THE GOVERNMENT

Decree No. 121/2011/ND-CP of December 27, 2011, amending and supplementing a number of articles of the Government’s Decree No. 123/2008/ND-CP of December 8, 2008, detailing and guiding a number of articles of the Law on Value-Added Tax

THE GOVERNMENT

Pursuant to the December 25, 2001 Law on Organization of the Government;

Pursuant to the June 3, 2008 Law on Value-Added Tax; At the proposal of the Minister of Finance,

DECREES:

Article 1. To amend and supplement a number of articles of the Government’s Decree No. 123/2008/ND-CP of December 8, 2008, detailing and guiding a number of articles of the Law on Value-Added Tax, as follows:

1. To amend and supplement Clause 2, Article 2 as follows:

“2. Vietnam-based production and business organizations and individuals that purchase services (including services associated with goods) from foreign organizations without permanent establishments in Vietnam or overseas individuals not residing in Vietnam shall pay value-added tax. Permanent establishments and overseas individuals not residing in Vietnam defined in this Clause comply with the laws on enterprise income tax and personal income tax.

The Ministry of Finance shall specify this Clause.”

2. To add the following Clause 3 to Article 2: