Policies and orientations will be applied synchronously from the Government of Vietnam for assisting businesses in the negative impact of Covid 19, specifically as follows
Dear our Valued Clients,
VIVA would like to present the policies and orientations that will be applied synchronously from the Government of Vietnam for assisting businesses in the negative impact of Covid 19, specifically as follows:
- Temporarily stopping to contribute to the pension fund and death fund.
- Tax agencies and Customs offices will not periodically inspect in 2020 toward agencies and enterprises if showing no signs of violation…
- Increasing the Family Circumstance Deductions level of Personal Income Tax in 2020.
- Promulgating policies on Corporate Income Tax, supporting small and medium-sized enterprises, then submitting to the Government in March 2020.
- Reducing fees and charges for those are affected by Covid-19 pandemic, or proposing plans for reduction of fees and charges.
- Drafting the decree to extend paying tax and land rent, exempting from late tax payment up to 30,100 billion VND.
- Deploying support credit package up to 250,000 billion VND on credit extension, rescheduling, interest rate reduction, and exemption, keeping debt groups in order to support clients who are affected by Covid-19.
- Fully disbursement of public investment capital up to 700,000 billion VND.
In order to get the above incentives and assisting businesses, each business needs to meet specific conditions and legal requirements.
