VietnameseOfficial Dispatch No. 7333/TC/TCT of July 2, 2004, corporate income tax and personal income tax applicable to grant ODA projects
ATTRIBUTE
Official Dispatch No. 7333/TC/TCT of July 2, 2004, corporate income tax and personal income tax applicable to grant ODA projects
| Issuing body: | Ministry of Finance | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 7333/TC/TCT | Signer: | Truong Chi Trung |
| Type: | Official Dispatch | Expiry date: | Updating |
| Issuing date: | 02/07/2004 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Tax - Fee - Charge |
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 VIETNAM Independence – Freedom – Happiness _______ |
No.: 7333 TC/TCT Re: Corporate income tax and personal income tax applicable to grant ODA projects | Hanoi, July 2, 2004 |
To: | - Ministries, Ministerial Equivalent Bodies and Government bodies - People’s Committees of provinces and centrally-managed cities - Taxation Departments of provinces and centrally-managed cities |
For the implementation of the direction of the Prime Minister in Official Letter No. 1048/VPCP-KTTTH dated March 5, 2004 of the Government Office on “the exemption from corporate income tax (CIT), personal income tax (PIT) to foreign contractors and individuals engaged in the implementation of grant ODA projects in Vietnam, the tax exemption shall be specifically agreed upon commitments with each donor,” the Ministry of Finance hereby provides guidelines as follows:
1. Foreign contractors engaged in the implementation of the grant ODA projects shall be exempted from CIT levied on incomes generated from the supply of goods and services to the grant ODA projects based upon the contract signed with the project owner.
2. Foreign individuals shall be exempted from PIT for income generated from working for foreign contractors engaged in the implementation of the grant ODA projects.
3. The exemption from CIT and PIT as stated in Item 1 and 2 above must be provided in the Agreement on grant ODA. Based upon conditions, nature and characteristics of each grant ODA project and request of specific donor, the body signing Agreement, before signing the Agreement must collect opinions from the Ministry of Finance and report to the Prime Minister regarding the CIT and PIT exemption applicable to foreign contractors and individuals.
4. The foreign contractors and individuals who carry out the grant ODA project shall fulfill their tax obligations in accordance with the current legislation on tax and the agreement on the avoidance of double taxation entered into between Vietnam and other countries if the agreement on grant ODA has no provision on the tax exemption.
The Ministry of Finance hereby provides guidelines to relevant agencies for information and implementation.
FOR THE MINISTER OF FINANCE DEPUTY MINISTER Truong Chi Trung |
Processing, please wait...
LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency
VIETNAMESE DOCUMENTS
Official Dispatch 7333/TC/TCT 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
Official Dispatch 7333/TC/TCT ZIP (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
Official Dispatch 7333/TC/TCT 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
