HomeAbout UsExpertisePeopleLocationsCareersMore ..
Vinaora Nivo SliderVinaora Nivo SliderVinaora Nivo SliderVinaora Nivo SliderVinaora Nivo Slider

HIT COUNTER

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday10
mod_vvisit_counterYesterday251
mod_vvisit_counterThis week720
mod_vvisit_counterThis month1524
mod_vvisit_counterAll341290
Vietnam Cuts CIT for Businesses Having Annual Revenues Below VND20Bln

Vietnamese government has just issued Decree No. 92/2013/NĐ-CP on "detailed regulations to implement a number of Articles under the amending and supplementing law on Corporate Income Tax (CIT) and Value Added Tax (VAT)having effect from July 1,2013.

Under the Decree, businesses have annual revenues from VND20 billion or less will enjoy CIT of 20%. Total revenues for this 20% CIT determination  are the firms’ revenues from sales, service supply of the preceding year.

In case the firms do not have enough 12 months of operation since the date of establishment to end of 2012 fiscal year or companies were set up in the first half of this year also enjoy this 20% CIT if their average revenues do not exceed VND1.67 billion per month, the Government specified.

The Decree No. 92/2013/NĐ-CP came into effect from Aug 13, 2013.

Source: StoxPlus

 

 
© Group Counsel 2012. All rights reserved. | Attorney Advertising | Disclaimers | Privacy Statement | Contact Us