Tags

Corporate Income Tax

Foreign suppliers pay nearly VNĐ8.7 trillion in taxes this year

Foreign suppliers pay nearly VNĐ8.7 trillion in taxes this year

A total of 120 foreign suppliers have registered, declared and paid taxes worth more than VNĐ8.68 trillion (US$341 million) through the General Department of Taxation (GDT)’s e-portal this year, up by 26 per cent year-on-year and 74 per cent compared to the annual target.
MoF proposes lower tax rate for micro and small enterprises

MoF proposes lower tax rate for micro and small enterprises

In supporting micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the tax rate to 15-17 per cent for those with a total revenue of no more than VND50 billion, instead...
MOF proposes exemption on corporate taxes on income from green bond interest and carbon credits

MOF proposes exemption on corporate taxes on income from green bond interest and carbon credits

The Ministry of Finance is proposing amendments to the Law on Corporate Income Tax to encourage environmental protection and sustainable development
Corporate income tax on smaller enterprises might be cut to as little as 15%

Corporate income tax on smaller enterprises might be cut to as little as 15%

The corporate income tax on small and micro-sized enterprises might be cut to 15-17 per cent from a current common rate of 20 per cent, depending on previous revenues.
Tax, land rent payment deadlines to be extended this year

Tax, land rent payment deadlines to be extended this year

Việt Nam will extend 2024 payment deadlines for VAT, corporate income tax, personal income tax and land rent, impacting nearly VNĐ84 trillion (US$3.3 billion) in total taxes.
NA approves global minimum tax regulations

NA approves global minimum tax regulations

It is estimated that about 113 MNEs in Việt Nam will be affected by the global minimum tax.
Ministry proposes extension of tax payment deadline

Ministry proposes extension of tax payment deadline

The ministry said the extension would support enterprises to overcome difficulty and have resources to invest in production and business, adding that the extension would not affect the state budget balance at both central and local levels.
VN needs to move forward on global minimum tax

VN needs to move forward on global minimum tax

Given the short timeline before the global minimum corporate income tax was in force, experts urged Viet Nam to take action to come up with appropriate tax policies in adaptation to the global minimum corporate tax in order to remain an...
MoF proposes draft to cut corporate income tax

MoF proposes draft to cut corporate income tax

The Ministry of Finance (MoF) has proposed a draft to reduce corporate income tax by 30 per cent to support pandemic-hit businesses for the 2021 financial year.
Viet Nam approves 30% CIT reduction

Viet Nam approves 30% CIT reduction

The Government has decided to implement a 30 per cent corporate income tax (CIT) cut for certain businesses for the 2020 financial year.
​​​​​​​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
Corporate income tax reduction comes into effect

Corporate income tax reduction comes into effect

Resolution 116/2020/QH14 granting a reduction of 30 per cent on corporate income tax (CIT) for eligible enterprises officially has come into effect since Monday.
Resolutions on highway projects, corporate income tax cut approved

Resolutions on highway projects, corporate income tax cut approved

The National Assembly on Friday approved a resolution that will turn three public private partnership (PPP) sub-projects of the North-South Highway to public-invested.
Finance Ministry wants to cut corporate income tax for small and micro businesses

Finance Ministry wants to cut corporate income tax for small and micro businesses

The Ministry of Finance has proposed the Government cut corporate income tax for small and micro businesses by 30 per cent this year.
Tax cuts proposed from SMEs to accelerate growth after COVID-19

Tax cuts proposed from SMEs to accelerate growth after COVID-19

The Ministry of Planning and Investment has asked for corporate income tax (CIT) to be cut for small and medium-sized enterprises (SMEs) by half this year in an effort to boost growth when the COVID-19 pandemic eases.