RESOLUTION

ON ISSUING SUPPLEMENTING SOME OF SOLUTIONS OF TAX IN ORDER TO UNTIE DIFFICULTIES FOR ENTERPRISES AND INDIVIDUALS

THE NATIONAL ASSEMBLY OF THE SOCIALIST REPUBLIC OF VIETNAM

Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No. 51/2001/QH10;

Pursuant to the Law on tax administration No. 78/2006/QH11;

Pursuant to the Law on personal income tax No. 04/2007/QH12;

Pursuant to the Law on enterprise income tax No. 14/2008/QH12;

Pursuant to the Law on value-added tax No. 13/2008/QH12;

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RESOLVES:

Article 1. Issuing policy of tax incentives for organizations, individuals

1. Reduce 30% enterprise income tax amounts must pay in 2011 with respect to:

a) Small and medium Enterprises, exclude tax calculated on income from business in lottery, real estate, securities, finance, bank, insurance and income from manufacture goods, services belong to special consume tax and exclude enterprises sorted rank 1, special rank under corporations, enterprises of companies organized according to model parent company - subsidiary company which parent companies are not Small and medium Enterprises hold over 50% owner capital of subsidiary company.

b) Enterprises use many labors in manufacture, processing, agricultural product, forest product, sea product, textiles and garments, leather and shoes, electronic components, construction of social economical infrastructure works.

2. Reduce 50% presumptive tax amounts of value-added tax, personal income tax and enterprise income tax from quarter III of 2011 until the end of 2011 with respect to individuals, households business guest-house, room for lease with workers, employees, students, pupils; households, individuals keep children; households, individuals, organizations supplying shift meals for workers with condition that these households, individuals, organizations keep stable the price of leasing  guest-house, room, price of keeping children and price of supplying shift meals like the end of 2010.

3. Exemption personal income tax from August 01, 2011 until the end of December 31, 2012 for Dividend for individuals from activities invest in securities market, Capital contribution to buy shares of enterprises excluded Dividends of joint-stock banks, finance investment funds, credit organizations.

4. Reduce 50% personal income tax amounts must pay from August 01, 2011 until the end of December 31, 2012 with respect to activities of transfer securities of individuals.

5. Exemption personal income tax from August 01, 2011 until the end of December 31, 2011 with respect to individuals have incomes calculated tax from salaries and wages and from business in the level to pay personal income tax of the grade 1 in Partially progressive tariff specified in the Law on personal income tax No. 04/2007/QH12.

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1. This Resolution takes effect from the day of adopting

2. The Government specifies details and guides for implementation this Resolution

This Resolution has been adopted by the XIII^th National Assembly of the Socialist Republic of Vietnam at its 1^stsession on August 06, 2011.

NATIONAL ASSEMBLY CHAIRMAN




Nguyen Sinh Hung