stop-check In the third and fourth quarters of 2021: CIT, VAT shall be reduced 30%; PIT shall be exempt

Resolution No. 406/NQ-UBTVQH15status1 dated October 19th, 2021 of the Standing Committee of National Assembly on promulgation of certain measures for supporting enterprises and residents to ease impact of Covid-19 pandemic
Posted: 21/10/2021 9:30:16 AM | Latest updated: 1/2/2023 10:45:56 AM (GMT+7) | LuatVietnam: 5316 | Vietlaw: 532

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.

Cần lưu ý là các loại thu nhập dưới đây không được miễn thuế TNCN trong hai quý 3 và 4/2021:
- Cung cấp sản phẩm và dịch vụ phần mềm;
- Cung cấp sản phẩm và dịch vụ nội dung thông tin số về giải trí, trò chơi điện tử,
- Cung cấp phim số, ảnh số, nhạc số và quảng cáo số
Effective notes
This Resolution shall be expired from January 1st, 2023, according to the regulation at Resolution No. 80/2023/QH15 dated January 9th, 2023.

Related documents

Penalty document



Effective Date 19-Oct-2021
ExpiredDate 1-Jan-2023
Published Vietlaw's Newsletter No. 532

follow 80/2023/QH15 - List of policies supporting businesses affected by the COVID-19 pandemic declared to be expired from January 1, 2023

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