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Ministry proposes lowering CIT for SMEs

Ministry proposes lowering CIT for SMEs

The Ministry of Finance has proposed cutting corporate income tax (CIT) rates on small and micro businesses from the current 20 percent to 15-17 percent.

Tax, investment changes concern foreign firms

Tax, investment changes concern foreign firms

The changes in tax policy and investment incentives are the issues of greatest concern for foreign investors in Vietnam, said Bui Ngoc Tuan, Deputy General Director of the Audit and Advisory firm Deloitte Vietnam at a workshop on in Hanoi on July 10.

New CIT law aims to halt tax evasion

New CIT law aims to halt tax evasion

In the latest draft of Law on Corporate Income Tax (CIT), the Ministry of Finance has raised a regulation aimed at preventing multinational companies with related-party transactions from evading taxes.

Enterprises plagued by unclear tax and fee regulations

Enterprises plagued by unclear tax and fee regulations

While the Vietnamese government is making great efforts to improve the country’s business and investment climate, unclear tax- and fee-related regulations are tormenting local firms planning to expand.

Level-playing field for all businesses

Level-playing field for all businesses

Amid complaints about foreign firms receiving more government incentives unfairly and overshadowing domestic peers, experts claim that all Vietnamese policies are equal for domestic and foreign enterprises.

Cracking down on tax evasion

Cracking down on tax evasion

Significant changes in the newly-released draft decree on transfer pricing and tax erosion avoidance is grabbing companies’ attention on the matter of compliance.

Unusual incentives sought for colossal steel complex

Unusual incentives sought for colossal steel complex

A number of unusual policy incentives have been reportedly proposed for a big-ticket steel project of Hoa Sen Group in the central coastal province of Ninh Thuan though the project has not got official approval.

MOF proposes tax reduction to rescue SMEs

MOF proposes tax reduction to rescue SMEs

The Ministry of Finance (MOF) has submitted to the government a plan to lower the corporate income tax (CIT) rate to 17% for small and medium sized enterprises (SMEs).

Decree seeds foreign agri plans

Decree seeds foreign agri plans

A first-eve decree on special incentives for foreign agricultural projects is tabled to help Vietnam attract more investments in this sector.
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