The tax authority asserted that the temporary payment of corporate income tax in 3 quarters must reach at least 75% for the whole year according to Decree 126 is just a misunderstanding.
The above content was confirmed by Ms. Le Thi Duyen Hai, Director of Tax Declaration and Accounting (General Department of Taxation) at a workshop on March 22, after 5 months, Decree 126 was issued.
She said that the amount of money that businesses temporarily pay in the first three quarters of the year need not be greater than 75% of the tax payable according to the annual finalization. “The tax office will have another document explaining and clarifying this issue, issued before October 30 this year,” said the department’s leader.
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