In the morning of June 19, the National Assembly passed a Resolution reducing 30% of income tax in 2020 for businesses with turnover of less than VND 200 billion.
The resolution was approved with the approval rate of more than 92%, effective after 45 days of signing and applied for the tax period 2020.
As such, the National Assembly has removed criteria on the number of employees paying insurance premiums to ensure fairness for labor-intensive businesses and to supplement the subject of 30% reduction of corporate income tax for enterprises having medium scale.
According to Chairman of the Finance and Budget Committee Nguyen Duc Hai, with the expansion of the above-mentioned tax reduction object, the number of State budget revenue reductions in 2020 will increase from VND 15,840 billion to around VND 23,000 billion compared to the Government’s plan. submit.
Before the National Assembly voted, many opinions said that in addition to reducing corporate income tax, there should be other measures that have great and direct effects to help businesses recover production and business.
Mr. Nguyen Duc Hai said that to support businesses, remove difficulties and promote production and business, restart the economy coping with the Covid-19 epidemic, the Government has proactively built and implemented the contract. many solutions on fiscal, taxes, fees, land rent … In which the solution package for extending the time of paying tax and land rent is about 180,000 billion dong.
He said that until now, the Government, ministries and branches will have more other solutions to support businesses to overcome difficulties because of Covid-19.
According to VnExpress.net
