New rate of corporate income tax in Vietnam

Difficulties in implementing joint business registration and tax registration for business households.

The Circular 141/2013/TT-BTC of Ministry of Commerce, which comes into effect from November 30, 2013, states that the companies established under Vietnam’s law, including cooperatives, public service agencies of which annual revenues does not exceed 20 billion VND shall enjoy corporate income tax rate of 20% from July 01, 2013. The new companies that are […]