THE PRIME MINISTER
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No. 96/2009/QD-TTg
Hanoi, July 22, 2009
 
DECISION
 
AMENDMENT OF A NUMBER OF ARTICLES OF DECISIONS 65-2009-QD-TTg, 66-2009-QD-TTg AND 67-2009-QD-TTg OF THE PRIME MINISTER OF THE GOVERNMENT DATED 24 APRIL 2009
 
 
THE GOVERNMENT
 
Pursuant to the Law on Organization of the Government dated 25 December 2001;
 
Pursuant to Resolution 21-2008-QH12 of the National Assembly dated 8 November 2008 on estimated State budget for the year 2009;
Having considered the proposal of the Minister of Finance,
 
 
DECIDES:
 
Article 1
Article 3.1 of Decision 65-2009-QD-TTg of the Prime Minister of the Government dated 24 April 2009 issuing a number of mechanisms and policies on development of residential housing for lease by students of universities, colleges, and professional or vocational establishments shall be amended as follows:
"1. To grant fifty (50) per cent reduction of the VAT rate from the effective date of this Decision to 31 December 2009 in respect of activities of investment in or commercial operation1 of residential housing for lease by students of universities, colleges, vocational colleges, and professional or vocational establishments.
To exempt income earned from activities of investment in or commercial operation of residential housing for lease by students of universities, colleges, vocational colleges, and professional or vocational establishments from corporate income tax payable for the year of 2009".
Article 2
Articles 5.2(b) and (c) of Decision 66-2009-QD-TTg of the Prime Minister of the Government dated 24 April 2009 issuing a number of mechanisms and policies on development of residential housing for lease by workers working in industrial zones shall be amended as follows:
"(b) To grant fifty (50) per cent reduction of the VAT rate from the effective date of this Decision to 31 December 2009 in respect of activities of investment in or commercial operation of residential housing for tease by workers working in industrial zones.

(c) To exempt income earned from activities of investment in or commercial operation of residential housing for lease by workers working in industrial zones from corporate income tax payable for the year of 2009".

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