Vietnam PM enacts 30% cut in 2020 corporate income tax
Under the decree, enterprises’ revenue would be the main criteria to assess whether they are qualified for such a tax reduction.
11:24, 2020/08/20
Vietnam could extend waiving and delaying of tax payments to 2025: PM
An expansionary and flexible fiscal policy would help stimulate aggregate demand, create jobs and boost economic growth, stated Prime Minister Nguyen Xuan Phuc.
10:02, 2020/06/20
Vietnam to cut 30% corporate income tax in 2020
The resolution would take effect after 45 days since the signing date and be applied for this year’s tax payment period.
16:27, 2020/06/12
Vietnam state budget revenue fall 9% in Jan-May on Covid-19
So far, total amount of deferrals of tax payment and land rental fees under the government’s support programs stood at VND37 trillion (US$1.58 billion) as of May.
12:55, 2020/06/11
Vietnam gov’t proposes 30% cut in corporate tax post Covid-19
The tax cut would benefit businesses with revenue in 2020 of less than VND50 billion (US$2.16 million) and a workforce not exceeding 100 employees.
14:56, 2020/05/30
Vietnam records fiscal deficit of over US$330 million in Jan-May
As of May 15, budget revenue collection reached VND529.6 trillion (US$22.7 billion), equivalent to 35% of the year's estimate.
14:49, 2020/05/30
Vietnam gov’t waives taxes to boost economic recovery
More efforts are being made to speed up the economic recovery process while many countries are struggling with the Covid-19 pandemic.