corporate income tax

Update news corporate income tax

 VietNamNet Bridge – The Ministry of Finance is facing a hard problem as the danger of central State budget collection shortfall has turned visible whereas local business community is calling for a cut in corporate income tax.

Tax reduction will bring more gains than losses

It would be better to reduce tax and collect tax sufficiently, than setting up high tax rates which prompt businesses to evade tax.

Businesses want corporate income tax at below 23 percent

VietNamNet Bridge – A lot of business associations have proposed to set up the corporate income tax rate at lower than 23 percent, the threshold suggested in the draft tax law.

Bonds would save local budgets?

The economic downturn, which has dealt a strong blow on businesses, has made the local budgets become empty.