CIRCULAR to explain and guide the implementation of enterprise income tax _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ pursuant to article 48 of the commercial tax rules promulgated by decision No. 200-NQ/TVQH on 18-01-1966 of the Standing Committee of the National Assembly and Directive No. 35/TTg-TN 21-2-1966 of the Prime Ministry of finance, detailing and guiding the implementation of enterprise income tax as follows : corporate income tax revenues on interest rates business of all industrial and commercial business facility or individually. By automatic income between sectors and regulate the unreasonable interest rates, corporate income tax promotes, guides the production, trading correct way, the policies of the party and the State, encourage the development of production, promote implementation of career planning, allocation of production force , strengthening and consolidation of the new relations of production and promoting the Socialist renovation.
A. who MUST SUBMIT CORPORATE INCOME TAX except for the cases stated in the paragraph below, all cooperative, collaborative and individual household business profitable businesses must submit corporate income tax, including the private home rental, land in cities and towns.
The following cases are not corporate income tax:-shipment have shipment tax (the tax as a form of currency shipment included two taxes (corporate and business income), do a;-The odd job men like sharpening cutlery, keeping the bike ... knitting, Knitting yarn because less income should have been tax free enterprise;
-The base do the trades are considered not in the industrial and commercial activities (who wrote the books, Mr. lang healing with acupuncture, prescribed pulse, painter selling his works, theatre troupes, paddle, Opera, the production of school yard not business purpose ...) also do not have to file corporate income taxes. But if they have these operations taxed businesses then must also submit business income taxes (see circular No. 07-TC/TQD on 05 March 1966 of the Ministry of Finance on corporate taxes);
-The American freighter in the mountains by car limp, attach it by horse, by wheelbarrow also are exempt from corporate income taxes;
-In the case of establishments must submit corporate income taxes, but low income or are having difficulties due to natural disasters, accidental champion, could be the Administrative Committee from the district level upwards, consider lowering the corporate income tax exemption or in a given time limit, as proposed by the collecting agency. This deadline due to Administrative Committee decide, depending on the base have stuck or damaged more or less;
-Also, to try the collaborative and individual people to do freight by car craft attach, three guards, who pulled carts, trishaw ride dedicated to cargo, the base is temporarily exempt from corporate income taxes, but in an enterprise tax payable under the new business tax rules.
In these regions the transport conditions are difficult or inadequate means of transportation, in particular on the needs for transport, transport activities by some type of means of transport such as vehicles, cars, boats, Buffalo ... If the Administrative Committee and the temporary decision not yet collect taxes or tax exemption for business enterprises in a given time , is also temporarily free of corporate income taxes during that time.
B. i. TARIFF To distinguish treated different business sectors, new tax rules have three different tariff rules:-a tax for u.s. industry, handicraft, transport, architecture and agriculture industry but not in an agricultural tax,-A tariff for the service industry and catering ,-A tariff for the business sector.
In order to encourage fair reasonable contribution, with earnings (currently also vary) of the business establishment, and encourage increased labor productivity, production development, the new income taxes are progressive tariff.
1. for the primary sector of industry and craft, transport, architecture, agricultural business sector not subject agricultural tax, the tax provisions in the Charter is a progressive tariff each part, from 8% to 22%, applied to the cooperative.
For the individual business households of the above Charter provisions, is to file income taxes according to the tariffs applicable to cooperatives plus 25%; so is to encourage, promote the households goes on the road doing collective dining, simultaneously to the State's preferential attitude cooperative.
However, for the individual business households of the profession that the Administrative Commission, or the city decided not to need to organize into cooperatives because of the nature of the industry, profession, or for the individual household business, produced in remote places, the commercial does not focus no conditions, organize them into cooperatives, the Administrative Committee, the city (or level of Government authorized) may decide only to plus 10%.
2. for service, food and beverage industry, the tax provisions in the Charter is to apply to the individual business households, and is a progressive tariff each part, from 10% to 28%.
