Ordinance No. 14/2004/PL-UBTVQH11 dated April 05, 2004 of the Standing Committee of National Assembly amending and supplementing a number of articles of the Ordinance on income tax on high-income earners

THE STANDING COMMITTEE OF NATIONAL ASSEMBLY -------------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom – Happiness --------------
No. 14/2004/PL-UBTVQH11	Hanoi, March 24^th, 2004

ORDINANCE

AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF THE ORDINANCE ON INCOME TAX ON HIGH-INCOME EARNERS

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, the 10th session;

Pursuant to Resolution No. 17/2003/QH11 of November 4, 2003 of the XIth National Assembly, the 4th session, on the 2004 State budget estimates,

This Ordinance amends and supplements a number of articles of the Ordinance on Income Tax on High-Income Earners, which was passed by the National Assembly Standing Committee on May 19, 2001.

Article 1.- To amend and supplement a number of articles of the Ordinance on Income Tax on High-Income Earners as follows:

1. Article 2 is amended and supplemented as follows:

“Article 2.-

Incomes subject to income tax include:

1. Regular incomes in the forms of salaries, wages, allowances and bonuses; incomes from scientific and technical services, copyrights on use of inventions, trademarks, informatics services, consultancy and training services, and agency services; incomes from royalties; brokerages; incomes outside salaries and wages, which are paid for engagement in production, business and/or service activities not subject to enterprise income tax, except for incomes prescribed in Article 3 of this Ordinance;

2. Irregular incomes in the following forms:

a/ Technological transfer, except for cases of donation thereof;

b/ Lottery prizes.”

2. Article 3 is amended and supplemented as follows:

“Article 3.-

1. To temporarily not collect tax on incomes, which are interests on bank deposits, interests on savings, interests on purchased treasury bonds, bonds, bills and shares.

2. Incomes not subject to income tax include:

a/ Allowances for mobile jobs; allowances for hazardous and dangerous jobs; region allowances; seniority allowances for the armed force, customs and cipher personnel; position and responsibility allowances for officials and public employees; special allowances for those working in a number of offshore islands and border areas subject to exceptionally difficult living conditions; job attraction allowances; working-trip allowances; food ration expenses and allowances for a number of particular branches and occupations according to the State-prescribed regime; and other allowances from the State budget;