Circular No. 91/1997/TT-BTC amends and supplements Circular No. 86/1997/TT-BTC dated November 26, 1997 of the Ministry of Finance guiding the payment of tax on additional telecommunications charges at hotels.

CIRCULAR

ISSUED BY THE MINISTRY OF FINANCE NUMBER 91/1997/TT/BTC DATED DECEMBER 19, 1997 AMENDING AND SUPPLEMENTING CIRCULAR NO. 86/1997/TT/BTC DATED NOVEMBER 26, 1997 GUIDING THE PAYMENT OF TELECOMMUNICATION SURCHARGES AT HOTELS

Pursuant to Decision No. 477/TTg dated July 3, 1997 of the Prime Minister regarding telecommunication surcharges at hotels, the Ministry of Finance issued Circular No. 86/1997/TT/BTC dated November 26, 1997 guiding its implementation. To ensure full and accurate compliance with legal provisions and the Prime Minister's decision, the Ministry of Finance supplements and amends Circular No. 86/1997/TT/BTC dated November 26, 1997 as follows:

1. Supplementing the basis for this circular as follows:

"- Based on the Law on Foreign Investment in Vietnam dated November 12, 1996; based on Decree No. 12/CP dated February 18, 1997 of the Government detailing the implementation of the Law on Foreign Investment in Vietnam."

Supplementing Clause b, Point 2 of this circular as follows:

"For enterprises with foreign investment capital and foreign parties participating in joint venture contracts under the Law on Foreign Investment in Vietnam, corporate income tax shall be paid according to the corporate income tax rate specified in the investment license. In cases where the investment license does not specify a corporate income tax rate, it shall apply as prescribed by the Law on Foreign Investment in Vietnam."

2. Other guidelines remain implemented in accordance with Circular No. 86/1997/TT/BTC dated November 26, 1997 of the Ministry of Finance.

This circular takes effect from August 3, 1997. Any issues encountered during implementation should be reported to the Ministry of Finance for timely supplementation.