Upcoming incentives create space for tech-led projects

Upcoming incentives create space for tech-led projects

New regulations on special investment incentives have been unveiled to facilitate more high-tech funding in Vietnam, giving the country a new tool to lure quality foreign investment and retain investors for the long term.
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.
CIT bonus dangled to lure high-tech groups

CIT bonus dangled to lure high-tech groups

Foreign-invested enterprises could be set to enjoy a relaxation in corporate income tax payments in Vietnam, if they pay enough attention to research and development as well as high technology.
Vietnam approves 30 pct corporate income tax reduction

Vietnam approves 30 pct corporate income tax reduction

The Government has decided to implement a 30 percent corporate income tax (CIT) cut for certain businesses for the 2020 financial year.
VEPR urges tax policies for FDI to be revised to prevent tax avoidance and evasion

VEPR urges tax policies for FDI to be revised to prevent tax avoidance and evasion

Vietnam needs to revise tax and land policies for foreign direct investment (FDI) companies to ensure a level playing field for businesses.
Smaller firms to land on tax cushion

Smaller firms to land on tax cushion

Over 700,000 micro- and small-sized enterprises in Vietnam could receive a hefty reduction in corporate income tax payable this year, while more than one million individual taxpayers could be beneficiaries of personal income tax deductions.
Social housing projects wait for incentives

Social housing projects wait for incentives

Demand for low-priced social houses and houses for long-term rent was high but incentive policies have not yet encouraged investors.
Deadlines for tax and land use fee payments extended

Deadlines for tax and land use fee payments extended

Prime Minister Nguyen Xuan Phuc on April 8 approved Decree No 41/2020/ND-CP on the extension of deadlines for tax and land use fee payments to support businesses suffering from the COVID-19 pandemic.
Gov’t gives green light for new corporate income tax proposal

Gov’t gives green light for new corporate income tax proposal

The Government has turned green light to the Ministry of Finance’s latest proposal on preferential corporate income tax rates for small and micro enterprises (SMEs).
Foreigners earning incomes from providing services in Vietnam, what are their tax liabilities?

Foreigners earning incomes from providing services in Vietnam, what are their tax liabilities?

With the increasing trends in economic integration, it is normal that overseas organisations and foreigners generate income from doing business in another country rather than their home countries. In Vietnam, if a foreign organisation earns income in Vietnam through providing services, or selling goods together with services, or trading, its income will be subject to Vietnamese Withholding Foreign Contractor Tax (“FCT”).  How about tax liabilities of a foreigner earning income through providing services in Vietnam?  
Optimising benefits from tax incentives

Optimising benefits from tax incentives

Corporate income tax incentive is a big concern for most investors when doing business in Vietnam, and there are many pitfalls ahead.
NFSC proposes lowering corporate income tax on SMEs

NFSC proposes lowering corporate income tax on SMEs

Corporate income tax levied on small and medium – sized enterprises (SMEs) should be reduced to promote the business development, a solution together with broadening tax base to increase budget revenue from business and production.
Having a permanent establishment in Vietnam could cost a pretty penny

Having a permanent establishment in Vietnam could cost a pretty penny

While more and more companies have cross-border activities, not all of them understand domestic tax regulations in the host countries or in tax treaties.
Investors happy about new cut in corporate income tax

Investors happy about new cut in corporate income tax

The stock market has shown positive reactions to the disclosure of the government’s intention to slash the corporate income tax (CIT) from 20-22 percent to 15-17 percent.
PM promises 5-7 per cent corporate income tax cuts at GMS Summit

PM promises 5-7 per cent corporate income tax cuts at GMS Summit

Vietnam has been steadily implementing initiatives and commitments to facilitate business activities towards inclusive and sustainable development.
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