These following guide on the Law on Special Consumption with Yacht, The Dispatch No. 2738/TCT – CS on Jul, 31th 2012 issued by General Department of Taxation as following;
Pursuant to Clause 3, Article 3 of the Law on Special Consumption No. 27/2008/QH12 on November, 14th 2008 of the National Assembly “The aircraft, yachts used for business purposes freight, tourists ” are not subject to special consumption tax.
Pursuant to Clause 4, Article 3 of Circular No. 05/2012/TT- dated 05/01/2012 of the Ministry of Finance guiding the special consumption tax regulations “4. The aircraft, yachts used for business purposes freight, passenger and tourist business.” are not subject to special consumption tax.
In case of aircraft, yachts are not subject to special consumption tax, but then it is not used for business purposes freight, passenger and tourist business, they will be subject to the special consumption tax.
Enterprises with aircraft, yachts imported with the above converted purpose must declare and pay the tax at the customs office under the guidance of the Ministry of Finance on customs procedures; inspection and supervision agencies; export tax, import duty and tax management for export and import.
Enterprises with aircraft, yachts produced in the country with converted purpose above must declare and pay the tax on the value remaining after deducting the depreciation value in accordance with the tax direct management. ”
This decision shall be of full force since Jul, 31st 2012.
Deputy General Director of the signed
Dated 31/07/2012
Legal document services in Vietnam, Legal services in Vietnam, Labour lawyers in Vietnam, Employment lawyers in Vietnam, Intellectual Property Lawyers in Vietanm, Foreign Invesment Lawyers in Vietanm, Corporate lawyers in Vietanm, International Trade and Taxes, Lawyers
Ngày 31/07/2012
In the evolving landscape of law firms in Vietnam, several critical issues resonate across people,…
In a pivotal move to streamline Vietnam’s digital landscape, the National Committee for Vietnam Digital…
ANT Lawyers, Law Firm in Vietnam Notice Please be advised that ANT Lawyers, an English…
In the wake of the COVID-19 pandemic, the legal industry has found itself at a…
The Ministry of Justice has recently unveiled significant updates regarding the proposal for the amended…
Compared to current Vietnam labour code, the draft of Vietnam employment regulations proposed by Ministry…