Decision 05/1999/QĐ-TTg

To exempt value added tax and enterprise income tax for 3 months as from February 1st, 1999 for consignment trading in food, fresh and raw foodstuff, fresh vegetable and fruits to meet the people�s demands in the Tet festival of the Year of the Cat, 1999.

To reduce 50% of VAT rate for 6 months as from Feb. 1st, 1999 for commercial enterprises that apply the deduction method for calculation of VAT on food, fresh and raw foodstuff, fresh vegetable and fruits.

The above-said food, fresh and raw foodstuff, fresh vegetable and fruits must be those produced, raised or caught inside the country. More concretely: Food shall include paddy and rice of different kinds, maize, potato and manioc; Fresh and raw foodstuff shall include meat of livestock, aquatic products; and fresh vegetable and fruits.- (Summary)