Decision No. 3027/QD-BTC Regarding the correction of Circular No. 130/2008/TT-BTC dated December 26, 2008, of the Ministry of Finance guiding the implementation of certain provisions of the Law on Corporate Income Tax No. 14/2008/QH12 and guiding the implementation of Decree No. 124/2008/ND-CP dated December 11, 2008, of the Government detailing the implementation of certain provisions of the Law on Corporate Income Tax.

Pursuant to …;

Regarding the correction of Circular No. 130/2008/TT-BTC dated December 26, 2008 issued bythe Ministry of Finance guiding the implementation of certain provisions of the Law on Corporate Income Tax No. 14/2008/QH12 and guiding the implementation of Decree No. 124/2008/ND-CP dated December 11, 2008 issued bythe Government detailing the implementation of certain provisions of the Law on Corporate Income Tax The Government shall specify the details for the implementation of certain Articles of the Law on Corporate Income Tax||| to implement certain provisions of the Law on Corporate Income Tax

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THE MINISTER OF FINANCE

Pursuant to the Law on Legislative Acts dated November 12, 1996, and the Law Amending and Supplementing Certain Provisions of the Law on Legislative Acts dated December 16, 2002;

Pursuant to Decree No. 104/2004/ND-CP dated March 23, 2004 issued by the Government regarding the Official Gazette of the Socialist Republic of Vietnam; Decree No. 151/2005/ND-CP dated December 27, 2005 issued by the Government;

Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

At the proposal of the Director General of the State Revenue Administration,

DECISION:

Article 1. Correcting bullet point number 2, Point 1.3, Clause 1, Section III Part H of Circular No. 130/2008/TT-BTC dated December 26, 2008 issued by the Ministry of Finance guiding corporate income tax as follows:

- Printed

“1. Exempt from tax for four years, reduce by 50% of the tax payable for the next nine years for:

1.3. New enterprises established from investment projects in the following fields:

- Investment in developing waterworks, hydropower plants, water supply and drainage systems; roads, railways; airports, seaports, river ports; airfields, terminals and other particularly important infrastructure works decided by the Prime Minister.”

Now amended to read:

“1. Exempt from tax for four years, reduce by 50% of the tax payable for the next nine years for:

1.3. New enterprises established from investment projects in the following fields:

- Investment in developing waterworks, power plants, water supply and drainage systems; roads, railways; airports, seaports, river ports; airfields, terminals and other particularly important infrastructure works decided by the Prime Minister.”

Article 2. This Decision takes effect 45 days from the date of signature and applies from the 2009 tax period./.