Decision No. 39/2000/QD-TTg stipulates tax incentives for securities trading activities applicable to Securities Companies, Fund Management Companies, issuers with listed securities, and individual investors in securities. The incentives include exemption from value-added tax for three years, exemption from corporate income tax for an additional year, and a 50% reduction in corporate income tax for the two subsequent years for Securities Companies and Fund Management Companies; a 50% reduction in corporate income tax for the two years following the first listing of securities for issuers with listed securities. Individual investors in securities are exempt from income tax on income from dividends, bond interest, and gains from buying and selling securities.
Đối tượng áp dụng
Securities Companies, Fund Management Companies, issuers with listed securities, and individual investors in securities
Các điểm cốt lõi
- Securities Companies and Fund Management Companies are exempt from value-added tax for three years (from 2000 to the end of 2002); exempt from corporate income tax for an additional year, and have a 50% reduction in corporate income tax for the two subsequent years.
- Issuers with listed securities are entitled to a 50% reduction in corporate income tax for the two years following their first listing at the Securities Trading Center.
- Individual investors in securities are exempt from income tax on income from dividends, bond interest, and gains from buying and selling securities.
- Tax incentives apply to securities trading activities for a period of three years (from 2000 to the end of 2002).
- Other tax regulations outside these incentives shall be implemented according to current laws by organizations and individuals engaged in securities trading activities.
🌐 Tác động xã hội từ văn bản này
- Tax incentives help reduce financial burdens for Securities Companies and Fund Management Companies, encouraging investment in the securities market.
- A 50% reduction in corporate income tax for the two years following the first listing at the Securities Trading Center encourages issuers to list their securities, enhancing transparency and attractiveness in the market.
- Exemption from income tax for individual investors in securities facilitates public participation in investing in the securities market.
❓ Câu hỏi thường gặp
For how long are Securities Companies exempt from value-added tax?
Securities Companies are exempt from value-added tax for three years (from 2000 to the end of 2002).
What percentage reduction in corporate income tax does an issuer with listed securities receive?
Issuers with listed securities receive a 50% reduction in corporate income tax for the two years following their first listing at the Securities Trading Center.
Which portion of income is exempt from income tax for individual investors in securities?
Individual investors in securities are exempt from income tax on income from dividends, bond interest, and gains from buying and selling securities.
For what period are these tax incentives applicable?
These incentives apply to securities trading activities for a period of three years (from 2000 to the end of 2002).
What tax incentives does a Fund Management Company enjoy?
Fund Management Companies are exempt from value-added tax for three years (from 2000 to the end of 2002); exempt from corporate income tax for an additional year, and have a 50% reduction in corporate income tax for the two subsequent years.
Toàn văn
DECISION
Provisionally granting tax incentives for securities trading activitiesArticle 1. Provisionally granting tax incentives for organizations and individuals engaged in securities trading activities as follows:
_________________
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
Pursuant to the Value Added Tax Law No. 02/1997/QH9 dated May 10, 1997, and the Corporate Income Tax Law No. 03/1997/QH9 dated May 10, 1997;
Pursuant to the Ordinance on Encouraging Domestic Investment (amended) No. 03/1998/QH10 dated May 20, 1998;
At the proposal of the Minister of Finance,
DECISION:
Article 1. Provisionally granting tax incentives for the following organizations and individuals engaged in securities trading activities:
- Securities companies;
- Securities management companies;
- Issuing organizations whose securities are listed;
- Individuals investing in securities.
Article 2. Regarding value added tax.
Temporarily exempting value added tax from securities trading activities of securities companies for a period of three years (from 2000 to December 31, 2002); the tax-exempt trading activities mentioned above only include those specified in Clause 2, Article 29 of the Government Decree No. 48/1998/NĐ-CP dated July 11, 1998.
Article 3. Regarding corporate income tax.
In addition to enjoying corporate income tax incentives as stipulated by current laws, the following applies:
1. For securities companies and securities management companies, they shall be exempted from corporate income tax for an additional year, and their corporate income tax payable shall be reduced by 50% for the next two years.
2. For issuing organizations whose securities are listed, their corporate income tax payable shall be reduced by 50% for the next two years starting from the first listing of their securities at the Stock Exchange Center.
Article 4.Individuals investing in securities shall be exempted from personal income tax on high-income portions derived from dividends, bond interest, and gains from buying and selling securities.
Article 5. Other tax regulations not covered by Articles 2, 3, and 4 of this Decision shall be implemented according to current laws.
Article 6. THIS DECISION SHALL TAKE EFFECT 15 DAYS FROM THE DATE OF SIGNATURE.
Article 7. The Minister of Finance shall provide guidance for the implementation of this Decision.
Ministers, Heads of ministerial-level agencies, Heads of agencies under the Government, Chairpersons of People's Committees of provinces and centrally governed cities are responsible for implementing this Decision.
DEPUTY PRIME MINISTER
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