Decree No. 182-CP provides detailed regulations on implementing Resolution No. 216-NQ/UBTVQH9 dated August 30, 1994 of the Standing Committee of the National Assembly regarding amendments and supplements to the tax rate for business income tax on certain industries in the business income tax schedule.

DECREE

DECREE NO. 182-CP OF NOVEMBER 10, 1994 DETAILING THE IMPLEMENTATION OF RESOLUTION NO. 216-NQ/UBTVQH9 OF AUGUST 30, 1994 OF THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY ON AMENDING AND SUPPLEMENTING THE TAX RATES FOR ENTERPRISE INCOME TAX ON CERTAIN INDUSTRIES IN THE ENTERPRISE INCOME TAX TABLE

THE GOVERNMENT

Pursuant to the Government Organization Law dated September 30, 1992;

Pursuant to the Law on Enterprise Income Tax adopted by the National Assembly, eighth session, on June 30, 1990; The Law Amending and Supplementing Certain Provisions of the Law on Enterprise Income Tax adopted by the National Assembly, ninth session, on July 5, 1993, and Resolution No. 216-NQ/UBTVQH9 dated August 30, 1994 of the Standing Committee of the National Assembly;

At the proposal of the Minister of Finance,

DECREE:

Article 1. Amending and supplementing certain points of the Enterprise Income Tax Table issued together with Decree No. 55-CP dated August 28, 1993 of the Government detailing the implementation of the Law on Enterprise Income Tax and the Law Amending and Supplementing Certain Provisions of the Law on Enterprise Income Tax as follows:

Section 1. Industry:

PART IV. Trade industry:

9. Foreign currency trading, real estate trading

Chapter VI. Service industry:

15. Special services

Article 2.- Detailed regulations on the application of certain amended and supplemented enterprise income tax rates as provided in Article 1 above are as follows:

1. Production and assembly of specialized electronic machinery and equipment apply an enterprise income tax rate of 4%, including:

- Production and assembly of specialized electronic equipment for telephones, radio, wireless telegraph, wireless broadcasting, and wireless television.

- Production and assembly of radar equipment

- Production and assembly of electronic equipment for wired telephones and telegraphs, including equipment for transmission systems.

- Production and assembly of electronic equipment for safety signals and traffic control: railways, roads, rivers, ports, airports.

- Production and assembly of electronic equipment for sound or image signals: alarm horns, signboards, security systems, fire protection systems...

- Production of systems of electronic equipment to be installed in industrial machines or factories (modernization with electronic equipment).

- Cases where production and assembly of specialized electronic equipment include non-specialized machinery and equipment.

2. Production of concrete mortar applies an enterprise income tax rate of 3%, including various types of concrete mortar used in building houses, workshops, roads, bridges, ports, airports, production of various types of concrete components...

3. Processing of domestically grown cotton applies an enterprise income tax rate of 1%, including activities such as removing seeds, separating fibers, sorting raw cotton.

4. The taxable revenue from operating a golf course includes all money received from selling membership cards, entrance tickets, single play tickets, renting golf equipment (clubs, balls, shoes, clothes...), hiring instructors, hiring service staff during play...

For other service operations within a golf course that must pay enterprise income tax according to the tax rate of each business activity. If a business entity has multiple business activities and cannot separate the revenue of each activity, then the highest tax rate applicable to the business activity with the highest revenue will be applied to the total revenue.

Article 3. - This Decree takes effect from September 1, 1994.

The Minister of Finance shall be responsible for guiding the implementation of this Decree.

The Minister, Heads of Ministries equivalent to Ministries, Agencies under the Government; Chairmen of People's Committees of provinces and centrally governed cities are responsible for organizing the implementation of this Decree.