A decision on the amendments and supplements to some articles of the regulations of the commercial Break Baits in Quang Tri province attached to decision No. 219/1998/QD-TTg dated 12 November 1998 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ the PRIME MINISTER pursuant to the law on Government Organization, 30 September 1992;

In order to create more favorable conditions for investment and trading activities in Lao Bao trade zone in Quang Tri province;

According to the recommendation of the Minister of Commerce, Chairman of the people's Committee of Quang Tri province, the decision: article 1. Amendments and supplements to some articles of the Statute Lao Bao Trade Zone issued the attached decision 219/1998/QD-TTg on November 12, 1998 of the Prime Minister as follows: 1. Article 19 is amended and supplemented as follows: "article 19.

The Organization, individuals investing in Lao Bao trade zone, enjoying the maximum incentives for investment projects in geographical socio-economic conditions particularly difficult under the provisions of the law on foreign investment in Vietnam on November 12, 1996, the law on amendments and supplements to some articles of the law on foreign investment in Vietnam on June 9, 2000 and encourage domestic investment Law (amended) on 20 May 1998 and the incentives under the international treaties to which Vietnam signed or joined. "

2. Article 21 is amended and supplemented as follows: "article 21.

1. investment projects in Lao Bao Trade Zone of business for foreign capital and foreign parties involved in business cooperation contracts are exempt from corporate income tax in the period of 8 years from when the taxable income and the applicable tax rate 10% corporate income tax for the next year.

2. investment projects on commercial area of Lao Bao of the Organization, individuals are tax business income during the 10 years since taxable income; 50% reduction of corporate income tax payable in 10 years; and apply enterprise income tax rate of 15% for the next year. "

3. Article 22 is modified and supplemented as follows: "article 22.

1. Enterprises with foreign capital and foreign parties involved in business cooperation contracts used profits to reinvest in Lao Bao Trade Zone during the period from 3 years or 100% refundable corporate income tax already paid by the number of profit reinvestment.

2. Lao Bao Trade Zone are preferential loans of the State as defined in point b of paragraph 1 of article 2 of decision 53/2001/QD-TTg dated 19 April 2001 of the Prime Minister on the policy for border gate economic zone. "

4. Article 23 was amended and supplemented as follows: "article 23.

The Organization, individual manufacturing, trading goods, services, businesses, foreign-invested and foreign parties involved in business cooperation contracts active in Lao Bao Trade Zone, after the settlement with the tax authorities of that loss shall be transmitted to the following year, the number of holes to be deducted from taxable income. Time was moving the hole no more than 5 years. "

5. Article 24 is amended and supplemented as follows: "article 24.

Relations between services, trade and Labor in the country's export-import relations. "

6. Article 25 be amended and supplemented as follows: "article 25.

1. The goods or services produced, consumed in the commercial area of Lao Bao and the goods, services imported from foreign countries into Lao Bao Trade Zone are not subject to value added tax.

2. Goods, domestic service from Vietnam brought in Lao Bao Trade Zone enjoy the value added tax is 0%; goods and services from the commercial Zone include Vietnam domestic Workers subjected to value added tax.

3. Goods and services subject to special consumption tax are produced, consumed in the commercial area of Lao Bao and the goods or services subject to special consumption tax on imported from abroad into Lao Bao Trade Zone are not subject to special consumption tax.

4. Goods and services subject to special consumption tax from commercial Zone include Vietnam domestic Workers must bear special consumption tax. "

7. Article 26 is amended and supplemented as follows: "article 26.

1. Goods originating from Vietnam domestic and imported goods from abroad into Lao Bao Trade Zone are exempt from import tax.

2. Goods producing, processing, recycling, Assembly in Lao Bao Trade Zone when overseas exports are duty free exports. "

8. Article 27 is amended and supplemented as follows: "article 27.

1. Goods producing, processing, recycling, Assembly in Lao Bao Trade Zone that uses raw materials, component parts imported from overseas when imported into Vietnam's Interior only have to pay tax for the import of raw materials, imported components constitutes of products, commodities. The case does not use raw materials, component parts imported from overseas when imported into Vietnam's interior is not filed tariffs.

2. Goods from Lao Bao Trade Zone imported into Vietnam have domestic origin produced in Laos was reduced import tax as stipulated in decision No 181/1998/QD-TTg dated 21 September 1998 by the Prime Minister or by agreement between the two Governments. "

9. Article 28 is amended and supplemented as follows: "article 28.

Organization, individual investment projects in Lao Bao Trade Zone are free in 11 years from the date of contract for leasing land and enjoy the land by 30% land rental applicable to the mountainous district of Quang Tri province since the 12th year onwards. "

10. Article 30 is amended and supplemented as follows: "article 30.

The actual number of base currency the State budget annually at Lao Bao Trade Zone, State investment in return for building infrastructure in Lao Bao Trade Zone according to the following levels:-the case of State budget revenue under 50 billion per year is invested back 100%.

-The case of the State budget revenues from 50 billion per year and over shall be invested back 50 billion and 50% real currency left. "

Article 2. This decision takes effect 15 days from the date of signing.

Article 3. The Ministers, heads of ministerial agencies, heads of government agencies, the Chairman of people's Committee of Quang Tri province is responsible for the implementation of this decision.