Quyết định 39/2000/QĐ-TTg về việc quy định tạm thời ưu đãi về thuế đối với hoạt động kinh doanh chứng khoán của Thủ tướng Chính phủ

DECISION

STIPULATING TEMPORARY TAX PREFERENCES FOR SECURITIES TRADING ACTIVITIES

THE PRIME MINISTER

Pursuant to the Law on Organization of the Government of September 30, 1992;Pursuant to Value Added Tax Law No. 02/1997/QH9 of May 10, 1997 and Enterprise Income Tax Law No. 03/1997/QH9 of May 10, 1997;Pursuant to Domestic Investment Promotion Law No. 03/1998/QH10 of May 20, 1998 (amended);At the proposal of the Minister of Finance,

DECIDES:

Article 1.- To temporarily provide tax preferences for the following organizations and individuals conducting business activities in the field of securities:

- The securities companies;

- The fund-managing companies;

- The issuing organizations with listed securities;

- Securities investing individuals.

Article 2.- On the value added tax

Temporarily not to collect the value added tax on the business activities of the securities companies for three years (from 2000 to the end of 2002); the above-mentioned business activities, on which the value added tax is not collected, include only the securities trading activities specified in Clause 2, Article 29 of the Government’s Decree No. 48/1998/ND-CP of July 11, 1998.

Article 3.- On the enterprise income tax

Apart from the enjoyment of preferential enterprise income tax according to the current regulations:

1. The securities companies and the fund-managing companies shall be entitled to enterprise income tax exemption for one more year and 50% reduction of payable enterprise income tax for two subsequent years.

2. The issuing organizations with listed securities shall be entitled to 50% reduction of payable enterprise income tax for two subsequent years as from the time the securities are firstly listed at the securities trading center.

Article 4.- Securities investing individuals shall be exempt from income tax on high-income earners for the incomes from devidend, bond interests and differences between securities purchase and sale.

Article 5.- Securities trading organizations or individuals shall comply with other current law provisions on tax apart from the preferences specified in Articles 2, 3 and 4 of this Decision.

Article 6.- This Decision takes effect 15 days after its signing.

Article 7.- The Minister of Finance shall have to guide the implementation of this Decision.

The ministers, the heads of the ministerial-level agencies, the heads of the agencies attached to the Government, the presidents of the People’s Committees of the provinces and centrally-run cities shall have to implement this Decision.

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