PM approves tax deferral for some industries
Prime Minister Nguyen Tan Dung has signed off on an order deferring corporate tax for one year for businesses with more than 300 workers to help them amid the economic downturn and stimulate the economy.
The tax for the first quarter is now payable by April 30, 2012, the second quarter’s by July 30, and so on.
But it only applies to businesses in certain sectors like agro-forest-seafood processing, textile and garment, footwear, electronic parts, and infrastructure construction.
Besides, the 300 workers should not include those with contracts of less than three months and those working for subsidiaries.
Last year the government had provided a similar incentive, that time to small and medium-sized enterprises.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Ensuring technological progress in northern midlands and mountainous regions (October 10, 2024 | 09:00)
- Manufacturing production suffers after Typhoon Yagi (October 01, 2024 | 17:11)
- Vietnam’s economy on track for 6.5 per cent growth despite Typhoon Yagi, says HSBC (October 01, 2024 | 16:46)
- Vietnam urges China to expand market access for agricultural products and strengthen trade ties (October 01, 2024 | 16:42)
- IMF predicts Vietnam's economic growth to reach 6.1 per cent in 2024 (September 30, 2024 | 18:26)
- Deli Group breaks ground on $270 million factory in Hai Duong (September 30, 2024 | 18:17)
- Government considering tax on multiple properties (September 27, 2024 | 20:17)
- Accuracy more vital than ever in dawn of AI (September 26, 2024 | 20:44)
- Vietnam remains attractive destination for US businesses (September 26, 2024 | 20:23)
- New innovation centre inaugurated during HEF 2024 (September 25, 2024 | 09:00)
Mobile Version