On October 19, 2021, the Standing Committee of the National Assembly approved Resolution No. 406/NQ-UBTVQH14 on solutions to support businesses and people affected by the COVID-19 epidemic. Specifically:
BUSINESS INCOME TAX REDUCTION
A 30% reduction of the payable corporate income tax amount of 2021 for the case that taxpayers according to the provisions of the Law on Corporate Income Tax have a revenue of not more than VND 200 billion in 2021 and a decrease in revenue in 2021 compared to that of the previous year. Fall 2019.
The criterion that the revenue in 2021 is reduced compared to the revenue in 2019 is not applied to the case that taxpayers are newly established, consolidated, merged, divided, split in the tax period 2020, 2021.
Exemption from PERSONAL INCOME TAX, VALUE ADDED TAX AND OTHER TAX PAYable
Exemption from personal income tax, value-added tax and other payable taxes arising from production and business activities of the months in the third and fourth quarters of 2021 for households and individuals engaged in production and business activities. Production and business activities in district-level areas affected by the COVID-19 epidemic in 2021 shall be decided by the Chairman of the People’s Committee of the province or centrally run city.
Tax exemption does not apply to incomes and revenues from providing software products and services; digital information content products and services on entertainment, video games, digital movies, digital photos, digital music; digital advertising.
VALUE-ADDED TAX REDUCTION FROM NOVEMBER 1, 2021 TO END OF DECEMBER 31, 2021 FOR
Transport services (rail transport, water transport, air transport, other road transport); Lodging; Food Service; services of travel agencies, tour operators and support services, related to the promotion and organization of tours;
Publishing products and services; cinematographic services, television program production, sound recording and music publishing; artwork and creative, artistic, entertainment services; services of libraries, archives, museums and other cultural activities; sports, entertainment and entertainment services. Goods and services in group (ii) do not include publishing software and goods and services produced and traded in the online form.
The Resolution takes effect from the date of signing.
Details can be found in the attached file.
Resolution File: https://www.mediafire.com/…/FAT_Audit_NQ_406_NQ…/file
#FAT #Kiemtoan #Ketoan #Hotrodoanhnghiep #Covid19
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Tel: (84) 236 3886 668; Fax: (84) 236 3886 668;
