THE MINISTRY OF FINANCE

Circular No. 170/2011/TT-BTC of November 25, 2011, guiding the implementation of the Prime Minister’s Decision No. 54/2011/QD-TTg of October 11, 2011, on prolonging 2011 enterprise income tax payment deadlines for labor-intensive enterprises in some sectors to help them overcome difficulties and boost their production and business

Pursuant to the Law on Enterprise Income Tax and guiding documents; Pursuant to the Law on Tax Administration and guiding documents; Pursuant to the Government’s Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

Pursuant to the Prime Minister’s Decision No. 54/2011/QD-TTg of October 11, 2011, on prolonging 2011 enterprise income tax payment deadlines for labor-intensive enterprises in some sectors to help them overcome difficulties and boost their production and business;

The Ministry of Finance guides the prolongation of enterprise income tax payment deadlines as follows:

Article 1. General provisions

1. The deadlines for payment of 2011 enterprise income tax as prescribed in the Tax Administration Law will be prolonged for one (1) year for laborintensive enterprises or cooperatives (below collectively referred to as enterprises), specially:

a/ The 2011 payable enterprise income tax amounts calculated on incomes from production or processing of agricultural-forest-fishery products, textile and garment, leather and footwear and electronic components. Activities of production or processing of agricultural-forest-fishery products, textile and garment, leather and footwear and electronic components specified in this Clause are based on the economic sector system of Vietnam promulgated together with the Prime Minister’s Decision No. 10/2007/QDTTg of January 23, 2007.

b/ The 2011 payable enterprise income tax amounts calculated on incomes from construction and installation of water or power plants, power transmission and distribution works, water supply and drainage systems, roads, railways, airports, seaports, river ports, airfields, stations, car terminals, schools, hospitals, cultural houses, cinemas, art-performing establishments, sports facilities, wastewater and solid waste treatment works, information and communication works and irrigation works for agriculture, forestry and fisheries.

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