The policies on tax reduction, tax exemption in 2021 applicable to enterprises under this Resolution include:

- A reduction of 30% in the corporate income tax (CIT) payable in 2021 will be given to any taxpayer that has revenue of not greater than VND 200 billion in 2021 and a decrease in revenue in 2021 compared to the revenue in 2019.

- A reduction of 30% in the value added tax (VAT) arisen from November 1, 2021 to the end of December 31, 2021 shall be applied to the following goods and services: Transport services, accommodation services, food and drink services, services of travel agencies, publishing products and services (excluding publishing software); cinematographic services, production of television programme, works of art and services for composing, arts, and entertainment, etc. except goods and services provided in online form.

- Exemption of late payment interest incurred in 2020 and 2021 on debts of taxes, land use levies, and land rents shall be granted to enterprises that incur losses in 2020

- With regard to business individuals, they shall be exempt from personal income tax (PIT), VAT and other payable taxes incurred in production and business of the months in the third and fourth quarters of 2021 if they engaged in production and business in districts affected by COVID-19 pandemic. However, the tax exemption does not apply to incomes and revenue from provision of software products and services; digital content products and services related to entertainment, video games, digital movies, digital photos, digital music; digital advertising.

This Resolution comes into force as of the date of signing.