14 types of corporate and cooperative income proposed to be tax exempt

(QNgTV) - The draft Decree guiding the Law on Corporate Income Tax proposes tax exemption for 14 types of income, aiming to create favorable conditions for businesses in the fields of agriculture, education, technology and cooperatives.

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Specifically, the tax-exempt list includes income from agricultural, forestry and fishery production and processing, fishing, agricultural services such as irrigation, pest control, and non-profit public career services.

Notably, cooperatives and cooperative unions operating in disadvantaged areas, if meeting sufficient conditions, will also be exempted from tax on undistributed income and undistributed common funds - to encourage reinvestment and sustainable development of collective economic models.

In addition, enterprises employing over 30% of disadvantaged workers, vocational training units for ethnic minorities or people with disabilities, and organizations carrying out technology transfer in disadvantaged areas... are also exempt from tax.

Source: https://quangngaitv.vn/14-loai-thu-nhap-doanh-nghiep-htx-duoc-de-nghi-mien-thue-6504916.html