Nghị định 24/1998/ND-CP

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%"

"5. Manufacture and assembly of mechanical products: 2%"

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%

- Ice used in fishery; millcake, peanut cakes from the production of oil of various kinds 2%

- 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%

3. In Section III - The transport service, to amend and supplement Point 2 as follows:

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.