Decision No. 65/2000/QĐ-TTg stipulates the reduction of value-added tax for sugar manufacturing enterprises in 1999 and 2000. The enterprises are entitled to a reduction corresponding to their losses, but not exceeding the amount of tax payable. In 2000, enterprises temporarily reduce their monthly value-added tax by 50%.
Scope of application
Sugar manufacturing enterprises
Key points
- Sugar manufacturing enterprises in 1999 are entitled to a reduction in value-added tax corresponding to their losses, but not exceeding the amount of tax payable for the year.
- In 2000, enterprises temporarily reduce their monthly value-added tax by 50%. If the annual settlement shows that the reduction exceeds actual losses, the enterprise must pay the difference to the state budget within ten days.
- If the production and business results for the entire year still show a loss, the enterprise is entitled to a reduction in value-added tax equal to the actual loss, but not exceeding the amount of tax payable for the year.
- This decision takes effect from the date of issuance and shall be implemented under the guidance of the Minister of Finance.
🌐 Social impact of this document
- Positive impact: Helps alleviate the financial burden on sugar manufacturing enterprises, supporting them through short-term difficulties.
- Negative impact: May alter the structure of the state budget revenue from value-added tax.
❓ Frequently asked questions
How much value-added tax is reduced for sugar manufacturing enterprises in 1999?
In 1999, enterprises are entitled to a reduction in value-added tax corresponding to their losses, but not exceeding the amount of tax payable for the year.
Why was there a temporary 50% reduction in monthly value-added tax in 2000?
In 2000, enterprises temporarily reduce their monthly value-added tax by 50% to support them through short-term difficulties.
What must enterprises do if the annual settlement in 2000 shows a reduction greater than actual losses?
If the annual settlement in 2000 shows a reduction greater than actual losses, the enterprise must pay the difference to the state budget within ten days.
What is the maximum reduction in value-added tax?
The maximum reduction in value-added tax does not exceed the amount of tax payable for the year, both for 1999 and 2000.
When does this decision take effect?
This decision takes effect from the date of issuance.
Full text
Pursuant to …;
Regarding the reduction of value-added tax payable by sugar manufacturing enterprises
__________________
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
Based on the Value-Added Tax Law No. 02/1997/QH9 dated May 10, 1997;
To address the difficulties faced by sugar manufacturing enterprises in the short term;
At the proposal of the Minister of Finance,
DECISION:
Article 1. Permitting sugar manufacturing enterprises to reduce the value-added tax payable on sugar products, by-products, and waste materials recovered during the sugar production process as follows:
1. In 1999, the reduction shall be equivalent to the amount of loss, but not exceeding the total value-added tax payable for that year.
2. In 2000, temporarily reduce by 50% the monthly value-added tax payable.
When settling accounts at the end of 2000, if the temporarily reduced monthly value-added tax exceeds the actual loss, the reduction shall only be equal to the actual loss, with the difference between the temporarily reduced tax and the actual loss to be paid to the state budget within ten days from the date of submitting the annual tax settlement report. If, after reducing 50% of the value-added tax payable, the enterprise still incurs a loss for the entire year, the value-added tax payable may be reduced by the actual loss amount, but the maximum reduction shall not exceed the total value-added tax payable for the year.
Article 2. This Decision takes effect from the date of signature.
Article 3. The Minister of Finance shall provide guidance for the implementation of this Decision.
The Ministers, Heads of Ministries equivalent to Ministries, Heads of Government Agencies, and Chairmen of Provincial and Central City People's Committees are responsible for implementing this Decision./.
PRIME MINISTER
DEPUTY PRIME MINISTERRelations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: