Circular No. 02/1998/TT-BTC guides the exemption of turnover tax for fresh food items during the Lunar New Year (Tet) Year of the Tiger from January 8, 1998 to March 8, 1998, applicable to businesses transporting food for consumption in cities, towns, townships, and industrial zones.
Scope of application
Businesses transporting food for consumption in cities, towns, townships, and industrial zones.
Key points
- From January 8, 1998 to March 8, 1998, businesses transporting fresh food items are exempted from turnover tax and income tax at the distribution stage.
- Fresh food items include live pigs, chickens, ducks; chicken meat, duck meat, pork, beef, buffalo meat, fish, shrimp, and green vegetables for daily meals, which fall under the tax exemption.
- Processed food items do not fall under the tax exemption.
- Fixed business establishments must still pay turnover tax and income tax according to current regulations.
🌐 Social impact of this document
- Positive impact: Reducing the tax burden on businesses transporting fresh food items during the Lunar New Year (Tet) Year of the Tiger, helping to lower product costs and increase access to fresh food for the public.
- Negative impact: Fixed business establishments are not exempted from taxes, which may impose additional costs on these enterprises.
❓ Frequently asked questions
Which entities are eligible for tax exemption?
Businesses transporting fresh food items for consumption in cities, towns, townships, and industrial zones from January 8, 1998 to March 8, 1998 are exempted from turnover tax and income tax at the distribution stage.
What types of food items are eligible for tax exemption?
Fresh food items include live pigs, chickens, ducks; chicken meat, duck meat, pork, beef, buffalo meat, fish, shrimp, and green vegetables for daily meals, which fall under the tax exemption.
Are fixed business establishments eligible for tax exemption?
No, fixed business establishments dealing with food items specified in Point 1 must still pay turnover tax and income tax according to current regulations.
What is the duration of the tax exemption?
The tax exemption applies from January 8, 1998 to March 8, 1998.
Are processed food items eligible for tax exemption?
No, processed food items that have been transformed into other products do not fall under the tax exemption.
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 02/1998/TT-BTC |
Hanoi, January 5, 1998 |
CIRCULAR
Guidelines for exempting turnover tax on food items during the Tet holiday
trong dịp Tết Nguyên đán
Implementing Directive No. 1184/1997/CT-TTg dated December 31, 1997 of the Prime Minister on organizing the Tet holiday of the Year of the Tiger.
The Ministry of Finance provides guidelines for exempting turnover tax and business income tax at the trading stage (turnover tax) for the transportation of food items as follows:
1/ From January 8, 1998 to March 8, 1998, business entities transporting food items for consumption in cities, towns, townships, and industrial zones shall be exempt from turnover tax and business income tax on fresh food items including live pigs, chickens, ducks; chicken meat, duck meat, pork, beef, buffalo meat, fish, shrimp, and green vegetables serving daily meals.
Processed products of the aforementioned food items do not fall within the scope of the exemption.
2/ Fixed business establishments dealing with food items as specified in point 1 above still pay turnover tax and business income tax according to current regulations.
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Vu Mong Giao (Signed) |
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