Joint Circular No. 10-TT-LB provides temporary regulations on payment to the state budget for agricultural tax collected in the form of rice and other grains.

JOINT CIRCULAR

PROVISIONAL REGULATIONS ON SETTLEMENT WITH THE STATE BUDGET OF AGRICULTURAL TAX IN KIND AS RICE AND OTHER GRAINS
Pursuant to Decision No. 164-CP dated October 31, 1963 of the Council of Ministers increasing the purchase price of grains from the 1963 harvest season, Circular No. 01-TT-LB dated January 3, 1964 of the Ministry of Finance and National Grain and Foodstuffs Administration stipulated that: "The price for settlement of the purchase and sale of rice for agricultural tax between financial agencies and grain agencies to be submitted to the state budget shall be the standard polished rice grade I price set by the National Grain and Foodstuffs Administration at each locality. In provinces with two pricing zones, the rice collected in which zone will be settled according to the standard polished rice grade I price of that zone."

With such a settlement method, the state budget annually collects additional revenue from the increased selling price of agricultural tax rice while having to allocate a large amount of money to subsidize the foodstuff sector (losses due to purchasing at high prices and selling at lower stable prices).

To address this unreasonable situation, after obtaining government approval, the Ministry of Finance and National Grain and Foodstuffs Administration have decided to adjust the settlement price of rice and other agricultural tax grains as follows:

1. For the central budget, provincial and city budgets, starting from the 1963 harvest season, financial and grain agencies shall settle rice and other agricultural tax grains at a fixed and unified national price of 225 dong per ton (two hundred twenty-five dong per ton), without distinction between early or late rice.

2. For village budgets, 13% of agricultural tax continues to be settled at the new purchase price applicable to each region, from the locality (around 270 dong per ton of rice).3. Corn, various types of glutinous rice, premium rice, sticky rice, pumpkins, etc., rice from regions affected by natural disasters, generally all types of rice and grains collected as agricultural tax, regardless of whether their value is higher or lower than the standard polished rice value, shall be settled:

a) For the state budget: At a fixed and unified national price of 225 dong per ton, without distinction between early or late rice.

b) For village budgets: At the current purchase price applicable to each region and locality.

The above regulations only apply to the settlement between financial and grain agencies regarding rice and agricultural tax grains, whereas for rice collected as debt, water management fees, rice paid for tractor and pump services, etc., settlement shall continue to follow Circular No. 01-TT-LB dated January 3, 1964 (considered as purchased rice, i.e., according to the current purchase price).

For households and cooperatives that overpaid agricultural tax in previous seasons, the excess tax paid or deducted from the current tax payable, or refunded in cash, shall be borne by the financial agency at 0.225 dong per kilogram, and the grain agency at 0.045 or 0.055 dong per kilogram, which is the difference between the new purchase price of 0.270 to 0.280 dong and the fixed price of 0.225 dong per kilogram.

In the collection of tax in cash and the recovery of underpaid tax in cash, Circular No. 01-TT-LB dated January 3, 1964 shall still be applied, i.e., according to the current directed purchase price in each region and locality.

This circular amends and supplements Circular No. 01-TT-LB dated January 3, 1964. Any provisions in Circular No. 01-TT-LB contrary to the spirit of this circular are hereby abolished.

Localities that have settled according to the current purchase price or quickly settled during the tax collection process at a temporarily agreed price between the financial and grain agencies must now settle according to this circular.

The adjustment settlement for the winter 1963 season between the financial and grain agencies must be completed no later than May 31, 1964 before the commencement of the summer 1964 harvest.

The provinces that have paid according to the current purchase price, or have made quick payments during the tax collection process with a temporarily agreed price between the two financial and food departments, must now make payments again in accordance with this circular.

The adjustment payment for the 1963 winter crop between the two financial and food departments must be completed no later than May 31, 1964, before the collection of the 1964 summer crop begins.