Post by Cienne on Dec 18, 2008 8:21:08 GMT 4
Vietnam to cut corporate tax
Vietnam will reduce its corporate tax rate from 28% to 25% in an attempt to reverse the country's economic slowdown.
The government hopes lower taxes will ease the burden for businesses and help support production and exports.
Income from farm production, scientific research, and dividend payments will be exempted from corporate tax.
The new rate will take effect on January 1 2009.
Vietnam will reduce its corporate tax rate from 28% to 25% in an attempt to reverse the country's economic slowdown.
The government hopes lower taxes will ease the burden for businesses and help support production and exports.
Income from farm production, scientific research, and dividend payments will be exempted from corporate tax.
The new rate will take effect on January 1 2009.