Corporate tax payment continues to be delayed
Laws -
The Vietnamese Government has decided to stop tax exemption and reduction
policies and, instead, delay the payment of corporate revenue tax for small and
medium enterprises in the first quarter next year.
It is one
of the most important decisions, stated in the Government’s October regular
meeting resolution issued on Wednesday.
The
decision came in the wake that the national economy is steadily getting back on
track.
The
Government assigned Ministries, sectors and localities to continue deploying
economic stimulus solutions and ensure sufficient capital for projects,
especially those on infrastructure, transport, irrigation, social housing, and
poverty reduction.
Measures
and policies on social security will also be further enforced, says the Government’s
resolution.
The State
Bank of Việt Nam (SBV) was asked to consider the proper realization of interest
rate incentives.
Thus,
financial assistance given to individuals and organizations to promote
production and farmers to buy inputs for agricultural activities will be
adjusted in the time to come.
.:: Other news
• SBV drafts decree on intermediary payment service (19/01/2012)
• Corporate income tax rules set to change (17/01/2012)
• Tax payment to go under close scrutiny (26/12/2011)
• Extension for corporate income tax payments (08/12/2011)
• Corporate income tax likely to be cut by 5 percent: congressman (15/11/2011)
• Corporate income taxes may decline (07/11/2011)
• Decision details extension on corporate income tax payments (21/10/2011)
• Labor-intensive firms to benefit from tax payment delays (19/10/2011)
• Corporate income tax reduction in the offing (16/09/2011)