A reader asked: "My business household is in the business of repairing and trading mobile phones. When I buy back an old customer's phone, what documents are required? If there is a tax arising through the agreement, I am responsible for declaring and paying taxes on behalf of the customer, so what taxes do I have to pay?
Khanh Hoa Tax Department has issued a document responding to and guiding the business household's question as follows:
1. In case a business household pays tax under the contract method:
Business households do not have to implement the accounting, annual tax declaration and tax payment according to the deadline stated on the Tax Department's Payment Notice, as prescribed in Clause 4, Article 7 of Circular No. 40/2021/TT-BTC dated June 1, 2021 of the Ministry of Finance guiding Value Added Tax, Personal Income Tax and tax management for business households and individual businesses.
2. In case the business household pays tax according to the declaration method:
Business households that pay for the purchase of assets of individuals who do not do business directly for sale shall be issued a List of Forms No. 01/TNDN issued under Circular 78/2014/TT-BTC, accompanied by payment documents as prescribed in Article 4 of Circular 96/2015/TT-BTC.
Business households shall declare taxes according to the provisions of Clause 2, Article 5 of Circular 40 and implement accounting, invoice and document regimes according to the provisions of Circular 88/2021/TT-BTC guiding accounting regimes for business households and individual businesses.
