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Official Gazette

Tuesday, October 15, 2019
Tags: corporate income tax rates
Ministry proposes lowering CIT for SMEs Ministry proposes lowering CIT for SMEs
The Ministry of Finance has proposed cutting corporate income tax rates on small and micro businesses from the current 20 per cent to 15-17 per cent.
New law expected to boost development of SMEs New law expected to boost development of SMEs
The Law on Small- and Medium-Sized Enterprises was passed by the National Assembly last year in a hope to facilitate the formulation of comprehensive support policies and programs for these subjects. This article highlights novel points of the Law.
New Railway Law New Railway Law
Coming into force from July next year, the 2017 Railway Law, passed by the National Assembly in June, prescribes railway infrastructure planning, investment, construction, protection, management, maintenance and development. It also stipulates railway industry and railway business.
Incentives for employersnbsp;female employeesnbsp; Incentives for employers, female employees 
Enterprises that employ a large number of female laborers will enjoy lower corporate income tax rates from November 15.
Old condominium reconstruction projects opened to foreign investors Old condominium reconstruction projects opened to foreign investors
Wholly foreign-owned enterprises, joint-venture companies with foreign investors and overseas Vietnamese businesses would be permitted to implement projects to reconstruct old apartment buildings.
Corporate income tax rates to be lowered Corporate income tax rates to be lowered
Ways to address scheduled cancellation of export incentives Ways to address scheduled cancellation of export incentives
In an effort to nurture the domestic export business, the Vietnamese government frequently granted investment incentives to foreign-invested enterprises (FIE) that met certain export ratios. These incentives were recorded on the FIE’s business license (Investment Certificate), along with other business particulars.
National Assembly approves socio-economic targets for 2011-2015 National Assembly approves socio-economic targets for 2011-2015
The National Assembly of Vietnam adopted this month a socio-economic development plan for the 2011-2015 period, which sets 10 economic targets, eight social targets and two environmental targets to be reached by 2015.
Ways to address scheduled cancellation of export incentives Ways to address scheduled cancellation of export incentives
In an effort to nurture the domestic export business, the Vietnamese government frequently granted investment incentives to foreign-invested enterprises (FIE) that met certain export ratios.
In the draft stage In the draft stage

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