THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No. 128/2003/TT-BTC
Hanoi, December 22, 2003
 
CIRCULAR
GUIDING THE IMPLEMENTATION OF THE GOVERNMENT’S DECREE NO. 164/2003/ND-CP OF DECEMBER 22, 2003 DETAILING THE IMPLEMENTATION OF THE LAW ON ENTERPRISE INCOME TAX
 
Pursuant to the Law on Enterprise Income Tax passed on June 17, 2003 by the XIth National Assembly;
Pursuant to the Government’s Decree No. 164/2003/ND-CP of December 22, 2003 detailing the implementation of the Law on Enterprise Income Tax;
Pursuant to the Government’s Decree No. 77/2003/ND-CP of July 1, 2003 defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
The Ministry of Finance hereby guides the implementation as follows:
 
A. SCOPE OF APPLICATION OF THE ENTERPRISE INCOME TAX

>> See also:  DECREE No.107/2009/ND-CP ON TRADING OF LIQUEFIED PETROLEUM GAS THE GOVERNMENT

I. ENTERPRISE INCOME TAX PAYERS
The following organizations and individuals that produce and trade in goods or provide services (referred collectively to as business establishments) and have taxable incomes shall have to pay enterprise income tax:
1. Organizations engaged in goods production and trading and/or service provision:
1.1. State enterprises established and operating under the Law on State Enterprises.
1.2. Enterprises established and operating under the Law on Enterprises.
1.3. Foreign-invested enterprises and foreign parties to business cooperation contracts under the Law on Foreign Investment in Vietnam.
 

 

>> See also:  How to establish a foreign-invested company in Vietnam?