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Businesses to get $926 mln tax waivers, reduction

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An employee sits in a closed business on Ba Trieu Street, Hanoi, April 13, 2020. Photo by VnExpress/Ngoc Thanh

 

Lawmakers have decided to offer businesses affected by Covid-19 a 30-percent reduction in income tax and value-added tax and waive late-payment fees in 2020 and 2021.

 

They are part of a resolution adopted by the National Assembly’s Standing Committee on Oct. 19 with a number of solutions to support enterprises and individuals affected by the pandemic.

 

The government estimates the tax exemption and reduction this time would add up to some VND21.3 trillion ($926.1 million).

 

Full Story: https://e.vnexpress.net/news/business/economy/businesses-to-get-926-mln-tax-waivers-reduction-4374969.html

 

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-- © Copyright VN Express 2021-10-21

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