Supplementing the State investment capital for state-owned commercial banks

On October 9th, 2020, the Government has just issued Decree 121/2020/ND-CP amendment to clause 2 Article 12 of Decree No. 91/2015/ND-CP dated October 13, 2015 of the government on state capital investment in enterprises and management, use of capital and property in enterprises with amendments thereto under clause 5 Article 1 of Decree No. 32/2018/ND-CP […]

Reduction in corporate income tax

On September 25th, 2020, the Government issued Decree No. 114/2020/ND-CP elaborating the national assembly’s resolution No. 116/2020/QH14 on reduction in corporate income tax payable in 2020 by enterprises, cooperatives, public service providers and other organizations. This Decree applies to corporate income tax (CIT) payers that are organizations that earn taxable income from manufacture and/or sale […]