Workers set for a tax break

Workers set for a tax break

The revised draft Personal Income Tax (PIT) Law took to the National Assembly agenda on October 26 and Deputy Minister of Finance Vu Thi Mai said 70 per cent out of a total 3.87 million labourers named in enterprise payroll system would not be required to pay tax if the VND9 million ($428) payment threshold was passed by the National Assembly.
CIT Law means steep learning curve for firms

CIT Law means steep learning curve for firms

After an exhaustive period of corporate income tax finalisation due to many changes in tax laws, Official Letter 7250/BTC-TCT, issued on June 7, 2010, has seen more enterprises make adjustments to their tax returns, writes Nguyen Thi Hong Nhung, a manager of Ernst & Young Vietnam.