According to Article 1 of Resolution No. 116/2020/QH14, enterprises whose total revenue in 2020 is less than VND 200 billion shall be entitled to a 30% reduction in EIT payable in 2020. Enterprises shall themselves determine tax amount to be reduced when they temporarily pay EIT and make EIT accounting at the end of the year.
In addition, according to this Official letter, the 30% reduction in EIT payable in 2020 shall be determined in line with the tax period each enterprise applies, either the Gregorian calendar or fiscal year.
|Published||Vietlaw's Newsletter No. 475|
|Resolution 116/2020/QH14 - Giảm 30% thuế TNDN năm 2020|
|Law 38/2019/QH14 - Luật Quản lý thuế 2019|
|Circular 78/2014/TT-BTC - Quy định mới về thuế TNDN 2014|
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