Accordingly, Resolution 406/ NQ-UBTVQH15 has issued 04 (four) resolutions on a number of tax exemption and reduction solutions as follows:
1. Reduction of corporate income tax: 30% reduction of the amount of corporate income tax payable in 2021 for taxpayers under the Law on Corporate Income Tax with revenues in 2021 of no more than VND 200 billion and revenue in 2021 decreased compared to revenue in 2019.
Note: The revenue criteria for 2021 decreased compared to 2019 revenue in 2019 for newly established, consolidated, merged, divided and separated taxpayers in the tax period in 2020 and 2021.
2. Exemption from personal income tax, value-added tax and other taxes payable arising from production and business activities in the third and fourth quarters of 2021 for households and individuals having production and business activities in district-level areas affected by COVID-19 epidemic in 2021 by the Chairman of the Provincial People's Committee, centrally-affiliated city decides.
Note: Tax exemptions for incomes and revenues from software products and services; digital content products and services about entertainment, video games, digital movies, digital photos, digital music; digital advertising are not applicable.
3. Value-added tax reduction from November 1, 2021 to December 31, 2021 for the following goods and services:
- Transportation services (rail transport, waterway transport, air transport, other road transport); accommodation services; catering services; services of travel agents, travel business and support services, related to the promotion and organization of tourism;
- Publishing products and services; film services, television production, recording and music publishing; works of art and services of composition, art and entertainment; services of libraries, archives, museums and other cultural activities; sports, entertainment and entertainment services do not include publishing software and goods, services produced and traded in the form of online.
4. Exemption from late payment amounts arising in 2020 and 2021 of tax debts, land use levy, land rent for enterprises and organizations (including dependent units and business locations) incurred losses in 2020.
Note: The provisions of this paragraph are not applicable to cases where late payment has been paid.
In addition, the Standing Committee of the National Assembly assigned the Government to guide the implementation of this Resolution.
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Resolution 406/NQ-UBTVQH15 takes effect from October 19, 2021.
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