Reduction of special excise tax and severance tax for taxpayers facing difficulties caused by unexpected natural disasters

Circular No 80/2021/TT-BTC provisions on reduction of special consumption tax and royalties for taxpayers facing difficulties.

Subjects eligible for special consumption tax and natural resource tax reduction under the new regulations

Based on Point c, Point d Clause 1 Article 52 of Circular No. 80/2021/TT-BTC, taxpayers entitled to special excise duty and severance tax shall be specified as follows:

"Article 52.- Procedures and cases in which tax authorities notify and decide tax exemption or reduction

1. Tax authorities shall notify and decide tax exemption or reduction in the following cases:

...

c) Special excise tax reduction for taxpayers producing goods subject to special excise tax and meeting with difficulties due to natural disasters or unexpected accidents in accordance with the law on special excise tax;

d) Exemption and reduction of severance tax for taxpayers that suffer from natural disasters, fires, or accidents that cause damage to the natural resources that have been declared and paid;

..."

Therefore, the special consumption tax and natural resources tax in Vietnam shall be reduced for the cases specified at Points c and d, Clause 1, Article 52 of this Circular.

Reduction of special excise tax and severance tax for taxpayers facing difficulties caused by unexpected natural disasters

Documents and procedures for special excise tax reduction in case the taxpayer manufactures goods subject to special excise tax and faces difficulties caused by natural disasters in Vietnam or unexpected accidents

Pursuant to Article 55 of the Circular No. 80/2021/TT-BTC prescribing procedures for application for special consumption tax reduction for taxpayers producing goods subject to special consumption tax and encountering difficulties caused by natural disasters in Vietnam or unexpected accidents as follows:

- For taxpayers facing difficulties caused by natural disasters in Vietnam, a tax reduction dossier comprises:

+ A written request made according to form No.

+ A record determining the extent and value of property damage made by a competent agency and certified by the commune-level administration of the locality where the natural disaster occurs, made according to form No.

Agencies competent to determine the extent and value of damage shall be finance agencies or agencies expertising the extent and value of property damage.

a.1) A letter of attorney if the taxpayer authorizes a legal representative to follow the procedure.

+ The financial statement (if the enterprise is an enterprise), enclosed with an explanation on the calculation of the damage and the loss amount caused by the damage.

- For taxpayers facing difficulties caused by unexpected accidents, a tax reduction dossier comprises:

+ A written request made according to form No.

+ A document or a written certification of the accident, with police certification or a health agency's certification of the degree of injury.

+ Papers evidencing the indemnity by the insurance agency or the compensation agreement of the person causing the accident (if any).

+ Vouchers of payment directly related to the remedy of the accident.

 

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