The decree, guiding the implementation of the Tax Administration Law, to take effect on December 5, stipulates that the total CIT amount that enterprises advance in the first three quarters of year must not be lower than 75 percent of the amount they have to pay for the whole year. … [Read more...] about New regulation on temporary tax payments worries businesses
Corporate income tax form
On November 11, the Government Office released a notice about the Deputy Prime Minister Trinh Dinh Dung’s conclusion at the meeting discussing solutions to develop the automobile industry, which gathered representatives of ministries, the Vietnam Automobile Manufacturers' Association (VAMA), and enterprises. … [Read more...] about When will taxes be lowered to reduce automobile prices?
Local airlines also proposed extending the period that take-off and landing prices are cut by half until the end of next year and reducing the environmental protection tax by 70% for airlines. In addition, commercial international flights to countries that have controlled the pandemic should be allowed to resume operations. … [Read more...] about Vietjet, Bamboo Airways seek Government financial aid
Cát Lái Port in HCM City. Small and medium-sized logistics enterprises need to embrace digital transformation to enhance their global competitiveness post-pandemic, an online conference on the logistics industry heard recently. VNA/VNS Photo Mạnh Linh … [Read more...] about Logistics SMEs urged to speed up digital transformation to remain competitive
HCM City (VNA) - Promoting exports to Singapore, which has open trade mechanisms and high-quality services, is viewed as a shortcut for Vietnamese small and medium-sized enterprises (SMEs) to send their products out to the world, according to industry insiders. At a conference held by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) on October 7, centre deputy director Tran Phu Lu said Singapore plays an important role in Southeast Asia’s economy thanks to its strategic location and high-quality human resources. As the 37th-largest economy in the world, its per capita income stood at 59,590 USD in 2019, he said, adding that as its domestic consumption relies a great deal on imports, Vietnamese SMEs could penetrate into the market, especially in the context of formidable challenges posed by COVID-19. Vice President of the Vietnamese Chamber of Commerce Ltd (Vietcham) Singapore, Phan Phi Long, said that besides traditional distribution channels like FairPrice, … [Read more...] about Singapore an important market for SMEs to reach out to the world: Insiders