THE GOVERNMENT
Resolution No. 63/NQ-CP dated August 25, 2014 of the Government on tax solutions to remove problems and difficulties and promote the business development
Pursuant to the Law on Organization of Government dated December 25, 2001;
Pursuant to Decree No. 08/2012/ND-CP dated February 16, 2012 of the Government issuing the working regulation of the Government;
On the basis of Report of the Ministry of Finance (Report No. 95/TTr-BTC dated July 28, 2014), the discussion of Government members and conclusion of the Prime Minister at the regular meeting held on 30, 31, July, 2014.
DECIDES:
I. TAX SOLUTIONS TO REMOVE PROBLEMS AND DIFFICULTIES AND PROMOTE THE DEVELOPMENT OF BUSINESSES UNDER AUTHORITIES OF THE GOVERNMENT AND THE PRIME MINISTER
1. Extending the time limit for tax payment no more than 60 days for VAT of machinery and equipment imported to create fixed assets of the investment project with the total import value from 100 billion dong or more. The Ministry of Finance will direct the tax bodies to carry out tax refund prior to inspection within 05 working days, from the day the tax bodies receive dossier to request tax refund from businesses.
2. Extending the time limit for tax payment no more than 02 years, from the end day of time limit for tax payment for investment projects that have not been paid the basic construction investment capital specified in the state budget state. The amount of tax extended must not exceed the unpaid amount of the state budget and the extended time must not exceed the time of unpaid state budget.
3. Businesses may include the expenditures of welfare nature directly paid to laborers of which businesses have the prescribed invoice or document in the deductible expenditure; the total expenditure is not more than 01 average salary month of actual implementation.
4. For licensed investment projects of which the dossier for first registration of investment sent to the licensing body with the registered investment capital, investment phase and specific progress, the investment projects licensed to carry out the investment for the subsequent stages of actual cases of implementation are regarded as the component projects of investment projects licensed for the first time and entitled to preferential business income tax at the preferential rate currently applicable to the investment projects firstly invested. For the investment projects licensed prior to January 01, 2014, the preferential tax entitled for the remaining preferential time is calculated from January 01, 2014 (No application of actual implementation prior to January 01, 2014);
For businesses entitled to the preferential business income tax of period 2009-2013 with their regular investment in machinery and equipment during production and business, then they will be entitled to the preferential business income tax for the additionally increased income (no re-settlement to cases which have been implemented).
