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THE
GOVERNMENT
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SOCIALIST
REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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No. 24/1998/ND-CP
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Hanoi, May 04,
1998
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DECREE
AMENDING AND
SUPPLEMENTING TURNOVER TAX RATES FOR A NUMBER OF PRODUCTS AND BUSINESS LINES
THE GOVERNMENT
Pursuant
to the Law on Organization of the Government of September 30, 1992;
Pursuant to the Law on Turnover Tax of June 30, 1990, the Law Amending and
Supplementing a Number of Articles of the Law on Turnover Tax of July 5, 1993;
Pursuant to Resolution No. 47/1998/NQ-UBTVQH10 of March 25, 1998 of the
National Assembly Standing Committee on the amendment and supplement to
turnover tax rates for a number of products and business lines;
Pursuant to Decree No. 96-CP of December 27, 1995 of the Government detailing
the implementation of the Law on Turnover Tax of June 30, 1990, the Law
Amending and Supplementing a Number of Articles of the Law on Turnover Tax;
At the proposal of the Minister of Finance,
DECREES:
Article
1.- To amend and supplement several turnover tax rates in the Turnover Tax
Table issued together with Decree No. 96-CP of December 27, 1995 of the
Government detailing the implementation of the Law on Turnover Tax of June 30,
1990, the Law Amending and Supplementing a Number of Articles of the Law on
Turnover Tax as follows:
1. In Section 1- Production branches: To amend
Points 4, 5, 6, 12, 13 and 15 as follows:
"4. Metal refinery, rolling, and drawing and
coke refinery: 2%"
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Particularly:
- Machinery, equipment, tools, means of
transport and spare parts as well as components thereof; manufacture of steel
products: electricity poles, bridges and complete warehouse structures: 1%
- Washing machines, air-conditioners,
refrigerators, vacuum cleaners, dehumidifiers, water heaters, gas stoves,
automobiles of 24 seats or less 4%
"6. Manufacture and assembly of electronic
products 4%"
"12. Food grinding, husking and processing:
2%
Particularly, instant noodles 4%"
"13. Production and processing of foodstuff
(including tobacco, shred tobacco, waterpipe tobacco, methylated alcohol,
coffee, glutamate, sugar, confectionery...) 6%
Particularly:
- Salt 0.5%
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- Crude sugar, mollas sugar and refined sugar
produced from crude sugar or mollas sugar 4%
- Soup seasoning, sauce of various kinds,
vegetable oils, tea, milk of various kinds 4%
- Soft drinks and other refreshments 8%
Point 15:
"a/ Yarn of various kinds (including wool
yarn for carpetry, jute yarn, silk, rush, synthetic yarn), sewing thread 2%
Particularly, wool yarn 4%
2. In Section II - The construction industry, to
amend and supplement Point 1 as follows:
"1. Construction and installation
activities, survey, designing and other activities in the construction industry
4%
Particularly, construction activities which do
not involve the subcontracted supply of materials and raw materials 6%
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Particularly, wool yarn 4%
"2. Transportation of passengers, baggage,
and air transport (including passengers, baggages and cargo) 4%
Particularly, inner-city transportation of
passengers by bus 0%"
4. In Section IV - Service, to add the following
Item K to Point 16:
"k/ Dealing in electronic games 10%"
Article 2.-
This Decree takes effect from April 1, 1998. All previous provision which are
contrary to this Decree are hereby annulled.
The Minister of Finance shall guide the
implementation of this Decree.
The ministers, the heads of the
ministerial-level agencies and agencies attached to the Government and the
presidents of the People's Committees of the provinces and cities directly
under the Central Government shall have to implement this Decree.
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THE GOVERNMENT
DEPUTY PRIME MINISTER
Nguyen Tan Dung