Ordinance No. 54-L/CTN dated February 18, 1997 of the Standing Committee of National Assembly amending a number of articles of the Ordinance on income tax on high-income earners

Summary
Content
Status
Vietnamese
Related documents
Diagram
Download

Error message

Font size:

ATTRIBUTE Ordinance 01/97/PL-UBTVQH9 of National Assembly Standing Committee date issued 06/02/1997

Issuing body:	National Assembly Standing Committee	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	01/97/PL-UBTVQH9	Signer:	Le Duc Anh
Type:	Ordinance	Expiry date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Issuing date:	06/02/1997	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:

THE STANDING COMMITTEE OF NATIONAL ASSEMBLY ---------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom Happiness --------------
No. 54-L/CTN	Hanoi, February 06, 1997

ORDINANCE

AMENDING A NUMBER OF ARTICLES OF THE ORDINANCE ON INCOME TAX ON HIGH-INCOME EARNERS

Pursuant to Article 91 of the 1992 Constitution of the Socialist Republic of Vietnam;

Proceeding from the Resolution of the IXth National Assembly, 10th session, on the 1997 draft State budget;

This Ordinance amends a number of Articles of the Ordinance on Income Tax on High-Income Earners of May 19, 1994;

Article 1.-

The following amendments are made to the Ordinance on Income Tax on High-Income Earners:

1. Clause 2, Article 2 is amended as follows:

"2. Irregular incomes in the forms of:

- Gifts and presents in kind sent from abroad;

- Transfer of technology, copyright to inventions, trade marks, technical know-how, technical designs for construction, industrial designs and other services, except in cases where they are gifts or presents.

- Lottery prizes".

2. Article 9 is amended as follows:

"Article 9.-

The regular taxable income defined in Clause 1, Article 2 of this Ordinance is the total amount of money an individual earns on a monthly average in a year, over 2,000,000 VND for Vietnamese citizens and other individuals residing in Vietnam and over 5,000,000 VND for foreigners residing in Vietnam and Vietnamese citizens on mission or working abroad. For foreigners who are not considered to be residing in Vietnam, the regular taxable income is the total revenue generated by their work in Vietnam.

A foreigner is considered to be residing in Vietnam if he/she stays in Vietnam for 183 days or more over a period of 12 months from his/her arrival in Vietnam, and shall not be considered to be residing in Vietnam if he/she stays in Vietnam for less than 183 days."

3. Clause 1, Article 10 is amended as follows:

"1. For Vietnamese citizens and other individuals residing in Vietnam:

PARTIAL PROGRESSIONAL TAX BRACKET

Unit: 1,000 VND

Level	Average monthly income/ per capita		Tax rate (%)
1		Up to 2,000	0
2	Over 2,000	to 3,000	10
3	Over 3,000	to 4,000	20
4	Over 4,000	to 6,000	30
5	Over 6,000	to 8,000	40
6	Over 8,000	to 10,000	50
7	Over 10,000		60

After paying their income tax according to the above rates, those individuals who still have a remaining income of over 8,000,000 VND a month on average shall pay an additional tax of 30 % of the amount in excess of 8,000,000 VND.

Article 2.- This Ordinance takes effect from the date of its promulgation.

The earlier provisions which are contrary to this Ordinance are now annulled.

Article 3.- The Government shall detail the implementation of this Ordinance.

ON BEHALF OF THE NATIONAL ASSEMBLY STANDING COMMITTEE
CHAIRMAN

Nong Duc Manh

This feature is available to English or Advanced account holders. Please log in to a subscriber account to see the full text. Don’t have an account? Register here

Please log in to a subscriber account to see the full text. Don’t have an account? Register here

Processing, please wait...

You are not logged in.

This feature is available to Advanced account holders. Please log in to access detailed information on Related documents.

If you do not have an account, please register here!

Processing, please wait...

LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

Others

* Note: To view documents downloaded from LuatVietnam.vn, please install DOC, DOCX and PDF file readers

For further support, please call 19006192

Ordinance No. 54-L/CTN dated February 18, 1997 of the Standing Committee of National Assembly amending a number of articles of the Ordinance on income tax on high-income earners

ATTRIBUTE Ordinance 01/97/PL-UBTVQH9 of National Assembly Standing Committee date issued 06/02/1997

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

SAME CATEGORY

Decree No. 202/2026/ND-CP of the Government amending and supplementing a number of articles of the Government’s Decree No. 10/2022/ND-CP dated January 15, 2022, on registration fee

Circular No. 04-TC/TCT dated January 23, 1997 of the Ministry of Finance guiding a number of points in the taxation policy towards the branches of foreign lawyers’ organizations operating in Vietnam

Circular No. 80-TC/TCT dated December 21, 1996 of the Ministry of Finance guiding on collecting, remitting and managing the charge on the examination of conditions for practicing wood and other forest products processing and the fee on the granting of the relevant permits

Circular No. 69/TC/TCT dated November 05, 1996 of the Ministry of Finance providing guidance for the collection of excise taxes