VietnameseCircular No. 68/1998/TT-BTC dated May 19, 1998 of the Ministry of Finance on additionally guiding a number of points in Circular no.85-TC/TCT dated October 24, 1994 of the Ministry of Finance
ATTRIBUTE
Circular No. 68/1998/TT-BTC dated May 19, 1998 of the Ministry of Finance on additionally guiding a number of points in Circular no.85-TC/TCT dated October 24, 1994 of the Ministry of Finance
| Issuing body: | Ministry of Finance | Effective date: | Updating |
| Official number: | 68/1998/TT-BTC | Signer: | Pham Van Trong |
| Type: | Circular | Expiry date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Issuing date: | 19/05/1998 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Navigation , Tax - Fee - Charge , Transport |
For more details, click here.
Download files here.
LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency
Effect status: Known
THE MINISTRY OF FINANCE ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom – Happiness ---------- |
No. 68/1998/TT-BTC | Hanoi, May 19, 1998 |
CIRCULAR
ON ADDITIONALLY GUIDING A NUMBER OF POINTS IN CIRCULAR No.85-TC/TCT OF OCTOBER 24, 1994 OF THE MINISTRY OF FINANCE
After a period of implementing Circular No.85-TC/TCT of October 24, 1994 of the Ministry of Finance "guiding the collection of freight tax applicable to foreign sea-going vessels engaged in goods transportation at Vietnamese sea ports", there have appeared some questions, that need to be clarified in order to ensure the uniform implementation of such Circular, the Ministry of Finance hereby provides the following additional guidance:
1. On the tax payers:
The freight tax payers as prescribed in Point 1, Section I of Circular No.85-TC/TCT of October 24, 1994 of the Ministry of Finance are all foreign organizations and individuals that use their own or chartered sea-going ships or even have no ships but are engaged in goods transportation from Vietnamese sea ports to foreign sea ports or between Vietnamese sea ports, including either direct goods transportation or indirect goods transportation through other foreign transporting units which shall take legal liability for transported goods of the goods owners.
2. On the liability to make tax payment declarations:
Liable to make tax payment declarations according to Point 2, Section IV of Circular No.85-TC/TCT are sea-going ship owners, including foreign transporting organizations and individuals that enter Vietnamese sea ports to transport goods for export or transport goods between Vietnamese sea ports. They shall have to correctly declare their turnover for calculation of freight tax and provide their transporting agents with all relevant documents which shall serve as basis for determining payable freight tax.
The payment or the acceptance to pay the payable freight tax stated in the freight tax receipts shall be made by agents which are liable to receive and remit freight tax on behalf of foreign transporting organizations and individuals.
Foreign transporting organizations and individuals that fail to strictly observe the above-said provisions shall be subject to the payment of tax arrears and fines as prescribed by the Law on Turnover Tax and the Law on Profit Tax.
The tax payers, tax deducting organizations and tax agencies shall have to strictly follow the guidance in Circular No.85-TC/TCT of October 24, 1994 of the Ministry of Finance and the specific guidance of this Circular.
THE MINISTRY OF FINANCE VICE MINISTER Pham Van Trong |
Processing, please wait...
LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency
VIETNAMESE DOCUMENTS
Circular 68/1998/TT-BTC DOC (Word)This utility is available to subscribers only. Please log in to a subscriber account to download. Don’t have an account? Register here
ENGLISH DOCUMENTS
Others
Circular 68/1998/TT-BTC DOC (Word)This utility is available to subscribers only. Please log in to a subscriber account to download. Don’t have an account? Register here
* Note: To view documents downloaded from LuatVietnam.vn, please install DOC, DOCX and PDF file readers
For further support, please call 19006192
