THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 98/2002/TT-BTC
Hanoi, October 24, 2002
 CIRCULAR
GUIDING THE IMPLEMENTATION OF TAX EXEMPTION AND REDUCTION FOR SUBJECTS ENTITLED TO INVESTMENT PREFERENCES UNDER THE GOVERNMENT’S DECREE No. 51/1999/ND-CP OF JULY 8, 1999 DETAILING THE IMPLEMENTATION OF DOMESTIC INVESTMENT PROMOTION LAW (AMENDED) No. 03/1998/QH10
Pursuant to the current tax laws and ordinances
Pursuant to the Government’s Decree No.51/1999/ND-CP of July 8, 1999/ND-CP of July 8, 1999 detailing the implementation of the Domestic Investment Promotion Law (amended) No.03/1998/QH10 (hereinafter referred to as Decree No.51/1999/ND-CP for short) and Decree No.35/2002/ND-CP of March 29, 2002 amending and supplementing Lists A, B and C, promulgated in the Appendix to Decree No.51/1999/ND-CP (hereinafter referred to as Decree No.35/2002/ND-CP for short);
Pursuant to the Government’s Decree No.64/2002/ND-CP of June 19, 2002, transforming State enterprises into joint-stock companies (in replacement of the Government’s Decree No.44/1998/ND-CP of June 29, 1998 on transformation of State enterprises into joint-stock companies);
Pursuant to the Government’s Decree No.103/1999/ND-CP of September 10, 1999 on assignment, sale, business contracting, lease of State enterprises;
The Finance Ministry hereby guides the implementation of tax preferences for subjects entitled to investment preferences under the Law on Domestic Investment Promotion as follows:
A. GENERAL PROVISIONS
I. This Circular shall apply to subjects entitled to tax preferences under the Law on Domestic Investment Promotion, including:
1. State enterprises;
2. State enterprises transformed into joint-stock companies under the provisions in the Government’s Decree No.64/2002/ND-CP (replacing the Government’s Decree No.44/1998/ND-CP of June 29, 1998 on transformation of State enterprises into joint-stock companies);
3. State enterprises assigned to labor collectives, or sold to collectives, individuals or legal persons under the provisions in the Government’s Decree No.103/1999/ND-CP of September 10, 1999;
4. Joint-stock companies, limited liability companies, partnerships;
5. Private enterprises;
6. Cooperatives, unions of cooperatives;