Tags Truong Chi Trung Government lowers income tax for firms Friday, Aug 22, 2014 Viet Nam''s Ministry of Finance has cut the general enterprise income tax rate to 22 per cent from 25 per cent from 2014 on and to 20 per cent by 2016. VN, Palestine sign double tax avoidance agreement Friday, Nov 08, 2013 Viet Nam and Palestine signed an agreement on double taxation avoidance and prevention of income and asset tax evasion in Ha Noi on Wednesday.