THE MINISTRY OF FINANCE

Circular No. 83/2012/TT-BTC of May 23, 2012, guiding the exemption, reduction and deferment of payment of a number of state budget revenues according to the Government’s Resolution No. 13/NQ-CP of May 10, 2012, on a number of solutions for removing production and business difficulties and supporting the market
Pursuant to June 3, 2008 Law No. 13/2008/QH12 on Value-Added Tax;
Pursuant to June 3, 2008 Law No. 14/2008/QH12 on Enterprise Income Tax;
Pursuant to November 29, 2006 Law No. 78/2006/QH11 on Tax Administration;
Pursuant to December 16, 2002 Law No. 01/2002/QH11 on the State Budget;
Pursuant to the Government’s Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance.
The Ministry of Finance guides the implementation of the Government’s Resolution No. 13/NQ-CP of May 10, 2012, on a number of solutions for removing production and business difficulties and supporting the market as follows:
Article 1. Deferment of value-added tax payment
1. To defer for 6 months the value-added tax (VAT) payment of April, May and June of 2012 (excluding VAT at the importation stage) for the following enterprises that currently pay VAT by the credit method:
a/ Small- and medium-sized enterprises including cooperatives (below referred to as small- and medium-sized enterprises), excluding those doing business in lottery, securities, finance, banking or insurance, production of commodities or provision of services liable to excise tax and grade-1 or special-grade enterprises of economic groups or corporations;

b/ Labor-intensive enterprises engaged in production and processing of agricultural, forest and aquatic products, textiles and garments, leather and footwear, electronic components or construction of socio-economic infrastructure facilities (below referred to as labor-intensive enterprises).