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Wednesday, July 24, 2024



tax cut

NA approves extension of VAT cut until year-end

HCMC - The National Assembly (NA) has approved an extension of the two-percentage-point reduction in value-added tax (VAT) for certain goods and services until...

PM asks ministries to weigh fuel tax cut

 Prime Minister Pham Minh Chinh has ordered the Ministries of Finance and Industry-Trade to prepare a study on the reduction of environmental protection tax...

Covid-hit enterprises entitled to CIT cuts

HANOI – Businesses affected by the Covid-19 pandemic will enjoy corporate income tax (CIT) reductions. This is provided in Resolution No. 406 on relief policy...

Tax relief should not be “One size fits all”

The Private Economic Development Research Board, under the Advisory Council for Administrative Procedure Reform, has proposed a 30% reduction in corporate income tax for...

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