Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc.
Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

VCN - After a long time of implementation and many changes in reality, it is time to amend the Law on Corporate Income Tax (CIT) to remove difficulties for production and business activities, and open up and promote resources for economic and social devel
Extending deadline for VAT payment, corporate income tax and personal income tax 2022

Extending deadline for VAT payment, corporate income tax and personal income tax 2022

Deputy Prime Minister Le Minh Khai signed Decree No. 34/2022/ND-CP dated May 28, 2022 on extending the deadline for paying value-added tax, corporate income tax, personal income tax
Overseas suppliers web portal is coming soon

Overseas suppliers web portal is coming soon

The General Department of Taxation has built, trialed and is preparing to launch a web portal for overseas suppliers earning income from Vietnam to register, declare and pay tax.
Amending regulations on temporary payment of 75% corporate income tax

Amending regulations on temporary payment of 75% corporate income tax

VCN - Through practical implementation, the requirement that businesses must estimate the tax payable for the whole year, while there are still two months left, is not reasonable, and does not help taxpayers.
MoF to revise regulations on temporary payments of Corporate Income Tax

MoF to revise regulations on temporary payments of Corporate Income Tax

VCN – The Ministry has drafted a Decree amending and supplementing Decree 126/2020 and has sent it to ministries and government agencies for comments and to the Government for promulgation.
More than 139,000 businesses and individuals have tax payment deadlines extended

More than 139,000 businesses and individuals have tax payment deadlines extended

By the end of November, the Tax sector has extended deadlines of tax and land rent payments totalling more than VND92.8 trillion following Decree No. 52/2021/ND-CP of the Government.
The Ministry of Finance collecting opinions to ensure the promulgation of resolution on tax support in time

The Ministry of Finance collecting opinions to ensure the promulgation of resolution on tax support in time

A representatives of leaders of the Ministry of Finance said that they are collecting opinions to promptly finalise tax support policies.
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.
Enterprises concerned about more quarantine, what does the Department of Animal Health say?

Enterprises concerned about more quarantine, what does the Department of Animal Health say?

VCN- TT26 was amended and supplemented with a number of articles by Circular 36/2018/TT-BNNPTNT (TT36) dated December 25, 2018 and Circular 11/2019/TT-BNNPTNT (TT11) dated October 22, 2019.
General Department of Taxation holds four online support sessions for tax finalization in 2020

General Department of Taxation holds four online support sessions for tax finalization in 2020

VCN- According to the General Department of Taxation, in March, it will hold online support sessions for tax finalization in 2020 on its portal (www.gdt.gov.vn).
VCCI: Consider tax payment deadline for socialization establishments that have not yet collected corporate income tax

VCCI: Consider tax payment deadline for socialization establishments that have not yet collected corporate income tax

VCN- According to the VCCI, the criteria and standards stipulated in the list of decisions 1466, 693, 1470 still have shortcomings
Vietnam approves 30% corporate income tax reduction

Vietnam approves 30% corporate income tax reduction

The Government has decided to implement a 30% corporate income tax (CIT) cut for certain businesses for the 2020 financial year.
“Latching” to cut 30% of corporate income tax need to be paid in 2020-09-28

“Latching” to cut 30% of corporate income tax need to be paid in 2020-09-28

The Government has promulgated Decree No.114/2020/NĐ-CP on reducing corporate income tax need to be paid in 2020 for enterprises
Notice on deadline of tax payment extended under Decree 41/2020/NĐ-CP

Notice on deadline of tax payment extended under Decree 41/2020/NĐ-CP

The tax authority notified taxpayers of the extension of the tax payment deadline under Decree 41/2020/NĐ-CP must re-pay tax amount on time to avoid a charge of late payment.
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