise Taxe No.27/2008/QH12 dated 14

November 2008, and 26/11/2014.

➢ Decree No.100/2016/NĐ-CP dated 1 st , July, 2016

amending and supplementing Decree

No.108/2015/NĐ-CP dated 28 th , October, 2015.

➢ Circular 130/2016/TT-BTC dated 12 th , August, 2016

amending and supplementing the Circular 195/2015/ BTC dated 24 th , November, 2015.

T-Chapter 4 – Excise Tax

➢ Excise Tax definition.

➢ Taxable & Non-Taxable Objects.

➢ Taxable price.

➢ Taxable bases.

➢ Taxable declaration.

➢ Taxabe deduction, reducetion, and refund.

➢ Accounting for Excise Tax

➢ Excise Tax calculating examples.

Excise Tax Definition

➢ Excise tax (ET) is an indirect tax on the consumption

of society, which is applied by many countries in the world.

➢ Reasons to apply ET:

- Imposing strongly on luxury goods, services or

consumer products that are not healthy;

- Pushing the development of production and

consumption according to the orientation of the State.

- Ensuring the stable source of revenue for the State’ s budget.

Taxable Objects

Production

activities

Services activities

12 commodity groups 6 commodity groups

Importing activities

Law No 70/2014/QH13 , dated 26 th , November, 2014

Non-Taxable Objects

➢ Goods which are not consumed in Vietnam.

➢ Social preferences and international practices.

➢ Adjustment for regulatory on taxable objects.

(Article 3 of Circular No.195/2015/TT-BTC dated

November 24, 2015)

Non-Taxable Objects

Export goods, except for cars of less than 24 seats sold to export-processing-enterprises;

Temporary export & re-import goods;

Goods sold at exhibitions abroad;

Humanitarian-aid goods or non-refundable-aid

Goods traded between non-tariff-areas;

Aircraft, yachts used for transportation of goods, passengers, tourism and used for security and

defense purposes

Vehicles used in amusement parks, recreation

centers, sports center which are not registered for traffic; and specialized vehicles

Taxable Price

1 + Thuế suất thuế TTĐB

Giá bán chưa thuế GTGT

Giá tính

thuế TTĐB =

Thuế bảo vệ môi trường

For Domestic producing goods (Hàng hoá sx trong

nước )

_

1 + ET rate

Sold price exclusive VAT

Taxable price of ET

Environmental Protection Tax _

=

Taxable Price

Giá tính

thuế TTĐB thuế NK Giá tính

Thuế nhập khẩu

Imported

tax

Taxable Price

1 + Thuế suất thuế TTĐB

Giá bán chưa thuế GTGT của cơ sở đưa gia công Giá tính

Taxable Price

1 + Thuế suất thuế TTĐB

Giá dịch vụ chưa thuế

GTGT Giá tính

thuế TTĐB =

For services activities (Đối với dịch vụ)

1 + ET rate

Service cost exclusive VAT Taxable

price of ET =

Taxable Price

Other case:

➢ For goods and services which are used for trade

discount, exchange, internal consumption or

donation: Taxable price is base on the market

prices exclusive VAT, or of the goods in the same kind, or equivalent on the market at the time of

occuring transaction.

➢ For internal-producing-goods, or internal-services

subject to ET shall include additional charge(s) (if any) in which the entity had received besides the sold price.

Taxable Base

ET calculation bases are the taxable prices and tax rates of goods & services.

Thuế TTĐB phải nộp

Giá tính thuế TTĐB

Thuế suất thuế TTĐB

ET payable

Taxable price of ET

ET rate

Kê Khai Thuế

Tax declaration:

➢ On monthly;

➢ On each time of occuring transaction;

➢ On each import.

Tax Reduction

➢ Taxpayers incur in difficulties due to natural

disasters or unexpectedly accidents

➢ The tax reduction is determined base on the

actual losses due to natural disasters or

unexpectedly accidents but must be not

exceed 30% of the payable tax amount of the losses’ year and shall not exceed the value

of the damaged property after being

compensated (if any)

Thuế TTĐB của 1 đơn vị

NVL

=

Số lượng TP thực tế tiêu thụ nội địa

ET

deduction

Raw material consumption normsly

ET on 1 unit of materials

=

The amount of finished products actually consumed domestically

Thuế TT

ĐB còn

phải nộp

Số thuế TTĐB phải nộp xuất kho tiêu thụ trong kỳ

Số thuế TTĐB đã nộp ở khâu nguyên liệu mua vào tương ứng với số hàng xuất kho tiêu thụ trong kỳ

=Tax Deduction

period

=

Tax Refund

➢ Goods temporarily imported for re-export.

➢ Raw materials imported to produce, processing export goods are refunded corresponding to the number of materials used to produce the actual export goods.

➢ Upon the merger, splitting, dissolution, bankruptcy, transformation of ownership, assignment, sale, contracting or lease state-own-company.

➢ Fowllowing the decision of authorities; International treaties to which Vietnam is a member;

➢ The amount of ET already paid is greater than the payable amount.

Accounting for Excise Tax

➢ Khi xác định số thuế tiêu thụ đặc biệt phải nộp của hàng hoá và

dịch vụ đã tiêu thụ trong kỳ, KT ghi:

Nợ TK 511 - Doanh thu bán hàng và cung cấp dịch vụ

Nợ TK 512 - Doanh thu bán hàng nội bộ

Có TK 3332 - Thuế tiêu thụ đặc biệt.

➢ Khi xác định số thuế tiêu thụ đặc biệt phải nộp của hàng hoá nhập

khẩu , KT ghi:

Nợ các TK 152, 156, 211, 611, .

Có TK 3332 - Thuế tiêu thụ đặc biệt.

➢ Khi nộp thuế tiêu thụ đặc biệt vào Ngân sách Nhà nước, KT ghi:

Nợ TK 3332 - Thuế tiêu thụ đặc biệt

Có các TK 111, 112, .

ET Calculating Examples

Example 1: Nam Hai store has been produced

goods subject to ET In 2017, the store produced 1,500 units with the price of 1,200,000 VND/unit (VAT excluded)

Requirement: Calculate ET payable? Assuming the ET rate is 45%

ET Calculating Examples

Example 2: Nam Hai Company imported 20,000 liters of

raw liquor with a CIF price of 50,000VND/liter, import tax rate of 50%, ET of 40% Later, the Company took 15,000 liters of raw liquor out of the warehouse to produce 30,000 bottles of wine.

END OF CHAPTER

Chapter 4 –

Excise Tax