Vietnam: Supplementing subjects that are eligible for exemption from contributions to natural disaster prevention and control funds

According to Clause 2 Article 1 of Decree No. 83/2019/ND-CP and Decree No. 94/2014/ND-CP of Vietnam’s Government, subjects eligible for exemption from contributions to natural disaster prevention and control funds include:

- War invalids and diseased soldiers and persons eligible for the policy applicable to war invalids;

- Natural parents and spouses of fallen soldiers;

- Persons who are performing their military service duty in the armed forces, and noncommissioned officers and soldiers serving for a given term in the People’s Public Security Forces and enjoying cost-of-living allowance;

- Students studying under long-term formal training programs at universities, colleges, intermediate and vocational training schools;

- Persons with disabilities or persons who have lost 21% or more of their working capacity and people suffering from dangerous diseases certified by district- or higher-level health establishments;

- Persons who are unemployed or do not have any job for 6 months or more in a year;

- Members of poor or near-poor households; members of households seriously afflicted by natural disasters, diseases, fires and accidents; members of households at extremely disadvantaged communes located at coastal areas, islands, region-III communes within ethnic minority or mountainous areas; social protection beneficiaries currently receiving monthly social benefits under the decisions of the Prime Minister, Government’s Decrees and other documents providing amendments or supplements to the aforesaid (if any);

- Cooperatives that have no source of revenues.

- Independent accounting-practicing economic organizations that have spent more than 0.02% of their total asset value on repairing and purchasing assets, workshops and equipment or postponed production and business for 5 days or more in a year due to damage caused by natural disasters.

Thus, the new Decree supplements members of households at extremely disadvantaged communes located at coastal areas, islands, region-III communes within ethnic minority or mountainous areas; social protection beneficiaries currently receiving monthly social benefits to subjects that are eligible for exemption from contributions to natural disaster prevention and control funds from January 01, 2020.

Besides, domestic and foreign economic organizations falling within their remit eligible for enterprise income tax exemption or reduction shall be considered for reduction or suspension of payment of contributions to funds.

View full text at Decree No. 83/2019/ND-CP of Vietnam’s Government, effective from January 01, 2020.

Thu Ba

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