To manage the business in this sector and two households to help them assimilate to renovate, the Charter stipulates that business cooperation service and dining industry pay tax according to the tariffs applicable to individual households but was minus 5%.
3. For the business sector, the tax provisions in the Charter is to apply to the individual business households, and is a progressive tariff each part, from 12% to 32%.
Income taxes for the business to business combinations also calculated according to the tariffs on here but was minus 5% as explained in point 2.
II. At present, there are a number of industrial and commercial industrial base business gained too high interest rates; to promote the facilities that the correct business policy of the party and state tax policy, provisions regulating the excessively high interest rates that are as follows: in addition to pay tax according to the tariffs, the base had exceeded income have to file the add a percentage calculated on the excess income. This rate by the Administrative Committee, the city (or level of Government commissioned) decide for each case and are treated between sectors.

Annual income exceeding industry must submit more catering production commercial 1,600 VND VND VND 1,400 and 1,500 part exceeding income from 5% to 15% from 8% to 18% from 10% to 20% tax policy also stipulates the case of tax exemptions to encourage the strengthening of technical equipment take advantage of the incentive, scrap, wastes and use of alternative materials as well as encourage the cooperative movement as basis of State planning, encourage the cooperative collect wounded soldiers involved in production. The case of this exemption will explain in the section below.
C. TAX I. For PRIMARY INDUSTRY SECTOR, INDUSTRY, Transport, Architecture And NON-AGRICULTURAL BUSINESS In CORPORATE FILING 1. Cooperatives: a) taxable income is revenue minus (-) the account decimated physical costs, expenses, and interest income exemption, plus (+) side income.
Revenue: view explained in circular No. 07-TC/TQD on 05 March 1996 of the Ministry of finance.
The account was minus: hao material fees valid expenses and interest income exemption.
Wear and material fees.

When the computer except the physical costs, wear and should note the two terms: the cost of raw materials, wear and fuel, materials and depreciation of fixed assets.
To work the Director of finance for production and business establishments, through the collection of enterprise income tax, the computer except the cost of raw materials, fuel, wear, the material must follow the principle is: the level except at most not more than the norm by the State agency enterprise tools , order defined. If the attrition charge of raw material, fuel, materials of the cooperative made more lower level of enterprises, outsourcing agency order, the Agency collected minus the actual level of the cooperative, and reflect with ordering agency companies to research, to adjust the quota for the suicide with the fact The Administrative Committee, the province, the city needs to determine the responsibility of the enterprises, the Agency must order machining calculates the price and the cost of raw materials, wear limit fuel, materials for suicide, and every time a work order, must send a collection agency to monitor and coordinate the management , help the cooperative implementation of the contract.
Collection agencies must help good management and cooperative use of materials, fuels, materials, specifications, quality assurance of goods. Collection agencies must check the Declaration eventually cost of raw materials, fuels, materials, preventing waste, embezzlement of supplies, at the same time ensuring sufficient income, currency policy.
Calculated excluding depreciation of fixed assets (LOAN) must follow the formula industry, and depreciation calculated separately for each of the fixed assets: depreciation Rates of both years = original fixed assets-the value of the remnant + expenses paid + the cost of repair of the time used in the fall semester of the first business tax according to new tax policy temporary agencies, based on the figures calculated excluding depreciation of fixed assets that are currently applying that tax but must adjust the case minus the depreciation not too clearly reasonable considering the adjusted may soon be, what about the case except other unreasonable depreciation recorded for later with industrial capital agency measures adjusted according depreciation principles stipulated in the cooperative finance industry (issued).
For boat transport, also provisionally apply the current depreciation method of transportation. The Finance Ministry will contact the Ministry of transportation to study the issue and will guide the following.
Note that only the fixed assets are used in the production of the new depreciation. The fixed assets not yet used or not used in production are not calculated depreciation. The fixed asset has depreciated in value but not yet broken out, continues to be used in production, then the basic depreciation does not count anymore but must continue to repair large depreciation calculation to ensure conditional cooperative overhaul of fixed assets.
Expenses.
When the count minus expenses such as costs, management costs of consumption in which business taxes, commodity taxes already paid, then the only recognized those expenses were specified in the mode member co-operatives and must check the certificate from the view of money spent there with the content or not , to timely detect these cases of wasteful spending, the wrong mode.
The following items are not included in the cost or damage to the taxable income:-Money business tax;
-The submission by the agency or another agency collecting the fine;
-The wages paid to employees hired so the rate is allowed to rent (unless stated in the section below);
-The cost of construction of the production server (this paragraph was calculated excluding the depreciation of fixed assets). The cost of raw materials used in the construction of fixed assets to self powered;
-The damage of natural disasters, the enemy (in the scope of review tax exemptions);
-Other expenses not being recognized because of the Revenue Agency is not valid.
Interest free currency.
Currently, in the collective economic organizations, the separation of public money based on income, many months at least; on the other hand, labor productivity in cooperatives still low, many new people into the profession, career level and productivity of labour; so can not have a certain mode of public money. Therefore, when calculating the return on impossible for deducting wages (as for State-owned enterprises), to determine the exemption level of fixed income and for deducting the cooperative's income to taxable income calculated. The extent of this exemption regulations vary between the different professions and between different regions.
-Production lines require labor techniques or simple labor, labor, labor-heavy or light;
-Manufacturing business located in Hanoi, Hai Phong, or in other cities, towns and mountain or in other areas, the price of living is different.
Particularly for some professions need special passport problem and needs to encourage the transfer of the countryside, then the terms of an exemption level currency common to all three sectors (electrical, mechanical, chemical, glass, cooking, navigation: 38 DD; close boats: 34).
In addition, in the mountains, it should encourage the development of jewelry craft, so for the town or rural mountains are the same level as long as each other.
To encourage the cooperative database according to the instructions of the local authorities, the Administrative Committee, the city (or level of Government authorized) can decide for cooperatives enjoy exemption level currency in place of old in a period from one to two years, if the excess currency in the old place higher in the new place. The case automatically move the base did not enjoy this projector terms.
How to calculate free capacity for labor types of cooperatives as follows: – for cooperatives do much directly about the profession, members often worked would then be except a free currency according to the level of regulation for the profession. On the indirect (such as town planning, accounting staff, statistics ...) then the computer except for each person a free currency at the rate prescribed for the main production of the cooperative.
-For the learner in cooperative, if by governing body taken down to train craftsmen for the sector and cooperatives are covered living expenses, then the computer except the half (1/2) long power currency per person, according to the level of regulation for the academic profession. For those who learn other things, if the Congress members and recognized social currency, then be admitted except half (1/2) long power currency per person, according to the level of regulation for the academic profession.
The cooperative has hired employees is calculated excluding the wages paid to the workers, but only be deducted to the extent of that worker Cooperative Organization rules allowed the hiring, i.e. not exceeding 10% of the number of members on the list of social cooperatives and wage deduction of employees hired was not higher than the wages of members of the same level techniques.
For a number of own production facilities serving national defence or export (mechanics, sewing ...) If you have to hire a number of employees exceeding the rate of 10% of the total number of communes, do require sudden plan completed in a short time, and if the governing body, shall be unless the wages during that period as mentioned above for the full number of workers hired.
Calculation of interest income exemption as follows: the total number of the day is over for free productivity = number of Park Township obtained except 25 days each month 25 days of labor is to ensure coherent management of labor and encourage reasonable employers in cooperative production.

For craft cooperatives in the countryside, the computer except the long currency more complicated, because the craft production time intermittently, which alternated with agricultural production, so can base on product stock levels compared to the value on the labor of the same craft trades cooperative elsewhere , that the number of days calculated, and from that calculated productivity numbers as long gained except.
