Notes on 2021 CIT finalization

Notes on 2021 CIT finalization

VCN – To help enterprises declare 2021 Corporate Income Tax (CIT) finalization, Hanoi Taxation Department has given notes to taxpayers
1,000 enterprises combine to make largest CIT payment in 2020

1,000 enterprises combine to make largest CIT payment in 2020

VCN – The General Department of Taxation has disclosed the 2020 rankings of V1000 enterprises that made largest corporate income tax (CIT) payments.
Firms with revenue of less than VND200 billion to enjoy 30% CIT cut

Firms with revenue of less than VND200 billion to enjoy 30% CIT cut

VCN - National Assembly Chairman Vuong Dinh Hue signed and promulgated Resolution 406 on solutions to support businesses and individuals affected by the Covid-19 pandemic.
Confusion over regulation on calculating late payment interest for CIT

Confusion over regulation on calculating late payment interest for CIT

VCN – One of the concerns ofthe business community is related to regulations described in point b, clause 6 of Article 8 of Decree No. 126/2020/ND-CP dated October 19, 2020 on the calculation of late payment interest for corporate income tax (CIT).
CIT revenue in first two months records good result

CIT revenue in first two months records good result

VCN – The revenue of the tax sector in the first two months of the year saw good results both in progress and collection rate compared to a few recent years. 
Ministry of Finance’s proposal on tax reduction included in the program to consult the Standing Committee of the National Assembly

Ministry of Finance’s proposal on tax reduction included in the program to consult the Standing Committee of the National Assembly

VCN - The application of preferential policies for small and micro enterprises is to effectively promote the supporting policies and avoid spreading incentives
Notes to avoid errors in tax settlement

Notes to avoid errors in tax settlement

VCN - Ho Chi Minh City Tax Department and district tax branches have just released some notes for businesses on corporate income tax (CIT) settlement in 2018.
Delay in the CIT finalization: Tax records of enterprises will be "marked"

Delay in the CIT finalization: Tax records of enterprises will be "marked"

VCN- 2 April 2018 is the last day for submitting tax finalization documents and corporate income tax (CIT). As noted in some tax branches of the Hanoi Tax Department, there is no overloading operation because of the good preparation of the tax authorities
Enterprises take the initiative in tax settlement soon

Enterprises take the initiative in tax settlement soon

VCN - March is a peak month in the tax settlement of individuals and enterprises.
Why are 5 laws on tax required to be amended at the same time?

Why are 5 laws on tax required to be amended at the same time?

VCN - It is expected that in the third quarter of 2017, the Government will report to the National Assembly Standing Committee to include the Bill into the law and ordinance making program 2018 of the National Assembly
Notices to implement 2016 CIT finalization

Notices to implement 2016 CIT finalization

VCN - To continue to support taxpayers to implement 2016 Corporate Income Tax (CIT) finalization as prescribed, the Hanoi Tax Department guided some notices on CIT.
The peak month of 2016 Tax Finalization: closely support taxpayers

The peak month of 2016 Tax Finalization: closely support taxpayers

VCN - Mr. Mai Son, Deputy Director of Hanoi Tax Department shared about the preparation of the Hanoi Tax Department in the peak month.
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