Vietnam's Ministry of Finance has launched a consultation on a draft resolution for the introduction of reduced corporate tax rates for small- and medium-sized enterprises (SMEs). This includes two reduced rates:
For the purpose of the reduced rates, turnover of the previous year would be considered. Certain income would not be eligible for the reduced rates, including:
In addition to the reduced corporate tax rates, the draft resolution also includes a two-year corporate tax exemption for newly established SMEs.
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