DECREE No. 24/1998/ND-CP OF MAY 4, 1998 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.
On behalf of the Government
For the Prime Minister
Deputy Prime Minister
NGUYEN TAN DUNG