Vietnam Issues Decree Enacting Changes for Corporate Income Tax, VAT, and R&D and Investment Incentives

On 1 October 2014, Vietnam's Government issued Decree 91/2014/ND-CP, which enacts and provides guidance for previously approved changes in regard to corporate income tax, value added tax, the research and development an new technology tax exemptions, and investment incentives.

Corporate Income Tax

• The requirement for the filing of a quarterly declarations is abolished, although quarterly payments of estimated tax is still required within 30 days of the end of each quarter based on curren…