Directive No. 01/1999/CT-BXD On the Implementation of New Tax Laws

DIRECTIVE

VRegarding the implementation of new tax laws

The Ninth National Assembly, at its eleventh session, passed the Value Added Tax Law, the Corporate Income Tax Law, and other new tax laws to be implemented from January 1, 1999. The implementation of these new tax laws is a novel task with many difficulties and complexities, especially in the context of significant economic changes both domestically and internationally, requiring all units under the Ministry to implement them urgently and positively to fulfill their tasks.

Based on the purpose and requirements for implementing the new tax laws pursuant to Directive No. 44-CT/TW dated November 4, 1998 of the Politburo on strengthening Party leadership in the implementation of the Value Added Tax Law and other new tax laws, and Directive No. 41/1998/CT-TTg dated December 17, 1998 of the Prime Minister on continuing to organize the implementation of new tax laws, the Minister of Construction requests the Steering Committee for Implementing New Tax Laws of the Ministry of Construction, the General Corporations, Companies, and other units managed by the Ministry to immediately carry out the following tasks:

1. The Steering Committee for Implementing New Tax Laws of the Ministry of Construction shall be responsible for:

a) Urgently studying and submitting to the Ministry for issuance of Circulars guiding the preparation of project budgets for construction works according to the Value Added Tax Law and the Corporate Income Tax Law.

b) Establishing working groups to grasp and inspect the implementation of new tax laws in units under the Ministry's management.

c) Inspecting and providing specific guidance to units under the Ministry's management on recording invoices and documents, determining deductible input VAT or refundable VAT, accounting for various new taxes; tax declaration and payment into the State Treasury.

d) Closely monitoring the implementation of new tax laws, resolving issues arising during the implementation of new tax laws and subordinate regulations for units under the Ministry's management within its authority. In cases exceeding its authority, it must report and propose solutions to the permanent office of the Government's Steering Committee located at the Ministry of Finance for handling.

đ) Directing and participating in units' efforts to reorganize production and business, developing production and business plans for 1999 and subsequent years, plans for shareholding reform and diversification of state ownership, technological innovation, enhancing management capacity, organizing material supply, capital expenditure, cost control, pricing, and handling input and output prices in line with market mechanisms, assisting units in effectively implementing new tax laws.

e) Inspecting units under the Ministry's management regarding measures to stabilize prices, such as reviewing costs, calculating and handling reasonable selling prices, strengthening production cost and service circulation cost management, intensifying price display and sale according to displayed prices inspection. Monitoring market price trends to assist units in balancing supply and demand, planning to reallocate goods from surplus areas to shortage areas without sudden price increases.

f) Having a permanent office at the Department of Finance to promptly address issues raised by units.

2. General Corporations, Companies, and units under the Ministry's management shall be responsible for:

a) Organizing dissemination and study sessions for all staff of the unit on the purpose, significance, and content of new tax laws to strictly comply with legal provisions.

b) Reviewing production and business plans, investment plans for technological innovation, consumption quotas for materials and labor, proposing cost-saving measures, building cost structures, ensuring full tax payments without increasing prices.

c) Improving financial accounting systems, strictly implementing accounting, usage, and management of invoices and documents to clearly reflect output VAT generated, deductible input VAT, VAT still deductible, VAT payable, paid, and yet to be paid; VAT refunds and reductions. Accurately reflecting taxable revenue, allowable expenses, taxable income, corporate income tax payable, paid, and yet to be paid; corporate income tax exemptions and reductions as prescribed by law. Voluntarily calculating, declaring, and paying taxes through the State Treasury according to tax authorities' notifications.

d) Reorganizing internal goods circulation management within and between units within the Corporation and Company, ensuring invoices and documents are complete, including clear selling prices, VAT, and payment amounts as bases for determining VAT payable at the Corporation, Company, and subordinate units.

đ) Reviewing internal regulations, particularly consumption regulations, intensifying inspections and controls over sales outlets and agents of the unit, preventing unauthorized price increases by outlets and agents that affect the market and the unit's production and business operations.

e) Promptly reporting unit difficulties and issues arising from the application of new tax laws to the Ministry of Construction's Steering Committee for timely resolution.

f) Reporting every ten days to the Steering Committee for Implementing New Tax Laws of the Ministry of Construction on the progress and difficulties encountered during the implementation of new tax laws.

3. The Steering Committee for Implementing New Tax Laws shall coordinate with the Construction Newspaper to regularly publish articles and news reports on the implementation of new tax laws by units under the Ministry's management.

The Minister of Construction requests General Corporations, Companies, units under the Ministry's management, and relevant Ministry agencies to immediately implement assigned tasks, ensuring effective implementation of new tax laws./.