Updated at 18/06/2022 - 03:16 pm
On May 13, 05, the People's Committee of Ho Chi Minh City issued Decision 16/2016/QD-UBND on the set of criteria for assigning tax authorities to manage newly established enterprises in Ho Chi Minh City.
Accordingly, to promulgate a set of criteria for assigning tax authorities to manage newly established enterprises in Ho Chi Minh City, as follows:
1. Businesses satisfied 01 (one) of the following criteria will be assigned to the City Tax Department to manage:
a) Criteria for assignment by type of enterprise and size of charter capital:
TT | STATEMENTS | NOTE |
1 | State-owned enterprises | State-owned enterprises will be managed by the City Tax Department |
2 | FDI enterprises, foreign-invested enterprises | FDI and foreign investment enterprises investing under the Investment Law will be managed by the City Tax Department (with an investment certificate). Foreign-invested enterprises investing under the Law on Enterprises with foreign capital/tdriveCapital of 30% or more will be managed by the City Tax Department |
3 | Enterprises projecting BOT, BBT, and BT . projects | Managed by the City Tax Department |
4 | Enterprise under the Management Board of Industrial Park - Export Processing Zone, Hi-Tech Park, Quang Trung Software Industrial Park, whose head office is located in Industrial Park - Export Processing Zone | Managed by the City Tax Department |
5 | Charter capital size | Enterprises with charter capital of 100 billion VND or more will be managed by the City Tax Department |
b) Criteria for assignment by business lines:
Based on the main business line of the enterprise on the enterprise registration dossier, if the main business line is on the list below,ì enterprises assigned to the City Tax Department to manage.
TT | MÃ BRANCH | INDUSTRY NAME SMALL |
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 brokerage |
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) Enterprises with regular export business activities are subject to and eligible for VAT refund.
2. Enterprises that do not meet the above criteria will assign the Tax Department to manage according to location.
