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Law on Corporate Income Tax

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
New CIT law aims to halt tax evasion

New CIT law aims to halt tax evasion

In the latest draft of Law on Corporate Income Tax (CIT), the Ministry of Finance has raised a regulation aimed at preventing multinational companies with related-party transactions from evading taxes.
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:
Tax breaks aimed at attracting investment

Tax breaks aimed at attracting investment

Industrial zones (IZs) may become more appealing if tax incentives are re-introduced. This is the thinking behind a draft law on Corporate Income Tax prepared by the Ministry of Finance.