Enclosed herewith by the Guide applies the exemption level.
Extra income extra income consists of the sum of:-the proceeds of selling the scrap, scrap, surplus the difference-on sale of fixed assets after subtracting out depreciation, on selling inexpensive perishable after allocating most of the value on the cost of production,-interest earned on bank deposits ,-the difference about ceding material, fuel, materials for the production facility, the money for the rent, (if applicable),-The return of professional business, such as carrying a rental car, do repairs ... b) Calculate income taxes quarterly or six months is based on the taxable income of an average Town Park , rules out all year, and progressive tax each part appropriately stated in the tariffs.
Tax on the excess income.
The cooperative has exceeded income due to technical improvement, rationalization of production make the labor productivity increase, or due to improved management, should save raw materials, fuels, materials, waste, embezzlement, or by increasing the intensity of labor, then still applies the normal tax (22%) to calculate the tax on business revenues exceeded.
The cooperative due to read improper trading that exceeded income, for example, bought the old material with cheap but high prices with the State; know the price or formula of manufacturing enterprises, the Agency regulation, but not seen to his advantage should not detect to modify, or selling the market with high prices etc. then the excess income to incur 22% tax plus (+) to add a ratio from 6% to 15% by the Administrative Committee, the province, the city decided for each production base, according to the Agency's proposal. The Administrative Committee of the province or city can be commissioned for the Administrative Committee of the district, town or neighborhood, consider and decide the ratio of currency to add this.
Assign additional rates must be based on three elements: – the return exceeded more or less;
-Interest rate high or low in comparison with the same craft cooperatives;
-Business attitude.
c) cases of tax exemption and reduction, extract business.
-Reduced income taxes for the cooperative stores, tools and machinery construction factory.
To encourage the strengthening of technical equipment for trades should go motorized and mechanized half tax regulations, Charter the cooperative practice equipment procurement, construction of factory production, was teaching a tax section to put into the Fund to accumulate. The reduction of this tax has the distinction of the profession and the level of organization of the cooperative. When considering criticism rising, should distinguish two cases:-where the cooperative implementation plan of the current year.
-The case of plan years ago unrealized, the cooperative must accrue through the current year, and if the cumulative fund we have not enough chi. the highest tax rate is quoted in each case assigned as follows: TYPE of COOPERATIVE plan case fitted to the current year's event made plan of two years cornered do a and locus stronghold of the cooperative is not enough chi-advanced cooperatives in the trades: electrical, mechanical, chemical; cooking glass sand; marine transport and closing ferry boat-advanced cooperatives in other professions-medium level cooperatives in all the trades 30% 25% 15% 40% 40% 20% Only cooperatives was officially entitled new the terms quoted above reduction.
The Revenue Agency should urge the authorities to guide the craft cooperatives brought the stores of equipment, machinery and construction, production on the plan, but the basis for the calculation of the tax is not the reduction of competition under the plan that is in the actual number of each settlement period; so generally, the extract reduced taxation said here should only perform in the States paying income taxes.
The cooperative arrangements on medium or high to extract rate decreased due Administrative Committee the province or the city decided, at the suggestion of industrial administration and collection agencies.
-Tax free income for those cases produced by scrap, wastes and alternative materials.
To encourage cooperatives save raw materials, materials and highly developed spiritual self reliant, not one tree Hill back on domestic raw materials, the material of the State, cooperatives use scrap, scrap to make more goods, the cooperative use of raw materials, local materials are allowed to exploit alternative raw materials , materials, due to the import of raw materials, or materials, provided by the State, to make the product, are tax-exempt benefits section made by using scrap, wastes or materials, alternative materials. Tax free period is one year from the date the goods are produced by scrap, scrap, raw materials, alternative materials sold.
Problems using scraps, scrap, raw materials, alternative materials is a fairly complex issue. Need to be based on the actual situation can be specified. Suggest the local reflection on The cases of production cooperatives by scrap, scrap, raw materials, alternative materials, to The collection, study and situation issued the necessary regulations, made pursuant to the aforementioned tax free.
