Tax rate of 20% proposed for income from compensation of foreign contract
The Ministry of Finance has completed a draft circular providing detailed guidance on certain provisions of the Corporate Income Tax Law.
Income tax exemptions available to innovative startups and related organizations in HCMC
Exemptions for enterprises listed in new decree to last for five years.
Disadvantaged areas may see corporate income tax incentives
Incentives and infrastructure key to attracting investment in remote and mountainous regions.
MoF proposes waiving penalties on late CIT payments
To help businesses resume production, the Ministry of Finance (MoF) has proposed temporarily waiving late payment penalties on the underpayment of corporate income tax (CIT) in the first three quarters of the year.