Are university students in Vietnam entitled to exemption of contribution to the natural disaster prevention and mitigation fund?

Are university students in Vietnam entitled to exemption of contribution to the natural disaster prevention and mitigation fund?

Pursuant to Article 13 of the Decree 78/2021/NĐ-CP stipulating persons and entities eligible for exemption, reduction or deferment of payment of contributions as follows:

1. Persons and entities eligible for exemption, reduction or deferment of payment of contributions:

a) Persons entitled to the preferential treatment intended for people with meritorious services to the revolution according to the provisions of Article 3 of the Ordinance on Incentives for people with meritorious services to the revolution No. 02/2020/UBTVQH14 dated December 9, 2020.

b) Social protection beneficiaries that are enjoying monthly welfare;

c) Non-commissioned officers and soldiers joining the armed services within a definite term who are receiving living allowance.

d) Students and learners who are taking intensive and long-term courses at universities, colleges, secondary schools and vocational schools.

dd) Persons who are handicapped or are incapacitated at the rate of 21% or more, persons suffering from fatal diseases or mental illnesses that hold medical certificates issued by hospitals at the district or higher level.

e) Persons who are unemployed or jobless for 6 months in a year or a longer period.

g) Women that are rearing their children aged under 12 months.

h) Members of poor or near-poor households; members of households at extremely disadvantaged communes located at coastal areas, islands, region-III communes and extremely disadvantaged villages within ethnic minority or mountainous areas as referred to in Government’s Decrees, Prime Minister’s Decisions and other relevant legislative documents; members of families seriously afflicted by natural disasters, diseases, fires and accidents.

i) Cooperatives earning no revenue.

k) Domestic and foreign economic organizations that operate in the localities suffering damage to property, factories and equipment caused by natural disasters in a year to the extent that the cost incurred from repair or purchase accounts for 0.02 % of total value of their asset, or their production and business must be temporarily closed for 5 consecutive days or more as certified by the district-level People's Committees, or they are exempted from the requirement for payment of corporate income tax.

2. Persons and entities eligible for reduction or deferment of payment of contributions:

If any domestic and foreign economic organization within a province is entitled to a reduction in corporate income tax, they may be considered eligible for reduction in or suspension of contributions to the provincial fund. The rates of reduction in contributions to a fund are equivalent to the rates of reduction in corporate income tax announced by tax authorities on an annual basis.

As regulations above, if you are students who are taking intensive and long-term courses at that university, you are eligible for exemption of contribution to the natural disaster prevention and mitigation fund.

Are university students in Vietnam entitled to exemption of contribution to the natural disaster prevention and mitigation fund? - Source: Internet

Who has the authority to decide on exemptions, reductions, and deferrals of the natural disaster prevention and mitigation fund, and the duration of such exemptions, reductions, and deferrals in Vietnam?

Pursuant to Article 14 of the Decree 78/2021/NĐ-CP stipulating authority to decide exemption, reduction, deferment and duration of exemption, reduction and deferment as follows:

1. District-level People's Committees shall compile lists of entities specified at Points i and k, Clause 1 and Clause 2 of Article 13 of this Decree and submit them to the Presidents of the provincial-level People's Committees to seek their decisions on exemption, reduction or deferment of contributions to the Fund. The period of deferment of contributions to the Fund is from 06 months to 01 year.

2. Communal-level People's Committees shall compile lists of the rest persons and entities specified in Clause 1 of Article 13 of this Decree and submit them to the Presidents of the district-level People's Committees to seek their decisions on exemption from payment of contributions to the Fund.

3. The consideration of exemption, reduction and suspension of contributions to the provincial Fund by each local authority shall take place once a year at the time of setting targets of the provincial-level fund collection plan. In cases of exemption, reduction or deferment due to damage caused by natural disasters or epidemics, organizations and individuals must send damage reports and recommendations to local authorities for their preparation of a general report to be sent to competent agencies for consideration of exemption, reduction or deferment. If any of them has made contributions to the provincial fund, and is eligible for exemption, reduction or deferment, the paid amount will be deducted from the next year's contribution amounts.

As regulations above, district-level and communal-level People's Committees shall on exemptions, reductions, and deferrals of the natural disaster prevention and mitigation fund, and the duration of such exemptions, reductions, and deferrals in Vietnam.

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