• info@vbk.com.vn
  • +84382752368

Legal updates

We regularly update legal documents on accounting, tax, labor and other related fields for our clients.

Official Letter No. 3138/CT-TTHT dated July 29th 2020 issued by Da Nang City Tax Departmentn about The CIT policy on reduction of CIT payable in 2020 under Resolution No. 116/2020/QH14.

According to this Official letter, the Company has total revenue less than VND 200 billion in 2020 (including revenue from financial activities and other revenues) is eligible for reduction of CIT payable in 2020 according to Resolution No.116/2020/QH14.

Whereby, in case the Company applies the fiscal year starting from July 1st to June 30th, the tax period in 2020 for CIT reduction under Resolution 116/2020/QH14 will be from July 01st 2020 to June 30th 2021.

However, Da Nang City Tax Department also noted in Clause 2, Article 3 of the Resolution has stated: “The Government guides the implementation of this Resolution”. Therefore, incased the Government and the Ministry of Finance provide difference instructions than those content above, the Tax Department will send response document to the Company.

Please kindly find detail in the attached file.

20200729_CV3138_Huong dan Nghi quyet giam 30% thue TNDN nam 2020

Contact Us