HCMC – The Standing Committee of the National Assembly (NA) is considering a proposal to reduce corporate income tax for media organizations, including online outlets, to alleviate the rising financial pressure on the sector.
Nguyen Dac Vinh, chairman of the NA Committee for Culture and Education, presented the proposal at a meeting on September 23. He noted that while print media currently benefits from a 10% tax rate, other platforms such as online, television and radio do not enjoy the same incentive.
Vinh highlighted that media organizations rely heavily on advertising revenue, which has been declining. He suggested extending the preferential 10% tax rate to all media types.
Currently, the 10% tax rate applies only to print media, including advertising, but not to digital or broadcast outlets.
The committee also discussed a draft amendment to the Corporate Income Tax Law. At the meeting, Cao Anh Tuan, deputy minister of Finance, proposed lowering corporate tax rates for small businesses.
He suggested that companies with annual revenues below VND3 billion should be taxed at 15%, while those with revenues between VND3 billion and VND50 billion face a 17% tax rate. These changes aim to support the growth of small enterprises.
