Guidance to implement the resolution No. 08/ 2011/ QH 13
05:20 14/12/2011
To help enterprises, organisations and individual minimize difficulties, the Government issued Decree No.101/2011/ND-CP dated November 04, 2011 detailing the implementation of the resolution No.08/ 2011/ QH 13 dated August 06, 2011 of the National Assembly on additional issuance of some tax solutions to remove difficulties for enterprises and individuals.
The decree also stipulates to reduce 50% of lump-sum tax of value added tax, personal income tax from July 01, 2011 till the end of December 31, 2011 to households, individuals trading guest-house, room used for renting out workers, students, pupils; households, individuals caring for children; households, individuals supplying shift meals for workers. However, these households, business individuals and enterprises must commit to stabilize the prices for renting out guest-house, room, caring for children, supplying shift meals in 2011 as the price rates made in December 2010.
Notably, in the same time if the enterprises are enjoyed various preferential tax rates for an item, they may be selected the most favorable tax incentive.Where the enterprises being in the time to be enjoyed preferential enterprise income tax as prescribed by law, the enterprise income tax amount reduced under the provisions of this Decree shall be calculated on the remaining tax amount after being subtracted the enterprise income tax amount that the enterprises are enjoyed incentives.
This Decree takes effect as from December 20, 2011./.-ITD