Vietnam: Sources of revenue of central government budget wholly retained by central government budget

09:05, 31/12/2016

This is an outstanding content of the Decree No. 163/2016/NĐ-CP of Vietnam’s Government on guidelines for the Law on State budget of Vietnam.

According to the Decree No. 163/2016/NĐ-CP of Vietnam’s Government, sources of revenue of central government budget shall be wholly retained by central government budget or distributed between central government budget and local government budgets (%). Specifically, sources of revenue of central government budget wholly retained by central government budget include:

- VAT on imported goods;

- Export and import duties;

- Special excise tax on imported goods, including special excise tax on imported goods continuously sold in domestic market by the import business entity;

- Environmental protection tax on imported goods;

- Severance tax, corporate income tax, value-added tax, profits distributed to home country, charges, water surface rents, taxes, charges and other revenues from petroleum exploration and extraction;

- Grant aid provided by the government of other countries, international organizations, other overseas organizations and individuals for Vietnam’s government;

- …

View more details at Decree No. 163/2016/NĐ-CP of Vietnam’s Government, effective from January 01, 2017.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

95 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn