Nội dung toàn văn Official Dispatch No. 13571/BTC-CST of November 12, 2008, Business Income Tax incentives
THE MINISTRY OF FINANCE | SOCIALIST REPUBLIC OF VIETNAM |
No. 13571/BTC-TCT | Hanoi, November 12, 2008 |
To: Tax Offices of provinces and centrally run cities
The Ministry of Finance has received Official Letters of some Provincial Tax Offices and enterprises, inquiring about Business Income Tax incentives for construction activities. Regarding this issue, the Ministry of Finance gives the following opinions:
Pursuant to the principals on classification of economic branches issued together with Decision No. 143-TCTK/PPCD of December 22, 1993, of the General Director of Statistics, construction is material production activity. Therefore, construction establishments are entitled to tax incentives like production enterprises under the Law on Business Income Tax and the Law on Promotion of Domestic Investment. In the course of implementation of policies, the Ministry of Finance issued Official Letter No. 2911-TC/TCT of July 19, 2000, guiding localities in uniform implementation nationwide.
On January 23, 2007, the Prime Minister issued Decision No. 10/2007/QD-TTg on classification of economic branches, which replaces the previous regulations on classification of economic branches. On basic principles, the 2007 system of classification of economic branches has no considerable change compared the 1993 one. The construction branch coded F is still one of six material production branches. Therefore, construction establishments founded on or after the effective date of Decision No. 10/2007/QD-TTg will continue enjoying Business Income Tax incentives like production establishments under Article 36 of Decree No. 164/2003/ND-CP of December 22, 2003, and Article 35 of the Government’s Decree No. 24/2007/ND-CP of February 14, 2007.
The Ministry of Finance informs Provincial Tax Offices for information.
| FOR THE MINISTER OF FINANCE |
