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Home Vietnam economics news

Finance ministry proposes lower income tax rate for micro, small enterprises

The finance ministry has suggested lowering the corporate income tax rate from 20% to 15-17% for micro and small enterprises with annual revenues of less than VND50 billion (US$1.99 million).

Phương Chu by Phương Chu
August 9, 2024
in Vietnam economics news
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The tax cut, included in the draft Law on Corporate Income Tax (amended), is expected to be presented to the National Assembly for first review in October 2024 and for approval in May 2025.

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