- 05 / 10 / 2020 -
30% reduction of CIT payable in 2020
On September 25, 2020, the Government issued Decree No. 114/2020/ND-CP, detailing the implementation of the National Assembly’s Resolution No. 116/2020/QH14 on corporate income tax (“CIT”) payable in 2020 for enterprises, cooperatives, non-business units and other organizations (“Decree 114/2020/ND-CP“). Accordingly, enterprises that meet the following conditions will receive a 30% reduction in CIT payable in 2020, […]