Decision No. 41/2002/QĐ-TTg On Preventing Loss of Value Added Tax and Corporate Income Tax Through Sales Price in Motor Vehicle Trading Activities

 DECISION OF THE PRIME MINISTER

On preventing revenue loss from value-added tax and corporate income tax through sales prices

in automobile and two-wheeled motorbike trading activities

PRIME MINISTER

Based on the Government Organization Law dated December 25, 2001;

Pursuant to the Law on Value-Added Tax No. 02/1997/QH9 dated May 10, 1997;

Pursuant to the Law on Corporate Income Tax No. 03/1997/QH9 dated May 10, 1997;

At the proposal of the Minister of Finance,

DECISION:        

Article 1. Business entities selling automobiles and two-wheeled motorbikes that record sale prices on invoices provided to consumers lower than actual market prices shall be subject to back taxes for value-added tax and corporate income tax based on the prices stipulated in Article 2 of this Decision; at the same time, they will be penalized according to current laws.

Article 2. The sale price used as the basis for calculating back taxes for value-added tax and corporate income tax shall be determined based on the minimum price list for automobiles and two-wheeled motorbikes established by provincial People's Committees for stamp duty collection (excluding value-added tax).

Article 3. This Decision takes effect fifteen days after its date of issuance.

Article 4. The Minister of Finance shall provide guidance on the implementation of this Decision.

Ministers, heads of ministerial-level agencies, heads of agencies under the Government, Chairpersons of provincial-level People's Committees shall be responsible for implementing this Decision./.