Circular No. 71/2019/TT-BTC revokes two circulars guiding the corporate income tax policy for small-scale financial organizations and microfinance organizations. This circular takes effect from November 22, 2019.
Key points
- Revoking Circular No. 116/2012/TT-BTC guiding the corporate income tax policy for small-scale financial organizations with limited liability, one-member enterprise Thien Tuong.
- Revoking Circular No. 135/2013/TT-BTC guiding the corporate income tax policy for microfinance organizations.
🌐 Social impact of this document
- Due to the revocation of the two circulars, there will be no specific impact on citizens and businesses regarding rights or costs.
- The negative impact is that small-scale financial organizations and microfinance organizations will lose the opportunity to enjoy corporate income tax benefits.
❓ Frequently asked questions
Which circular does this circular revoke?
This circular revokes Circular No. 116/2012/TT-BTC and Circular No. 135/2013/TT-BTC.
When does this circular take effect?
This circular takes effect from November 22, 2019.
How will small-scale financial organizations and microfinance organizations be affected?
Small-scale financial organizations and microfinance organizations will lose the opportunity to enjoy corporate income tax benefits under the two revoked circulars.
Where should I look for more detailed information about the revoked circulars if I want to know more?
You can find more information about Circular No. 116/2012/TT-BTC and Circular No. 135/2013/TT-BTC on the Ministry of Finance's website or other legal sources.
Full text
|
MINISTRY OF FINANCE Number: 71/2019/TT-BTC |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness Hanoi, October 8, 2019 |
CIRCULAR
Repeals Circular No. 116/2012/TT-BTC dated July 18, 2012 guiding the pilot application of corporate income tax policy for the single-member limited liability financial organization Tinh Thang with small scale, and Circular No. 135/2013/TT-BTC dated September 27, 2013 guiding the pilot application of corporate income tax policy for microfinance organizations.
applying the pilot corporate income tax policy for the single-member limited liability financial organization Tinh Thang with small scale,
pilot applying the corporate income tax policy for microfinance organizations,
_______________________________
Pursuant to the Law on Legislative Regulatory Documents 2015;
Pursuant to Decree No. 87/2017/NĐ-CP dated July 26, 2017, issued by the Government, stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decision No. 2195/QĐ-TTg dated December 6, 2011 of the Prime Minister approving the Project on Building and Developing Microfinance Systems in Vietnam until 2020;
Pursuant to the opinion of Deputy Prime Minister Vu Dinh Hue at Official Letter No. 2190/VPCP-KTTH dated August 8, 2019 of the Government Office;
At the request of the Director of the Tax Policy Department;
The Minister of Finance hereby issues this Circular to repeal Circular No. 116/2012/TT-BTC dated July 18, 2012 guiding the pilot application of corporate income tax policy for the single-member limited liability financial organization Tinh Thang with small scale, and Circular No. 135/2013/TT-BTC dated September 27, 2013 guiding the pilot application of corporate income tax policy for microfinance organizations.
Article 1. Repeal the following Circulars:
1. Repeal Circular No. 116/2012/TT-BTC dated July 18, 2012 guiding the pilot application of corporate income tax policy for the single-member limited liability financial organization Tinh Thang with small scale,
2. Repeal Circular No. 135/2013/TT-BTC dated September 27, 2013 guiding the pilot application of corporate income tax policy for microfinance organizations.
Article 2. Effectiveness
This Circular takes effect from November 22, 2019./.
SIGNATURE OF THE MINISTER
VICE MINISTER
(Signed)
Vu Thi Mai
Original document (PDF)
Download
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: