Decision No. 1079-TC/QD/TCT stipulates the collection of tax on interest from government bonds and other types of bonds and shares. This document determines that individuals purchasing treasury bonds are exempt from taxation, while economic organizations and enterprises of all ownership forms must pay taxes in accordance with the Law.
Scope of application
Individuals, associations, mass organizations, economic organizations, and enterprises of all ownership forms purchasing government bonds or other types of shares.
Key points
- Individuals purchasing treasury bonds are exempt from tax (Article 1).
- Economic organizations and enterprises of all ownership forms must pay tax on interest from government bonds and other types of bonds in accordance with the Law (Article 1).
- Government bonds, promissory notes issued or extended before the effective date of this Decision are exempt from taxation according to their issuance or extension period (Article 2).
🌐 Social impact of this document
- Individuals purchasing treasury bonds benefit from tax exemption, reducing financial burden.
- Economic organizations and enterprises are affected by the obligation to pay taxes on interest from government bonds.
- The State budget receives additional revenue from taxing economic organizations and enterprises.
❓ Frequently asked questions
Do individuals purchasing treasury bonds have to pay tax?
No, individuals purchasing treasury bonds do not need to pay tax (Article 1).
How are economic organizations responsible for paying taxes on interest from government bonds?
Economic organizations and enterprises of all ownership forms must pay taxes in accordance with the Law (Article 1).
Are government bonds issued before this Decision takes effect subject to taxation?
No, government bonds or promissory notes issued or extended before the effective date of this Decision are exempt from taxation according to their issuance or extension period (Article 2).
Full text
| NATIONAL ASSEMBLY OFFICE |
DECISION
OF THE MINISTER OF FINANCE NUMBER 1079 TC/QĐ/TCT ON NOVEMBER 21, 1996 REGARDING TAXATION FOR GOVERNMENT BONDS AND OTHER TYPES OF BONDS AND SHARES
DECREE No. 11 IN 1996 ON TAXATION OF GOVERNMENT BONDS AND OTHER TYPES OF BONDS AND SHARES
Article 2.-
THE MINISTER OF FINANCE
Pursuant to the Income Tax Law and the Law amending and supplementing certain Articles of the Income Tax Law.
Pursuant to Decree No. 72/CP dated July 26, 1994 of the Government on promulgating regulations for issuing various types of government bonds.
Pursuant to Decree No. 120/CP dated September 17, 1994 of the Government "Issuing Interim Regulations on Issuance of Bonds and Shares by State-Owned Enterprises."
Pursuant to Decision No. 445/TTg dated August 23, 1994 of the Prime Minister regarding issuance of bills by the State Bank.
Pursuant to Decree No. 05/CP dated October 20, 1995 of the Government detailing implementation of the Income Tax Ordinance for high-income individuals.
At the proposal of the Director General of the General Department of Taxation.
DECISION
Article 1.- Interest from government bonds purchased by individuals is exempt from tax to the State budget.
Organizations, associations, economic entities, and enterprises of all forms must pay taxes in accordance with the Law.
Article 2.- This Decision takes effect from the date of issuance; any previous regulations inconsistent with this Decision are repealed.
Bonds and bills issued or extended before the effective date of this Decision shall be exempt from tax for the period of issuance or extension.
Article 3.- The Director General of the General Department of Taxation, the Director General of the State Treasury, the Head of the Ministry of Finance's Office, and entities purchasing government bonds are responsible for implementing this Decision.
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