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