THE NATIONAL ASSEMBLY
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 09/2003/QH11
Hanoi, June 17, 2003
 LAW
ON ENTERPRISE INCOME TAX
(No. 09/2003/QH11 of June 17, 2003)
 
In order to contribute to boosting the production and business development and mobilizing part of income into the State budget; to ensure equitable and reasonable contributions by organizations and individuals producing and/or trading in goods and/or providing services with incomes;
Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No. 51/2001/QH10 of December 25, 2001 of the Xth National Assembly, its 10th session;
This Law prescribes the enterprise income tax,
 
Chapter I
GENERAL PROVISIONS
Article 1.- Payers of enterprise income tax
Organizations and individuals engaged in goods production and trading and/or service provision (hereinafter referred collectively to as business establishments) with incomes shall all have to pay enterprise income tax, except for the subjects defined in Article 2 of this Law.
Article 2.- Subjects not liable to enterprise income tax
Family households, individuals, cooperation groups and cooperatives engaged in agricultural production with incomes from cultivation, husbandry and aquaculture products are not liable to enterprise income tax, except for family households and peasants engaged in large-scale commodity production with high incomes as defined by the Government.
Article 3.- Interpretation of terms
In this Law, the following expressions shall be construed as follows:
1. Organizations engaged in goods production and trading and/or service provision include State enterprises, limited liability companies; joint stock companies; partnerships; foreign-invested enterprises and foreign parties to business cooperation contracts under the Law on Foreign Investment in Vietnam; foreign companies and organizations doing business in Vietnam not under the Law on Foreign Investment in Vietnam; private enterprises; cooperatives; cooperation groups; economic establishments of political organizations, socio-political organizations, social organizations, socio-professional organizations, peoples armed force units; administrative agencies and non-business units engaged in goods production and trading and/or service provision.