Corporate Income Tax

KPMG assists businesses in tackling tax audit and inspection issues

April 19, 2022 | 16:51

KPMG in Vietnam launched the Tax & Legal 2022 programmes to support businesses in tax auditing and inspection in 2022-2023.

Keeping an eye on the economic dangers still ahead

April 18, 2022 | 15:00

It has been nearly three months since Vietnam implemented a VAT reduction from 10 per cent to 8 per cent with Decree No.15/2022/ND-CP dated January 28 on prescribing tax exemption and reduction, together with a corporate income tax (CIT) deduction for companies.

Upcoming incentives create space for tech-led projects

October 21, 2021 | 09:00

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

August 04, 2021 | 13:50

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

June 23, 2021 | 09:00

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

October 02, 2020 | 15:07

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

June 26, 2020 | 08:39

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

June 09, 2020 | 08:00

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

April 16, 2020 | 20:02

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

April 10, 2020 | 08:55

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

July 25, 2019 | 16:19

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?

February 20, 2019 | 08:19

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?