This Decree promulgates the Law amending and supplementing certain articles of the Value Added Tax Law, which was passed at the third session of the Eleventh National Assembly on June 17, 2003.
Key points
- Enterprises and individuals engaged in business operations → must comply with the new provisions on value added tax in the amended and supplemented Law.
🌐 Social impact of this document
- Positive impact: Reducing the tax burden on enterprises through adjustments to the provisions on value added tax.
- Negative impact: Time is required for enterprises and individuals engaged in business operations to adapt to the new changes, which may cause initial difficulties.
❓ Frequently asked questions
When does this Law take effect?
The Law amending and supplementing certain articles of the Value Added Tax Law was passed on June 17, 2003, and took effect immediately thereafter.
What should enterprises do to comply?
Enterprises must comply with the new provisions on value added tax in the amended and supplemented Law. It is necessary to update information and adjust accounting and tax records accordingly.
Are there any new tax rates?
This document does not specifically mention new tax rates, only announcing the amendment and supplementation of certain articles of the Value Added Tax Law.
Who are the affected parties?
Enterprises and individuals engaged in business operations are directly affected by the new provisions on value added tax in the amended and supplemented Law.
Does this Law take effect immediately upon promulgation?
Yes, the Law amending and supplementing certain articles of the Value Added Tax Law was passed on June 17, 2003, and took effect immediately thereafter.
Full text
ORDER OF THE STATE PRESIDENT
Regarding the promulgation of the Law amending and supplementing certain Articles
Amending and supplementing Clause 1 of Article 7 of Decree No. 158/2003/NĐ-CP dated December 10, 2003 of the Government detailing the implementation of the Law on Value Added Tax and the Law amending and supplementing certain provisions of the Law on Value Added Tax as follows:
CHAIRMAN NƯỚC SOCIALIST REPUBLIC OF VIET NAM VI体制机制物质技术条件、人力资源报告（根据2016年7月1日第105/2016/NĐ-CP号政府决议附表02规定，该决议对计量器具和测量标准的检定、校准、检测活动条件进行了规定，并经2018年第154/2018/NĐ-CP号决议第二条第十二条修正）d.1. Amount of taxable income in Vietnam: YEAR
Pursuant to Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam dated 1992, amended and supplemented by Resolution No. 51/2001/QH10 of December 25, 2001 of the Tenth National Assembly, tenth session,
Pursuant to Article 91 of the Organization Law of the National Assembly
Pursuant to Article 50 of the Law on Legislative Documents,
THE ANNOUNCE:
The Law amending and supplementing certain provisions of the Value Added Tax Law.
Was passed by the National Assembly of the Socialist Republic of Vietnam, 11th Session, third meeting, on June 17, 2003./.
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