-Reduced, tax free income for the cooperative movement.
To contribute to encouraging the allocation of productive forces, build the new economic zone, the Charter regulations of the cooperative movement basis under the guidance of the local government, if to a new location that produces problems, bad earnings can be the Administrative Committee of the , the city (or level of Government commissioned), consider reducing the tax within a period of from three months to a year as proposed by the collecting agency. Then, if swallowed, it can be consider more tax breaks a period of from three months to one year. The reduced tax rate is as follows:-move to the mountains and to the region are more difficult: reduced from 25% to 50% of the income taxes;
-Move to the other local: rising from 10% to 20%.
For the special hardship cases, the Administrative Committee, the city (or level of Government authorized) can permanently tax exemption within a time limit as stated above. Exemptions apply to both cases: a) move the base according to the planned transfer of local government;
b) moved by the evacuation request, according to the local Government's plan.
In both cases, if the production trouble, faltering earnings due to objective circumstances causing the new cooperatives are considering tax breaks. The circumstances objectively speaking here is decreasing labor productivity than before, due to the supply of raw materials to temporarily get stuck because of circumstances move, lack of water and electricity; the income of the whole cooperative lose at least 25 percent compared to before the move, due to the tight new venue not conducive for producing etc. transportation costs, maintenance costs increase.

If the income of the cooperative faltering due to the subjective defects of the cooperative triggers, such as tight labor shortages, insufficient thought leadership, positive non-communal production, taking advantage of the situation, the travel trade, cooperatives do not enjoy tax exemptions.
-Tax exemption for Veterans participating in cooperative manufacturing industry, transport, architecture ... for production facilities of wounded soldiers need the passport issue in full, at the same time should encourage cooperative u.s. industry, handicraft, transport, architecture, receiving wounded soldiers involved in production so, the Charter stipulated:-wounded soldiers involved in production cooperatives, are exempt from corporate income taxes on its part. Part of this exemption tax cooperatives are handed back to the wounded soldiers.
-The cooperative from 10% of staff over is wounded, are reduced income taxes by an equivalent rate, calculated on the amounts remaining after the deduction for personal exemptions section of the commune members is wounded. If the cooperative has 70% of staff over is the wounded shall be exempt from all income tax cooperatives must submit (after subtracting the personal exemption for joint Town Park is the wounded). Number of tax reduction or exemption for cooperatives, must give up on the cumulative fund of cooperative.
This exemption clause encourages wounded soldiers engaged in the manufacturing industry. Wounded soldiers to join the business sector, the business sector and food industry not this projection.
-Time proceed to extract tax breaks.
The extract reduced income taxes don't do every month, which just made on the tax payment, after each settlement period business of the cooperative. However, if it deems troubled cooperatives, bad earnings, or if the cooperative in in case of a reduced tax rate is large, then the interim monthly income tax calculation, collection agency need phototherapy to the specific situation of the cooperative, to estimate the number of interim currency for monthly survey in order to ease the difficulties for cooperatives, and to avoid tax refund when the payment period to.
-The case of agricultural cooperatives, cooperative business fishing, salt added.
Tax statutes distinguish agricultural cooperatives, cooperative fishing, salt has more business the production craft of the U.S. industry, handicraft, transport, architecture, agricultural business or is not in an agricultural tax, just have to file corporate income tax on the portion of this additional business , as the lowest tax rates in tariffs that is 8%. If more business to other trades such as catering, dining, commercial, then filed income taxes as other cooperative business of this profession, according to the tariffs in the articles 24 and 27 of the Charter.
