MOF proposes to defer and lower personal, corporate and dividend income tax
27/06/2011 09:11 am
Laws - The Ministry of Finance (MoF) has proposed to the government to defer and cut down the personal income tax, corporate tax and dividend income tax
The Ministry of Finance (MoF) has proposed to the government to defer and cut down the personal income tax, corporate tax and dividend income tax, the online newspaper Tuoitre reported on June 16.
The dividend income tax of 5%( VND200-VND300 billion) is proposed to remove from this August amid the stock market has tumbled recently.
The government asks for the MoF to cut down corporate tax by between 20%-30% (or VND2000-VND3,000 billion)on broader objects, especially small and medium enterprises (SMEs) using lots of labours in fields including manufacturing, outsourcing, processing, textile and garment, etc.
Ealier, the Prime Minister of Vietnam agreed to to defer the corporate tax of VND7,000 on SMEs in order to stimulate enterprises as the lending rate currently stays high.
The corporate tax will be cut down by 50% if the enterprises keep the meal prices as December 2010.
Also, the personal income tax is urgently asked for adjustment.
All solutions will be submitted to the National Assembly in July.
The Ministry of Finance (MoF) has proposed to the government to defer and cut down the personal income tax, corporate tax and dividend income tax, the online newspaper Tuoitre reported on June 16.
The dividend income tax of 5%( VND200-VND300 billion) is proposed to remove from this August amid the stock market has tumbled recently.
The government asks for the MoF to cut down corporate tax by between 20%-30% (or VND2000-VND3,000 billion)on broader objects, especially small and medium enterprises (SMEs) using lots of labours in fields including manufacturing, outsourcing, processing, textile and garment, etc.
Ealier, the Prime Minister of Vietnam agreed to to defer the corporate tax of VND7,000 on SMEs in order to stimulate enterprises as the lending rate currently stays high.
The corporate tax will be cut down by 50% if the enterprises keep the meal prices as December 2010.
Also, the personal income tax is urgently asked for adjustment.
All solutions will be submitted to the National Assembly in July.
Source: Stoxplus.com
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