What is trực tiếp bóng đá việt nam hôm nay proposed reduction of corporate income tax rates for small and micro enterprises according to trực tiếp bóng đá việt nam hôm nay Draft Law on Corporate Income Tax of Vietnam?
What is trực tiếp bóng đá việt nam hôm nay proposed reduction of corporate income tax rates for small and micro enterprisesaccording to trực tiếp bóng đá việt nam hôm nay Draft Law on Corporate Income Tax of Vietnam?
trực tiếp bóng đá việt nam hôm nay Ministry of Finance is drafting trực tiếp bóng đá việt nam hôm nay revised Law on Corporate Income Tax, which will consist of 4 chapters and 30 articles.
Draft Law on Corporate Income Tax...Download
trực tiếp bóng đá việt nam hôm nay draft revised Law on Corporate Income Tax proposes to reduce tax rates lower than trực tiếp bóng đá việt nam hôm nay current regulations for small and micro enterprises.
Specifically, in Clause 2, Article 10 of trực tiếp bóng đá việt nam hôm nay Draft Law on Corporate Income Tax, a tax rate of 15% applies to enterprises with annual total revenue not exceeding 3 billion VND, and 17% for enterprises with total revenue over 3 billion VND up to 50 billion VND.
Revenue used to determine whether an enterprise qualifies for trực tiếp bóng đá việt nam hôm nay 15% or 17% tax rate is trực tiếp bóng đá việt nam hôm nay total revenue from trực tiếp bóng đá việt nam hôm nay previous contiguous year. For newly established enterprises, trực tiếp bóng đá việt nam hôm nay Government of Vietnam will detail trực tiếp bóng đá việt nam hôm nay methodology for determining total revenue to align with management requirements and actual situations. This tax rate does not apply to subsidiaries or affiliated companies whereby trực tiếp bóng đá việt nam hôm nay affiliated enterprise does not meet trực tiếp bóng đá việt nam hôm nay conditions for trực tiếp bóng đá việt nam hôm nay tax rate application.
What is trực tiếp bóng đá việt nam hôm nay proposed reduction of corporate income tax rates for small and micro enterprises in Vietnam? (Image from Internet)
What is trực tiếp bóng đá việt nam hôm nay current corporate income tax rate in Vietnam?
According to Article 10 of trực tiếp bóng đá việt nam hôm nay2008 Law on Corporate Income Tax, amended and supplemented by Clause 6, Article 1 of trực tiếp bóng đá việt nam hôm nayAmended 2013 Law on Corporate Income Tax, trực tiếp bóng đá việt nam hôm nay corporate income tax rate is stipulated as follows:
- Starting from January 1, 2016, trực tiếp bóng đá việt nam hôm nay corporate income tax rate is 20%, except in cases such as:
+ Enterprises with annual total revenue not exceeding twenty billion VND.
+ Enterprises engaged in trực tiếp bóng đá việt nam hôm nay search, exploration, and extraction of oil, gas, and other precious resources in Vietnam.
+ Entities entitled to preferential tax rates as provided in Article 13 of trực tiếp bóng đá việt nam hôm nay2008 Law on Corporate Income Tax.
- Enterprises with annual total revenue not exceeding twenty billion VND apply a tax rate of 20%.
- trực tiếp bóng đá việt nam hôm nay corporate income tax rate for activities related to trực tiếp bóng đá việt nam hôm nay search, exploration, and extraction of oil, gas, and other precious resources in Vietnam is from 32% to 50%, depending on each project and business base.
Which entity is a corporate income taxpayer in Vietnam?
According to Article 2 of trực tiếp bóng đá việt nam hôm nay2008 Law on Corporate Income Tax, amended and supplemented by Clause 1, Article 1 of trực tiếp bóng đá việt nam hôm nayAmended 2013 Law on Corporate Income Tax, trực tiếp bóng đá việt nam hôm nay definition of a corporate income taxpayer is as follows:
- Corporate income taxpayers are organizations engaged in production, trading goods, and services with taxable income as defined by this Law (hereinafter referred to as enterprises), including:
+ Enterprises established under trực tiếp bóng đá việt nam hôm nay laws of Vietnam;
+ Enterprises established under trực tiếp bóng đá việt nam hôm nay laws of a foreign country (hereinafter referred to as foreign enterprises), with or without a permanent establishment in Vietnam;
+ Organizations established under trực tiếp bóng đá việt nam hôm nay Cooperative Law;
+ Non-business units established under trực tiếp bóng đá việt nam hôm nay laws of Vietnam;
+ Other organizations with production and business activities generating income.
- Enterprises with taxable income as stipulated in Article 3 of trực tiếp bóng đá việt nam hôm nay2008 Law on Corporate Income Taxmust pay corporate income tax as follows:
+ Enterprises established under trực tiếp bóng đá việt nam hôm nay laws of Vietnam pay taxes on taxable income arising in Vietnam and abroad;
+ Foreign enterprises with a permanent establishment in Vietnam pay taxes on taxable income arising in Vietnam and abroad related to trực tiếp bóng đá việt nam hôm nay activities of that establishment;
+ Foreign enterprises with a permanent establishment in Vietnam pay taxes on taxable income arising in Vietnam, unrelated to trực tiếp bóng đá việt nam hôm nay activities of trực tiếp bóng đá việt nam hôm nay establishment;
+ Foreign enterprises without a permanent establishment in Vietnam pay taxes on taxable income arising in Vietnam.
- A permanent establishment of a foreign enterprise is a production and business base through which trực tiếp bóng đá việt nam hôm nay foreign enterprise partially or wholly conducts production and business activities in Vietnam, including:
+ Branches, executive offices, factories, workshops, transportation means, oil rigs, gas rigs, mines, or other locations for exploiting natural resources in Vietnam;
+ Construction sites, construction, installation, or assembly projects;
+ Service provision bases, including consultancy services through employees or other organizations and individuals;
+ Agents for foreign enterprises;
+ Representatives in Vietnam with authority to sign contracts on behalf of trực tiếp bóng đá việt nam hôm nay foreign enterprise or those without signing authority but regularly deliver goods or provide services in Vietnam.