 Agricultural cooperatives, salt, more minor trades the cum fishing, craft trades, transport, architecture and agricultural business is not in an agricultural tax, also affect the capacity of free currency, about the tax deductions in the case of technical equipment and scrap production wastes tax free, for civil invalids members participate in production. If in minor manufacturing industry Division, industry, transport, architecture, the commune members is wounded soldiers occupy from 10% or more of total communes members of this production, the cooperative also cites tax breaks under a rate equivalent.
Agricultural cooperatives, the cooperative fishing, salt, has industrial production facilities, also are exempt from corporate income tax on the tax exemption for craft products business, says in article 9 of the Charter the business tax.
2. individual business households individual Household production craft, transport, architecture, agricultural business is not in an agricultural tax, enterprise income tax as explained in section B above.
 The individual household production craft, transport, architecture are except each has actually engaged in production and is a major labor free of currency, and except for the extra labour each have reality involved produce half (1/2) long-performing currency.
The taxable income of the individual ministries do the above is the General income of all households, the average per capita share is not involved in production. These households have annual incomes above 1,600 VND to be paid more, the excess income, a rate from 6% to 15% by the Administrative Committee, the city (or level of Government commissioned) decides for each formality, as proposed by the collecting agency.
Income taxes for individual household monthly definitive collection, at the same time with corporate taxes last year of non-payment. How to calculate income tax by the Bureau of State and commercial Guide.
The production base is named, however, manufacturing or production but in essence is the individual, the business must file income taxes as individual households.
II. For DINING And BUSINESS SERVES 1. Individual business households a) taxable income of the individual business households of catering industry and serves as: sales revenue, or revenue minus (-) service purchase money or money to buy fuel, materials, business costs and interest free currency, plus (+) side income (if any).
Purchase money include money purchase and transportation costs from the place of purchase of the store.
The cost of renting business outlets or seat fees, electricity, water, lights, oil money funds buy the books, invoices, cost allocation on repair shops or stores used furniture on business, corporate tax and other expenses are recognized revenue agencies.
Revenue Agency need to grasp the Organization of goods bought on of these individual business households to be able to verify the price and revenue. Need default mode for all individual businesses, if not capable of holding at least bookkeeping must keep enough evidence from buy-in to for inspection by the Agency.
Capacity of individual Household income is exempt except for some free power for itself the name of business registration. For a number of private households in the profession need to have extra family craft, the Agency can consider excluding anymore (1/2) capacity or more for a free performance.
For individual business households have hired people to do and pay the according to the related master workman, the collection agency must report to the Administrative Committee to consider, at the same time on the method for calculating the tax is not deducted the wages paid to employees hiring and except a long fall for yourself people. Peculiar, if local governments agree, then the tax return, except maybe for the more for a free performance.
b) Computer tax of individual households is based on the common interest of both households, the average per capita share is not taking business (as for cooperatives) individual business Households of dining industry, service industry, filed income taxes under the fixed tariff in article 24 of the Charter the business tax.
The average income levels of households every year on 1,500 VND, not counting excess income is obtained due to any cause, are to be paid more from 8% to 18% of the excess income. The rate of collecting more revenue agency based on two factors: income exceeded more or less, and the interest rate is high or low, which suggest with the Administrative Committee of the province, the city (or level of Government commissioned) review the decision for each individual households.
c private land, houses), in the cities and towns have taxable income higher than the level of excess currency regulations for service sector i.e. on 28 April in cities a VND in Hanoi, Haiphong and on 26 April in a DD to other cities and towns have to file income taxes as other business people in the service industry.
2. Nest of cooperation

To distinguish treated the partnership than the individual household, article 25 of the Charter stipulates: the business sector and food industry filed income tax calculated on the taxable income on average members have actually joined the business and according to the tariffs applicable to individual household minus (-) to 5% of the partnership are subtracted for each members are directly involved in the business a long fall. Calculation of long autumn as follows: the total number of the day is over for members = number of free power obtained on the cooperation 25 minus incomes averaged over 1,500 members DD a year. to be paid more from 8% to 18% of the excess income. The rate of collecting more revenue by the Agency suggest to the Administrative Committee, the city (or level of Government commissioned) review the decision for each nest.
