Decree No. 108/2002/ND-CP dated December 25, 2002 of the Government annulling the regulation on input Value Added Tax (VAT) deduction in percentage (%) for a number of goods and services

THE GOVERNMENT -------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------
No: 108/2002/ND-CP	Hanoi, December 25, 2002

DECREE

ANNULLING THE REGULATION ON INPUT VALUE ADDED TAX (VAT) DEDUCTION IN PERCENTAGE (%) FOR A NUMBER OF GOODS AND SERVICES

THE GOVERNMENT

Pursuant to the Law on Organization of the Government of December 25, 2001;

Pursuant to the VAT Law No. 02/1997/QH9 of May 10, 1997;

Pursuant to Point 2, Section II of Resolution No. 09/2002/QH11 of November 28, 2002 of the XIth National Assembly, the second session, on the 2003 State budget estimation;

At the proposal of the Minister of Finance,

DECREES:

Article 1.- To annul the VAT deduction in percentage (%) calculated on the prices of purchased goods and services, except for special consumption tax-liable goods purchased from domestic production establishments for sale by trading establishments which pay VAT by the tax deduction method prescribed at:

1. Point d of Clause 1 and Point c of Clause 2, Article 9 of the Governments Decree No. 79/2000/ND-CP of December 29, 2000 detailing the implementation of the VAT Law.

2. Clause 3, Article 1 of the Governments Decree No. 76/2002/ND-CP of September 13, 2002 amending and supplementing a number of articles of the Governments Decree No. 79/2000/ND-CP of December 29, 2000 which details the implementation of the VAT Law.