Decree No. 18/2003/L-CTN promulgates the Law on Corporate Income Tax which was passed by the National Assembly, tenth session, third meeting on June 17, 2003. This document stipulates corporate income tax and applies to economic organizations.
Scope of application
Economic organizations operating within the territory of Vietnam.
Key points
- Economic organization → shall pay corporate income tax in accordance with the provisions of the Law on Corporate Income Tax.
🌐 Social impact of this document
- Enterprises will bear the burden of tax costs, but at the same time have opportunities for economic development through compliance with tax laws.
- Citizens are not directly affected by this document.
❓ Frequently asked questions
How much corporate income tax must enterprises pay?
The Law on Corporate Income Tax does not specify the exact tax rate, therefore it is necessary to refer to other legal documents to know accurately.
When do enterprises begin to comply with the Law on Corporate Income Tax?
Enterprises begin to comply from the date the Law was passed by the National Assembly, specifically June 17, 2003.
Which economic organizations does the Law on Corporate Income Tax apply to?
The Law on Corporate Income Tax applies to economic organizations operating within the territory of Vietnam.
What penalties will enterprises face if they do not comply with the Law on Corporate Income Tax?
This document does not specify the specific penalty regime, therefore it is necessary to refer to other legal documents to know accurately.
When does the Law on Corporate Income Tax come into effect?
The Law on Corporate Income Tax comes into effect from June 17, 2003, according to the announcement by the President.
Full text
ORDER OF THE CHAIRMAN
Regarding the promulgation of the Law on Corporate Income Tax
CHAIRMAN NƯỚC SOCIALIST REPUBLIC OF VIET NAM
Pursuant to Article 103 and Article 106 of the Constitution of the Socialist Republic of Vietnam 1992, amended and supplemented by Resolution No. 51/2001/QH10 dated December 25, 2001 of the Tenth National Assembly, tenth session;
Pursuant to Article 91 of the Law on the Organization of the National Assembly;
Pursuant to Article 50 of the Law on Legislative Documents;
NOW PROMULGATE:
The Law on Corporate Income Tax.
Was passed by the National Assembly of the Socialist Republic of Vietnam, 11th Session, third meeting, on June 17, 2003./.
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