The collaboration was commercial enterprise or purchasing cooperatives to use, if the shopping stalls, rows of cabinets, repair order number-shall be reduced by a percentage of income taxes by the percentage amount spent compared to taxable income, but the amount is not more than 10% reduction of the payable tax.
Income taxes for the complex and individual business households of catering and service industries, the definitive monthly income at the same time last year, the business tax is not paid back. How to calculate income tax by the Bureau of State and commercial Guide.
III. for The BUSINESS SECTOR find taxable income and income taxes for individual households and business to business combination is the same as for individual households and the business sector and the catering industry. However, note two points here:-About performance as long currency, then the individual commercial business households though how business organization, also only be minus a productivity.
-Individual Households have annual income (or the average income cooperative members annually) on 1,400 VND, not counting excess income is obtained due to any cause, also are to be paid more from 10% to 20% of the excess income. The rate of collecting more revenue by the Agency suggest to the Administrative Committee, the city (or level of Government commissioned) review the decision for each case.
As for cooperation with industry and food industry businesses have manufacturing industry, livestock, cultivation.
To encourage the business to business sector and food industry transferred production, tax policy regulation is the cooperation in the two aforementioned sectors if there are minor production division of industry and handicraft, or non-agricultural business Department in an agricultural tax , shall be exempt from tax on sales within one year from the date the product has sold out. After that period, if the production parts of the collaboration are also difficult, then the Administrative Committee, the city (or level of Government authorized) may consider additional income taxes, a further period not to exceed one year.
Tax exemption expires, the partnership must pay tax on the income of production parts, but part of this income is taxable, according to tariffs prescribed in article 16, not plus included with the return of sales or business tax dining common.
If the production parts of the collaboration has produced tools for shopping, then taken off some income taxes to put into the Fund to accumulate. The tax rate is reduced by the percentage amount spent compared to taxable income, but the amount is not more than 10% reduction of the payable tax.
D. DISCLOSURE of the cooperative must keep accounting books under the regime of State regulation, to business interest losses settlement three months or six months.
The first 10 days of September after each settlement period business, the cooperative must submit to the Agency collects tax payment Declaration and documents business settlement, under the guidance of the Bureau of currency.
The cooperative must tax payment within 5 days after receiving notice of the tax collection agency.
In the case of merger, dispersed or retired, the cooperative must report to the Agency, to the payment of the interest rate losses on real time business, submit tax payment declaration about the time that business to the Agency, and pay tax on business or stop before switching to the new organization.
The Agency has the responsibility to urge the cooperative file a true tenor, tax declarations, examination and release timely tax alerts. All things to do in the next month the Compact signed the settlement, did not last long.
For individual business households, monthly collecting agency, based on revenue or turnover Declaration has fixed and real interest rate applied to the average of each profession that calculate and collect the tax.
E. TIME EXECUTED for minor industrial cooperatives, handicraft, transport, architecture, agricultural business is not in an agricultural tax, corporate income tax is enforced under the new Charter, since 01-01-1966.
Tax from the beginning of the year for the cooperative under the new Charter, if seen sudden increase tax amount compared with the calculation under the old rules, the income of the cooperative has a sudden turnaround, the Administrative Committee of the province, city or level of Government is the credentials can consider tax reduction to avoid affecting the income of the cooperative create conditions for stable production cooperatives, business.
For the other business establishments (partnership and individual income tax households at the same time with corporate taxes, according to the monthly definitive collection mode) then the gains tax under new rules at the same time with the new business tax, and calculated on the turnover of February 1966 as instructed in the power numbers 11-TC/TQD on 02-02-1966 of the Ministry of finance.
Based on the business tax rules of the National Assembly and the circular explains this, the tax Bureau of State Revenue and commercial responsibility to guide the agencies collect about the specific calculation methods of enterprise income tax.