THE GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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No:
182-CP
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Hanoi,
November 10, 1994
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DECREE
PROVIDING DETAILS FOR THE IMPLEMENTATION OF
RESOLUTION No. 216-NQ/UBTVQH9 ON THE 30TH OF AUGUST 1994 OF THE STANDING
COMMITTEE OF THE NATIONAL ASSEMBLY ON AMENDING AND SUPPLEMENTING TURNOVER TAX
RATES FOR A NUMBER OF OCCUPATIONS IN THE TURNOVER TAX TABLE.
THE GOVERNMENT
Pursuant to the Law on Organization of the Government on the 30th of
September 1992;
Pursuant to the Law on Turnover Taxes passed by the VIIth National Assembly on
the 30th of June 1990; the Law on the Amendment and Supplementation of a Number
of Points in the Law on Turnover Taxes passed by the IXth National Assembly on
the 30th of June 1990; the Law on the Amendment and Supplementation of a Number
of Points in the Law on Turnover Taxes passed by the IXth National Assembly on
the 5th of July 1993, and resolution No.216-NQ/UBTVQH9 on the 30th of August
1994 of the Standing Committee of the National Assembly;
At the proposal of the Minister of Finance.
DECREE:
Article 1.- To amend and
supplement a number of points in the Turnover Tax Table issued together with
Decree No.55-CP on the 28th of August 1993 of the Government which provides
details for the implementation of the Law on Turnover Taxes and the Law on the
Amendment and Supplementation of a Number of Points in the Law on Turnover
Taxes as follows:
PART I - PRODUCTION BRANCHES:
6. Production and assembly of
electronic products: 8%
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7- Chemical products: 4%
Except:
- Basic chemicals, fertilizer:
1%
- Insecticides and other
chemicals for agricultural production: 0.5%
- Luboils and grease: 2%
9- Construction materials,
including clinker: 5%
Except:
- Cement:
+ From P300 upwards: 10%
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- Concrete: 3%
12- Paper and paper products:
a/ Assorted paper: 2%
Except: wood pulp, newsprint,
writing paper: 1%
b/ Paper products: 4%
18- Fiber, textiles, cotton:
a/ Assorted fibers (including
woolen thread for carpet, jute, silk and sedge fibers), thread: 2%
Except: woolen thread, synthetic
fiber: 4%
b/ Assorted textiles: 5%
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c/ Home-grown, semi-processed
cotton: 1%
22- Printing and publication:
a/ Printing and publishing
political books, text-books, scientific and technical books, children's books,
books and newspapers in the languages of ethnic minorities: 0%
b/Printing and publishing
assorted newspapers: 0,5%
c/ Printing and publishing
assorted books: 1%
d/ Producing and distributing
films, music cassettes, video-cassettes, laser discs:
- Producing and distributing
films: 1%
Except: documentary films, films
on revolutionary themes, children's themes, and scientific themes: 0%
- Producing recorded music
cassettes, video-cassettes and laser discs: 1%
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24.- Physical training and sport
equipment, musical instruments and spare-parts: 1%
PART IV - COMMERCE:
9- Dealing in foreign
currencies, real estate:
a/ Dealing in foreign
currencies: 0.5%
b/ Dealing in real estate
(including building houses for sale): 4%
PART VI - SERVICES:
15- Special services:
a/ Dancing: 30%
b/ Horse racing: 20%
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As for mountain areas: 20%
d/ Shipping agents: 40%
e/ Transport brokerage and other
brokerages: 15%
g/ Renting golf courses: 20%
Article 2.- To stipulate in
detail the application of a number of turnover tax rates amended or
supplemented as mentioned at Article 1:
1. A turnover tax rate of 4% for
the production and assembly of specialized electronic machines and equipment,
including:
- Producing and assembling
specialized electronic equipment for telephone, wireless, wireless telegraphy,
wireless radio broadcasting and television broadcasting.
- Producing and assembling radar
equipment.
- Producing and assembling
electronic equipment for telephone, wire telegraphy, including equipment for transmission
lines.
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- Producing and assembling
signal audio-visual electronic equipment such as sirens, traffic signal boards,
protection systems, fire fighting equipment...
- Producing systems of
electronic equipment for installation in industrial machines or workshops
(modernized by electronic equipment).
- Producing and assembling
specialized, synchronized electronic equipment with conventional electronic
machines and equipment attached.
2. A turnover tax rate of 3% for
the production of concrete, including concrete for building houses, workshops,
roads, bridges and sluices, sea and air ports, and other pre-fab concrete
slabs...
3. A turnover tax rate of 1% for
the semi-processing of home-grown cotton, including ginning seeded cotton and
sorting out unseeded cotton.
4. The turnover to be taxed in
golf course rental includes all the money collected from the issue of
membership cards, the sale of admission tickets, the sale of single tickets for
playing golf, the rental of golf kits (clubs, balls, shoes, clothes...), the
hire of coaches and servants in playing golf...
With regard to other services at
the golf course, they are liable to turnover tax rates according to each branch
of business. In case a business conducts many forms of activities, and if the
turnovers from these activities cannot be separated, the highest tax rate for
each occupation shall be used to calculate the total turnover tax.
Article 3.- This Decree takes
effect as from the 1st of September 1994.
The Minister of Finance is
responsible for guiding the implementation of this Decree.
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ON BEHALF OF THE GOVERNMENT
FOR THE PRIME MINISTER
DEPUTY PRIME MINISTER
Phan Van Khai