Proposing preferential tax rates for businesses

(QNgTV) - The Ministry of Finance has just submitted to the Government a draft Decree guiding the Law on Corporate Income Tax. The draft proposes a preferential tax rate of 15% for enterprises with revenue under 3 billion VND/year and 17% for revenue from 3-50 billion VND/year.

According to the Ministry of Finance , the objective of the Draft is to perfect the corporate income tax policy system, creating favorable conditions for enterprises to fulfill their tax obligations while ensuring Vietnam's tax collection rights in accordance with international practices. The Draft clearly states regulations on taxpayers, taxable and tax-exempt income, tax calculation bases and methods, taxable revenue, deductible and non-deductible expenses, and tax incentive policies.

The draft clearly defines taxpayers, including foreign enterprises that do not have a permanent establishment in Vietnam but generate income in Vietnam through e-commerce or digital platforms.

The process of drafting the Draft was carried out in accordance with legal regulations, collecting opinions from ministries, localities, organizations and individuals. After receiving the appraisal opinions of the Ministry of Justice , the Ministry of Finance completed the dossier to submit to the Government.

Source: https://quangngaitv.vn/de-xuat-muc-thue-suat-uu-dai-cho-doanh-nghiep-6504735.html