Decision No. 1079-TC/QĐ/TCT stipulates the collection of tax on interest from government bonds and other types of bonds and stocks. Individuals purchasing treasury bonds are not required to pay tax, while economic organizations and businesses must pay tax as prescribed by Law.
Scope of application
Individuals purchasing treasury bonds; associations, mass organizations, economic organizations, enterprises under all forms of ownership.
Key points
- Individuals purchasing treasury bonds → not required to pay tax
- Associations, mass organizations, economic organizations, enterprises → must pay tax as prescribed by Law
- This decision takes effect from the date of issuance, abolishing previous regulations inconsistent with this decision.
- Bonds and bills issued and extended before the date of this decision → exempted from tax according to their issuance or extension periods
🌐 Social impact of this document
- Positive impact: Reduces the tax burden for individuals purchasing treasury bonds.
- Negative impact: Increases tax costs for economic organizations and enterprises.
❓ Frequently asked questions
Do individuals purchasing treasury bonds have to pay tax?
No, individuals purchasing treasury bonds are not required to pay tax under this decision.
How much tax do enterprises and economic organizations need to pay when purchasing bonds?
According to Law, enterprises and economic organizations must pay tax when receiving interest from bonds as prescribed by law.
When does this decision take effect?
This decision takes effect from the date of issuance, abolishing previous regulations inconsistent with this decision.
Are bonds issued and extended before this decision subject to tax?
Bonds and bills issued and extended before the date of this decision are exempted from tax according to their issuance or extension periods.
Who is responsible for implementing this decision?
The Director General of the State Revenue总局，国家金库总署署长，财政部办公厅主任和购买国库券的主体负责执行此决定。
Full text
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MINISTRY OF FINANCE ___________ |
SOCIALIST REPUBLIC OF VIETNAM ___________________ |
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Number: 1079-TC/QĐ/TCT |
Hanoi, November 21, 1996 |
Pursuant to …;
Regarding the collection of tax on government bonds and other types of bonds and stocks
______________________________________
THE MINISTER OF FINANCE
Based on the Income Tax Law and the Law amending and supplementing certain Articles of the Income Tax Law.
Based on Decree No. 72/CP dated July 26, 1994 of the Government on the issuance regulations for various types of government bonds.
Based on Decree No. 120/CP dated September 17, 1994 of the Government "Issuing Interim Regulations on the Issuance of Bonds and Stocks of State-Owned Enterprises."
Based on Decision No. 445/TTg dated August 23, 1994 of the Prime Minister regarding the issuance of promissory notes by the State Bank.
Based on Decree No. 05/CP dated October 20, 1995 of the Government detailing the implementation of the High-Income Income Tax Ordinance.
At the proposal of the Director General of the General Department of Taxation.
Pursuant to …;
Article 1. Interest from treasury bonds purchased by individuals is exempt from taxation to the State Budget.
All entities including mass organizations, economic organizations, and enterprises of all economic sectors must pay taxes according to the Law.
Article 2. This Decision takes effect from the date of signing, all previous provisions contrary to this Decision are abolished.
Bonds and promissory notes issued and extended before the effective date of this Decision shall be exempt from tax according to their issuance or extension period.
Article 3. The Director of the General Department of Taxation, the Director of the State Treasury, the Head of the Ministry of Finance's Office, and the subjects purchasing State Treasury Bonds are responsible for implementing this Decision.
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THE MINISTER |
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(Signed) |
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Nguyen Sinh Hung |
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