Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc.
E-commerce tax collection: Seen from talking numbers

E-commerce tax collection: Seen from talking numbers

VCN - Thanks to close management solutions, tax revenue from e-commerce has increased yearly. Concerns about the loss of tax revenue in this new field have been gradually pushed back, and the business environment has also become more equitable among econo
Ministry proposes 30 percent decrease in 2021 corporate income tax

Ministry proposes 30 percent decrease in 2021 corporate income tax

The Ministry of Finance (MoF) is proposing a 30 percent reduction in the corporate income tax which enterprises must pay in 2021 in a draft resolution on budget collection solutions which is to be submitted to the National Assembly’s Standing Committee for approval.
Vietnam approves 30% corporate income tax reduction

Vietnam approves 30% corporate income tax reduction

The Government has decided to implement a 30% corporate income tax (CIT) cut for certain businesses for the 2020 financial year.
Ministry of Finance proposes to reduce enterprise income tax

Ministry of Finance proposes to reduce enterprise income tax

VCN- In Vietnam, the majority of enterprises are micro and small (accounting for over 93% of the total number of enterprises). T
Noticing when finalizing PIT on income from salaries or wages

Noticing when finalizing PIT on income from salaries or wages

To support taxpayers when finalizing PIT, the Hanoi Tax Department noticed a number of tax policies on income from wages and salaries
Conditions for tax incentives from socialization activities

Conditions for tax incentives from socialization activities

The Ministry of Finance has sent dispatches to Tax Departments of provinces, and cities on the performance of policies for enterprise income tax for establishments implementing socialization.
SOEs remain biggest tax payers in 2016: rankings

SOEs remain biggest tax payers in 2016: rankings

State-owned enterprises (SOEs) remain the biggest tax payers in Vietnam as they make up nearly 60 percent of the total value of corporate income tax paid by the top 1,000 enterprises of tax contribution (V1000) in 2016.
Supporting business startups: Reduced taxes- Creating Motivation

Supporting business startups: Reduced taxes- Creating Motivation

VCN- The Ministry of Finance has recently reported to the Government a new taxation plan to support startup firms.
Human resources for information technology will be reduced 50% income tax

Human resources for information technology will be reduced 50% income tax

The government has promulgated Resolution No. 41/NQ-CP to determine some tax policies to promote the development and application of information technology (IT) in Vietnam.
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