Government to reduce corporate income tax
A proposal to reduce corporate income taxes was raised during a discussion about amendments in the Corporate Income Tax Law on March 18.Currently, a flat 25 percent income tax rate is applied to businesses of all types. The NA Finance and Budget Committee suggested that there be a tax reduction schedule through the year 2020 […]
New tax policy for Vietnamese enterprise
On 07 January 2013, the Government issued Resolution No. 02/NQ-CP introducing various measures to solve the corporate and business difficulties. Accordingly, Enterprises which registered the VAT under the credit method are entitled to postpone the payment of VAT for January, February and March 2013 for a period of 06 months. Eligible Enterprises shall include: Small and medium […]