Finance ministry to cut 30% of corporate income tax
New support measures may lead to a decline of VND20 trillion ($870 million) in State budget revenue.
New support measures may lead to a decline of VND20 trillion ($870 million) in State budget revenue.
This move may result in a more than US$5 billion reduction in the State's budget collection in 2021.
Vietnam is believed to have the most competitive commercial tax regimes and local supply chains to lure foreign investors.