Chương 4 Nghị định 351-HĐBT: Giảm thuế - miễn thuế

Chapter IV

 REDUCTIONS OF AND EXEMPTIONS FROM TURNOVER TAX

Article 12

Consideration for exemption from or reduction of turnover tax shall take place as follows:

1. Exemption from the payment of turnover tax shall be considered in respect of:

(a) The elderly and disabled.

(b) Small traders who trade only in order to maintain a minimal living standard.

(c) Employees of the State who are paid the minimum award wage for their services.

2. Exemptions from, or reductions of, turnover tax shall be considered in respect of business establishments which suffer losses as a result of natural disasters, war, and other contingencies.

(a) Particular consideration shall be given where the value of losses incurred is between twenty (20) per cent and fifty (50) per cent of the establishment's expected taxable turnover for the year.

Any proposed reduction shall be considered by a tax office at the provincial level and in the event that it is approved, the reduction shall be for an amount which is proportionate to the loss incurred.

(b) Where the value of the losses incurred is greater than fifty (50) per cent of the establishment's expected turnover for the year, the consideration for tax exemption or reduction shall be undertaken by the General Department of Taxation.

Article 13

The following shall not, for the time being, be subject to turnover tax.

The activities of: printing the Nhan Dan and Quan Doi Nhan Dan newspapers and other specialty magazines; the traditional ensemble on Tuong, Cheo; puppet performance; traditional performance of dance and opera under the Ministry of Culture, Information, Sports and Tourism pursuant to the State Plan; radio and television broadcasting; tractors engaged in agricultural production; provision of meals in offices, enterprises, schools, and armed forces.

Provincial people's committees shall also consider and make decisions regarding the reduction of or exemption from turnover tax for certain important businesses managed by the local authority, particularly those located in mountainous regions and encountering difficulties, which are in need of State support in order to maintain their operations.

The Ministry of Finance shall make regulations on the reductions of and exemptions from turnover tax in respect of institutes, stations and farms performing general research and testing and farms breeding animals for the purpose of such research and testing, in order to reduce the amount of public funds allocated for scientific research.