Accordingly, applicable to corporate income taxpayers who are organizations engaged in production and business activities of goods and services with taxable income (enterprises) according to Resolution no. 406/NQ-UBTVQH15, including: Enterprises established under Vietnamese law; Organization established under the Law on Cooperatives; Non-business units established under the provisions of Vietnamese law; other organizations established in accordance with Vietnamese law involved in production and business activities with income.
There are 4 groups of tax exemption and reduction solutions for enterprises and people affected by the Covid-19 pandemic. Specifically, payable corporate income tax reduction of the corporate income tax period 2021 will be given for the case that the enterprise has a turnover in the tax period 2021 not exceeding 200 billion VND and the revenue in the tax period 2021 decreased compared to the revenue in the tax period 2019.
Tax exemption (personal income tax, value-added tax, special consumption tax, natural resource tax, environmental protection tax) payable incurred from production and business activities of the months in the third and forth quarters in 2021 will be given for business households and individuals in the areas of districts, towns, provincial cities and centrally run cities affected by the Covid-19 pandemic in 2021. The tax exemption specified in this Clause does not apply to incomes and revenue 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 01, 2021, to the end of December 31, 2021, shall be applied to the following goods and services: Transport services (railway transport, water transport, aviation transport, other road transport); accommodation services; food and drink services; services of travel agencies, tour operators and services supporting or related to promotion and organization of tours; Publishing products and services; cinematographic services, production of television program, sound recording and music publishing; works of art and services for composing, arts, and entertainment; services of libraries, archives, museums and other cultural activities; sports, recreation and entertainment services.
Exemption of late payment interest incurred in 2020 and 2021 shall be granted for enterprises and organizations that incur losses in 2020.
Reported by Yen Nhi - Translated by Nguyen Trang