Decree No. 108/2002/ND-CP On the abolition of the provision for deducting input VAT at a percentage rate for certain goods and services

DECREE

DECREE NO. 108/2002/NĐ-CP OF THE GOVERNMENT ON DELETING THE PROVISIONS ON INPUT VAT DEDUCTION AT A RATE (%) FOR CERTAIN GOODS AND SERVICES 

THE GOVERNMENT

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the Law on Value Added Tax No. 02/1997/QH9 dated May 10, 1997;

Pursuant to Point 2, Section II of Resolution No. 09/2002/QH11 dated November 28, 2002 of the National Assembly, Session XI, Second Meeting on the State Budget for the year 2003;

At the proposal of the Minister of Finance,

DECREE:

Article 1. Abolish the provisions on input VAT deduction at a rate (%) calculated based on the price of purchased goods and services, except for goods subject to special consumption tax, where commercial businesses applying the VAT deduction method deduct input VAT from domestic production enterprises for resale, as stipulated in:

1. Point d, Clause 1 and Point c, Clause 2, Article 9 of Decree No. 79/2000/NĐ-CP dated December 29, 2000 of the Government detailing the implementation of the Law on Value Added Tax.

2. Clause 3, Article 1 of Decree No. 76/2002/NĐ-CP dated September 13, 2002 of the Government amending and supplementing certain articles of Decree No. 79/2000/NĐ-CP dated December 29, 2000 of the Government detailing the implementation of the Law on Value Added Tax.

3. Article 1 of Decree No. 95/2002/NĐ-CP dated November 11, 2002 of the Government amending and supplementing Clause 3, Article 1 of Decree No. 76/2002/NĐ-CP dated September 13, 2002 of the Government amending and supplementing certain articles of Decree No. 79/2000/NĐ-CP dated December 29, 2000 of the Government detailing the implementation of the Law on Value Added Tax.

Article 2. This Decree takes effect from January 1, 2003.

Article 3. The Minister of Finance shall guide the implementation of this Decree.

Article 4. The Ministers, Heads of ministerial-level agencies, Heads of government agencies, Chairpersons of People's Committees of provinces and centrally governed cities are responsible for implementing this Decree./.