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Corporate Income Tax (CIT)

​​​​​​​Decree must ensure firms benefit from tax cut

​​​​​​​Decree must ensure firms benefit from tax cut

Under the draft, the tax cut would be given to enterprises with total revenue of less than VND200 billion (US$8.62 million) in 2020
93% enterprises to benefit from cut in corporate income tax

93% enterprises to benefit from cut in corporate income tax

About 700,000 enterprises are expected to enjoy a cut in corporate income tax (CIT) to between 15-17 per cent since July 1 this year, down from the current rate of 20 per cent.
Deputy PM demands tax hike reviews, experts beg to differ

Deputy PM demands tax hike reviews, experts beg to differ

Deputy Prime Minister Vuong Dinh Hue asked that the Ministry of Finance’s controversial new amendment drafts to tax laws be adjusted to meet both the national growth plan and the current economic climate.
Tax incentives to help firms beat difficulties

Tax incentives to help firms beat difficulties

Viet Nam plans to impose a 17 per cent corporate income tax (CIT) for four years from January 1, 2017, on businesses making less than VND20 billion (US$893,000) in revenue.
Tax incentives offered for software enterprises

Tax incentives offered for software enterprises

To encourage the development of the software industry, the Vietnamese Government offers special incentives on corporate income tax (CIT) for enterprises in this industry, such as preferential tax rates, CIT exemption and a reduction period: