Nội dung toàn văn Official Dispatch No. 904/CV-NHNN1 of September 23rd, 1999, Lending by Credit Institutions to customers to finance the VAT component in the total payment of material supply, goods and services
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STATE
BANK OF VIETNAM |
SOCIALIST
REPUBLIC OF VIETNAM |
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No. 904/CV-NHNN1 |
Hanoi, September 23rd , 1999 |
To: Credit Institutions
The State Bank's opinion on the lending by Credit Institutions to customers to finance the VAT component in the total payment of material supply, goods and services which is made to the supplier is as follows:
1. The provisions which provides that Credit Institutions shall not lend to finance "taxes to be paid" as stated in item a paragraph 2 Article 9 of the Regulation on lending by Credit Institutions to customers issued in conjunction with Decision No. 324/QD-NHNN1 dated 30 September, 1998 by the Governor of the State Bank shall apply to the lending by Credit Institutions to customers to finance the tax payment which is made directly to the State Budget.
2. The VAT component in the total payment of material supply, goods and services acquired which is made to the sellers by the customers shall not be subject to the restriction provided for in the above-mentioned provisions. The Credit Institutions shall consider, decide and take responsibility for the lending on the basis of ensuring the effectiveness and loan recovery.
The State Bank gives notice to the Credit Institutions for their knowledge and compliance.
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FOR
THE GOVERNOR OF THE STATE BANK |
