Decree No. 156/2005/ND-CP dated December 15, 2005 of the Government amending and supplementing the Decrees which detail the implementation of the Special Consumption Tax Law and the Value Added Tax Law
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, December 15, 2005
AMENDING AND SUPPLEMENTING THE DECREES WHICH DETAIL THE IMPLEMENTATION OF THE SPECIAL CONSUMPTION TAX LAW AND THE VALUE ADDED TAX LAW
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to November 29, 2005 Law No. 57/2005/QH11 Amending and Supplementing a Number of Articles of the Special Consumption Tax Law and the Value Added Tax Law;
At the proposal of the Minister of Finance,
Article 1.- To amend and supplement a number of articles of the Government’s Decree No. 149/2003/ND-CP of December 4, 2003, detailing the implementation of the Special Consumption Tax Law and the Law Amending and Supplementing a Number of Articles of the Special Consumption Tax Law as follows:
1. Clauses 1 and 2 of Article 5 are amended and supplemented as follows:
“1. For home-made goods, the special consumption tax calculation price shall be the sale price, exclusive of special consumption tax and value added tax, set by production establishments.
For imported goods, the special consumption tax calculation price shall be the import tax calculation price plus (+) import tax. Where imported goods are eligible for import tax exemption or reduction, the tax calculation price shall exclude the exempted or reduced import tax amount.
For bottled liquors or beers which are sold at the prices inclusive of the value of bottles, their special consumption tax calculation prices shall include the value of bottles. For canned beers, their special consumption tax calculation prices shall exclude the value of cans at the level set for 01 (one) liter of beer. The Finance Ministry shall set the specific level of value of cans to be excluded for each period and guide special consumption tax calculation prices on the principle of non-discrimination between home-made goods and imported goods.”
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