Decision No. 568/1998/QD-BTC of the Ministry of Finance temporarily does not collect additional profit tax for production establishments exporting goods if the export ratio or revenue from exports accounts for more than 50% of total products and revenue. This decision takes effect from 1998.
Đối tượng áp dụng
Export production establishment
Các điểm cốt lõi
- An export production establishment that exports more than 50% of its products or where revenue from exports accounts for more than 50% of total revenue will not be required to pay additional profit tax.
- The tax authority shall carry out inspections to determine the ratio between the quantity and sales volume of exported products compared to other types of products to ascertain whether an export production establishment needs to pay additional profit tax.
🌐 Tác động xã hội từ văn bản này
- Positive impact: Reduces the tax cost burden on export enterprises, encouraging increased export activities.
- Negative impact: May cause difficulties in managing and controlling taxes for production establishments.
❓ Câu hỏi thường gặp
Which production establishments will not have to pay additional profit tax?
Production establishments exporting more than 50% of their products or where revenue from exports accounts for more than 50% of total revenue.
How long is this decision effective for?
This decision takes effect from 1998 and does not specify a specific duration.
Which agency carries out the inspection to determine the export product ratio?
The tax authority directly responsible for collecting taxes from export production units will conduct this inspection.
If a production establishment does not meet the tax exemption conditions, how much must they pay?
The document does not specifically stipulate the amount of tax to be paid when the tax exemption conditions are not met.
Does this decision take effect immediately upon signing or after a period of time?
This decision takes effect 15 days after signing and applies to the settlement of additional profit tax from 1998.
Toàn văn
Pursuant to …;
Regarding the temporary exemption from supplementary income tax for export production establishments
THE MINISTER OF FINANCE
Pursuant to the Income Tax Law;
Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities of ministries and ministerial-level agencies in state management;
Pursuant to the Prime Minister's Decision No. 853/1997/CT-TTg dated October 11, 1997 on combating smuggling under new circumstances;
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 exempt from supplementary income tax for production establishments that export more than 50% of their products 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 production or the ratio between export sales and total sales to identify production establishments not subject to supplementary income tax.
Article 3.- This Decision takes effect fifteen days after its date of issuance and applies to the settlement of supplementary income tax from 1998 onwards.
The Director of the Ministry of Finance’s Office, the General Director of the State Revenue Administration, the Directors of Provincial and Municipal Tax Bureaus, and export production establishments as stipulated in Article 1 are responsible for implementing this Decision./.
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