DECISION
ON CORRECTING THE FINANCE MINISTRYrsquo;S CIRCULAR NO. 130/2008/TT-BTC OF DECEMBER 26, 2008, GUIDING THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF BUSINESS INCOME TAX LAW NO. 14/2008/QH12, AND GUIDING THE IMPLEMENTATION OF THE GOVERNMENTrsquo;S DECREE NO. 124/2008/ND-CP OF DECEMBER 11, 2008, WHICH DETAILS THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF THE LAW ON BUSINESS INCOME TAX
THE MINISTER OF FINANCE
Pursuant to November 12, 1996 Law on Promulgation of Legal Documents; December 16, 2002 Law Amending and Supplementing a Number of Articles of the Law on Promulgation of Legal Documents;
Pursuant to the Governmentrsquo;s Decree No. 104/2004/ND-CP of March 23, 2004, on the Official Gazette of the Socialist Republic of Vietnam; and the Governmentrsquo;s Decree No. 151/2005/ND-CP of December 27, 2005;
Pursuant to the Governmentrsquo;s Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
At the proposal of the General Director of the General Department of Taxation,
DECIDES:
Article 1. To correct the second em rule, Point 1.3, Clause 1, Section III, Part H of the Finance Ministryrsquo;s Circular No. 130/2008/TT-BTC of December 26, 2008, guiding the Business income tax as follows:
- Already published:
ldquo;1. Tax exemption for 4 years and a 50% reduction of payable tax amounts for 9 subsequent years are applicable to:
1.3. Enterprises newly established under investment projects on:
- Development of water plants, hydropower plants, water supply and drainage systems; bridges, roads, railways; airports, seaports, river ports; airfields, stations and other infrastructure works of special importance as decided by the Prime Minister.rdquo;
- Now corrected as follows:
ldquo;1. Tax exemption for 4 years and a 50% reduction of payable tax amounts for 9 subsequent years are applicable to:
1.3. Enterprises newly established under investment projects on:
- Development of water plant, electricity plants, water supply and drainage systems; bridges, roads, railways; airports, seaports, river ports; airfields, stations and other infrastructure works of special importance as decided by the Prime Minister.rdquo;
Article 2. This Decision takes effect 45 days from the date of its signing and applies from the 2009 tax period.nbsp;