Business tax rates remain the same in 2012

The General Department of Taxation has just issued Official Dispatch No. 4355/TCT-CS guiding local tax departments on the implementation of business license tax in 2012.

According to the new guidance of the tax industry, the government has not yet made a new decision on business license tax, so tax collection from business households and individuals will continue to maintain the same tax rate as in 2011.

In case of households and individuals doing business with major changes in business situation, or just starting business in 2012, tax authorities at all levels will base on regulations and local reality to determine the appropriate business license tax level.

Illustration: Internet

According to current regulations, individual business households pay business license tax at 6 different rates. Groups of employees of enterprises that receive contracts to do business together pay a common business license tax at the rate of 1 million VND/year.

In case the business establishment of the group of workers has shops, service business points... in many different locations, each point must pay business license tax at the rate of 1 million VND/year.

In case a group of employees or a group of workers receive contracts, but each individual in the contracted group conducts business separately, each individual in the group must pay separate business license tax.

For economic organizations, the payment of business license tax is based on the registered capital stated in the business registration certificate or investment license and is divided into 4 levels. Specifically, if the registered capital of the enterprise is over 10 billion VND, the business license tax is 3 million VND/year; from 5-10 billion VND: 2 million VND/year; from 2-5 billion VND: 1.5 million VND/year and under 2 billion VND: 1 million VND/year.

Also according to current regulations, the business license tax is temporarily reduced by 50% for fishing households; commune people's credit funds; cooperatives specializing in agricultural production services; cooperative shops and stalls and private enterprises operating in mountainous areas.

According to VNA/Vietnam+