Decision No. 737/QD-TTg stipulates the reward mechanism for the achievement of exceeding the state budget revenue estimate for 1999, applicable to specific taxes and fees. The level of reward is determined based on the degree of excess over the estimate, with the total maximum reward not exceeding 50 billion VND.
Key points
- Special consumption tax on domestically produced goods: Reward 100% of the revenue exceeding the estimate assigned by the Central Government (Article 1.1.a)
- Export tax, import tax, special consumption tax on imported goods: For revenue exceeding the estimate up to 20 billion VND, reward 100%; for more than 20 billion VND, reward an additional 50% of the excess amount but the total maximum reward does not exceed 50 billion VND (Article 1.1.b)
- Revenue shared between the Central Government budget and local government budgets: Reward 50% of the revenue exceeding the estimate assigned by the Central Government (the portion enjoyed by the Central Government) (Article 1.2)
- The reward money from revenue shared between the Central Government budget and local government budgets should allocate a portion to supplement capital for state-owned enterprises engaged in production and business operations with high efficiency (Article 2.2)
- This Decision takes effect from the date of signature (Article 3)
🌐 Social impact of this document
- Positive impact: Creates motivation for enterprises and localities to achieve exceeding the state budget revenue estimate, increasing investment capital for state-owned enterprises.
- Negative impact: May lead to a race to meet targets, resulting in tax evasion or falsification of data.
❓ Frequently asked questions
How many levels of rewards are specified?
The Decision specifies three levels of rewards: special consumption tax on domestically produced goods, export and import taxes, and revenue shared between the Central Government and local governments (Article 1).
What is the maximum level of reward?
The total maximum reward does not exceed 50 billion VND (Article 1.1.b).
Which taxes are subject to a 100% reward rate?
Special consumption tax on domestically produced goods is subject to a 100% reward rate for revenue exceeding the estimate assigned by the Central Government (Article 1.1.a).
Which taxes have a reward rate of 100% for amounts up to 20 billion VND?
Export tax, import tax, special consumption tax on imported goods: For revenue exceeding the estimate up to 20 billion VND, reward 100% (Article 1.1.b).
Which taxes have a reward rate above 20 billion VND?
Export tax, import tax, special consumption tax on imported goods: For revenue exceeding the estimate above 20 billion VND, reward an additional 50% of the excess amount but the total maximum reward does not exceed 50 billion VND (Article 1.1.b).
Full text
DECISION
Regarding the mechanism for bonuses due to exceeding the state budget revenue target for 1999
________________________
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
At the request of the Minister of Finance in Circular No. 3484TC/NSNN dated July 15, 1999,
DECISION:
Article 1. The bonus amount and the usage regulations for the excess state budget revenue in 1999 are stipulated as follows:
1. For amounts retained according to the State Budget Law:
a- For special consumption tax on domestically produced goods: A bonus of 100% of the revenue exceeding the target set by the central government.
b- For export tax, import tax, and special consumption tax on imported goods: The bonus will be awarded based on the principle that for revenues exceeding the target set by the central government up to 20 billion VND, a bonus of 100% will be given, and for revenues exceeding 20 billion VND, an additional bonus of 50% will be provided for the excess amount, but the total bonus shall not exceed 50 billion VND.
2. For revenues shared between the central government budget and local government budgets (excluding value-added tax): A bonus of 50% of the revenue exceeding the target set by the central government (the portion allocated to the central government budget).
3. For the bonus on value-added tax revenue, at the end of 1999, based on the specific results of implementation by each locality, the Ministry of Finance will compile and report to the Prime Minister for consideration and decision.
Article 2. Regulations regarding the use of bonus funds are as follows:
1. Amounts retained according to the State Budget Law shall be used in accordance with current regulations.
2. For bonus funds from revenues shared between the central government budget and local government budgets, localities should allocate a portion to supplement capital for state-owned enterprises engaged in production and business operations with high efficiency and actively fulfilling their tax payment obligations, but facing difficulties in funding to repay investment loans.
Article 3. This Decision shall take effect from the date of signing.
Article 4. The Minister of Finance, the Chairpersons of the People's Committees of the provinces and centrally governed cities are responsible for implementing this Decision.
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