en de es fr it pt zh-CN Find us on Twitter Find us on LinkedIn

Vietnam To Reduce Corporate Tax On SMEs

Vietnam is looking to slash the corporate income tax rate by three percent for small and medium-sized enterprises (SMEs) to boost their number to one million by 2020.

A draft plan, which the Government will submit to the National Assembly this month, proposes to cut corporate income tax for SMEs as well as start-ups from the current 20 percent rate to 17 percent between 2017 and 2020.

Pham Dinh Thi, the Director of the Finance Ministry's Tax Policy Department, said the plan, if approved, "will ensure that there are thousands of newly established enterprises every year," and said "the contribution of these new firms to the state budget will help offset the revenue drop and over time will increase the state budget revenue."


Quantum Auditors & 123 Consulting joins TGS Global Network

TGS are proud to be in South Africa with our most recent member, Quantum Auditors / 1.2.3. Consulting. With offices situ

Read more >

Massie Turcotte joins TGS Global Network

TGS are proud to announce a new member in Canada.   Massie Turcotte gives TGS a presence that stands out from other

Read more >

PGK Consultores joins TGS Global Network

TGS is delighted to announce the membership of PGK Consultores, Argentina. PGK is a dynamic firm whose partners began th

Read more >

Garssa Consulting has joined the TGS Global Network

TGS welcome Garssa Consulting to TGS. In 2012, Garssa Consulting saw a gap in the Colombian market and established a hig

Read more >

Nakamoto & Company has joined the TGS Global Network

We are delighted to welcome our first Japanese member firm, Nakamoto & Company / Nakamoto International Tax Corporat

Read more >