On May 13, 2016, the People's Committee of Ho Chi Minh City issued... Decision 16/2016/QD-UBND on the criteria for assigning tax authorities to manage newly established businesses in Ho Chi Minh City..
Criteria for assigning tax authorities to manage newly established businesses in Ho Chi Minh City.
1. Businesses that satisfy one (01) of the following criteria will be assigned to the City Tax Department for management.
a) Criteria for assignment based on type of business and registered capital size:
|
TT |
CRITERIA |
NOTE |
|
1 |
State-owned enterprises |
State-owned enterprises will be managed by the City Tax Department. |
|
2 |
FDI enterprises, enterprises with foreign investment capital |
FDI enterprises, foreign-invested enterprises investing under the Investment Law, will be managed by the City Tax Department (with investment certificates). Enterprises with foreign investment capital investing under the Enterprise Law with foreign capital contributions/tdriveCompanies with capital contributions of 30% or more will be managed by the City Tax Department. |
|
3 |
BOT, BBT, BT project enterprises |
Managed by the City Tax Department |
|
4 |
Businesses under the management of the Quang Trung Industrial Park - Export Processing Zone, High-Tech Park, and Software Industrial Park, with their headquarters located within the industrial park or export processing zone. |
Managed by the City Tax Department |
|
5 |
Registered capital size |
Businesses with registered capital of 100 billion VND or more will be managed by the City Tax Department. |
b) Criteria for assignment based on business sector:
Based on the main business activities of the enterprise as stated in the business registration documents, if the main business activities are included in the list below, then...ì The business is assigned to the City Tax Department for management.
|
TT |
MÃ BRANCH |
DEPARTMENT NAME |
|
1 |
|
Hard coal and lignite mining |
|
2 |
B0510 |
Mining and collecting hard coal than |
|
3 |
B0610 |
Crude oil extraction |
|
4 |
B0620 |
Natural gas extraction |
|
5 |
B0710 |
Iron ore mining |
|
6 |
B0721 |
Mining of uranium ore and thorium ore |
|
7 |
B0722 |
Mining of other metal ores that do not contain iron |
|
8 |
B0730 |
Mining precious metal ores |
|
9 |
D3510 |
Generation, transmission and distribution of electricity |
|
10 |
D3520 |
Gas production, gas fuel distribution by pipeline |
|
11 |
H5011 |
Coastal and oceanic passenger transport |
|
12 |
H5012 |
Coastal freight and ocean |
|
13 |
K6411 |
Central banking operations |
|
14 |
K6419 |
Other Money Intermediation |
|
15 |
K6420 |
Activities of the company holding assets |
|
16 |
K6430 |
Activities of trusts, funds and other financial institutions |
|
17 |
K6491 |
Financial leasing activities |
|
18 |
K6492 |
Other public credit activities |
|
19 |
K6499 |
Other financial service activities not elsewhere classified (except insurance and social insurance) |
|
20 |
K6511 |
Life insurance |
|
21 |
K6512 |
Non-life insurance |
|
22 |
K6520 |
Reinsurance |
|
23 |
K6530 |
Social insurance |
|
24 |
K6611 |
Financial market management |
|
25 |
K6612 |
Commodity and securities contract brokers |
|
26 |
K6619 |
Financial services support activities n.e.c |
|
27 |
K6621 |
Risk and damage assessment |
|
28 |
K6629 |
Other support activities for insurance and social insurance |
|
29 |
K6630 |
Fund management activities |
|
30 |
R9200 |
Lottery, betting and gambling activities |
|
31 |
U9900 |
Activities of international organizations and agenciesYes |
c) Businesses engaged in regular export production and trading activities are eligible for value-added tax refunds.
2. Businesses that do not meet the above criteria will be assigned to the Tax Department for management based on their geographical area.