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...
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.
The Ministry of Finance (MoF) is proposing a regulation that exempts micro and small enterprises from corporate income tax for two years after they have sufficient income subject to taxation.
