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CIT

Food firms in HCM City request financial support in run-up to holidays

Food firms in HCM City request financial support in run-up to holidays

Food companies in HCM City are feeling the pressure of the upcoming holiday season, after months of COVID-19 restrictions.
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
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.
Green growth the future for business

Green growth the future for business

Green growth is an effective sustainable development solution for businesses to counter the effects of climate change, said experts at a conference held in HCM City on April 19.
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:
HCM City imports, exports tumble in first quarter

HCM City imports, exports tumble in first quarter

HCM City''s imports and exports fell by 6 per cent and 7 per cent year-on-year in the first quarter mostly because of lower prices, a socio-economic review meeting last week heard.
Introduction to Corporate Income Tax in Vietnam

Introduction to Corporate Income Tax in Vietnam

Many first and second tier suppliers, including small to medium-size enterprises, are prioritizing their investments into Vietnam, acting on the business potential that it holds for companies involved in a larger supply chain providing goods and services to manufacturing hubs in Asia. It is...