MoF raise the cap on advertising and promotion (A&P) expenses from 10 pct to 15 pct
Despite an expected increase on the cap on advertising and promotion expenses, the business community in Vietnam has continued proposing to eliminate the cap entirely, which many say will help create a fair and competitive environment. In the draft amendments to the Corporate Income Tax Law, the Ministry of Finance (MoF) proposed to raise the […]
MOF plans to reserve investment incentives for expanded projects
The expanded investment projects will also be able to enjoy the investment incentives like the ones given before to the initial projects, if the proposal of the Ministry of Finance (MOF) is ratified by the National Assembly. MOF, which is drafting the amended Corporate Income Tax law, has decided to preserve the investment incentives for […]
Ministry of Finance to submit to the National Assembly cut CIT to 20 percent from July 1, 2013
The government assigned the Ministry of Finance to submit to the National Assembly for consideration and decision of the new corporate income tax (CIT) of 20 percent for small and medium-sized enterprises (SMEs) from July 1st, 2013.The rate would be 10 percent for income from social housing business, applying from July 1st, 2013. The government […]
Circular No.211/2012/TT-BTC of the Ministry of Finance guiding implementation a number of articles of the Government’s Decree No. 90/2011/ND-CP, of October 14, 2011, on issuance of corporate bonds
Decree No. 90/2011/NĐ-CP of the Government on issuance of corporate bonds that’s effective from December 01, 2011 exists unclear regulations making many difficulties for enterprises on mobilizing capital by bond issuance. Therefore, Circular No.211 was passed to provide specific guidance for implementation a number of articles of Decree No.90. The subjects of regulation of this […]