Decision No. 568/1998/ND-BTC of the Ministry of Finance stipulates that additional income tax shall not be collected temporarily for export production establishments if they meet one of two conditions: exporting more than 50% of their products or export revenue accounting for more than 50% of total revenue. This decision aims to encourage the production of export goods.
Scope of application
Export production establishment
Key points
- Export production establishment → shall not pay additional income tax if it exports more than 50% of its products or export revenue accounts for more than 50% of total revenue (Article 1).
- The tax authority directly managing the collection of taxes from export production units → shall check and determine the ratio between exported products and total products or the ratio of export sales to total sales to identify the basis for not paying additional income tax (Article 2).
- This Decision shall take effect fifteen days after the date of issuance and apply to the settlement of additional income tax from 1998.
🌐 Social impact of this document
- Export production establishments benefit from not having to pay additional income tax, which helps reduce costs and increase competitiveness in the international market.
- The state budget may be affected due to reduced income from additional income tax during this specified period.
❓ Frequently asked questions
Which production establishments are exempt from additional income tax?
Export production establishments if they export more than 50% of their products or export revenue accounts for more than 50% of total revenue.
What is the duration of effectiveness of this Decision?
This Decision takes effect fifteen days after the date of issuance and applies to the settlement of additional income tax from 1998.
Which agency checks and determines the export ratio?
The tax authority directly managing the collection of taxes from export production units performs this check.
Full text
Pursuant to …;
ISSUED BY THE MINISTER OF FINANCE DECREE NO. 568/1998/QT/BTC ON APRIL 27, 1998 REGARDING TEMPORARY NON-COLLECTION OF SUPPLEMENTAL INCOME TAX FOR PRODUCTION UNITS EXPORTING MORE THAN 50% OF THEIR OUTPUT OR WITH EXPORT REVENUE ACCOUNTING FOR MORE THAN 50% OF TOTAL REVENUE THE MINISTER OF FINANCE
WHEREAS, pursuant to the Income Tax Law;
WHEREAS, pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;
- Pursuant to Decree No. 178/CP dated October 28, 1994 of the Government on the tasks, powers, and organizational structure of the Ministry of Finance;
WHEREAS, pursuant to Point 2, Section I, Resolution No. 02/1998/NQ-CP dated January 26, 1998 of the Government implementing policies to encourage export production;
PURSUANT TO THE PROPOSAL OF THE DIRECTOR GENERAL OF THE STATE TAX ADMINISTRATION;
Pursuant to …;
Article 1.-Temporarily, no supplemental income tax shall be collected from production units if they export more than 50% of their products produced or have export revenue accounting for more than 50% of total revenue.
Article 2.-The tax authority directly managing the collection of taxes from export production units shall conduct inspections to determine the ratio between the quantity of exported products and the total quantity of products produced, or the ratio between export revenue and total sales revenue, to identify production units that are not required to pay supplemental income tax.
ARTICLE 3.This Decision shall take effect 15 days from the date of issuance and shall apply to the settlement of supplemental income tax from 1998 onwards.
The Director of the Ministry of Finance's Office, the General Director of the State Revenue总局，税务总局局长和各省、市税务局局长以及第一条规定中的出口生产单位负责执行本决定。
|
Vũ Mộng Giao (Signed) |
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: