Thailand
Vietnam: Tax incentives to help firms beat difficulties
Vietnam: Tax incentives to help firms beat difficulties
Friday, 5 August 2016 – Vi?t Nam plans to impose a 17 per cent corporate income tax (CIT) for four years from January 1, 2017, on businesses making less than VN?20 billion (US$893,000) in revenue.
The current tax rate is 20 per cent.
This is one of the tax incentives included in the National Assembly’s draft resolution on tax measures to help businesses overcome difficulties and promote the development of the business community.
The finance ministry in its proposal about tax incentives submitted to the Government said offering a 17 per cent CIT to small- and medium-sized enterprises (SMEs), equal to the preferential tax rate imposed on new projects located in areas of socio-economic difficulties, aimed to enable SMEs to accumulate capital for investment and business expansion and for improving competitiveness. Read More?