92/2021/NĐ-CP - Conditions and procedures for entitlement to a 30 % reduction in CIT, VAT due to Covid-19
406/NQ-UBTVQH15 - In the third and fourth quarters of 2021: CIT, VAT shall be reduced 30%; PIT shall be exempt
1148/2020/UBTVQH14 - Fuel jet shall be further imposed environmental protection tax at VND 2,100/liter until the end of 2021
979/2020/UBTVQH14 - Environmental protection tax on jet fuel shall be reduced in the last 5 months of 2020
57/2020/NĐ-CP - New preferential import tariff schedule (applicable from July 10th,2020)
According to the Ministry of Finance, aviation enterprises and other enterprises that are affected by the Covid-19 pandemic are being given many supporting packages in terms of tax, fee and charge, such as:
- A reduction of 30% in environmental protection tax on jet fuel from August 1st, 2020 to the end of December 31st, 2021 (Resolution No. 979/2020/UBTVQH14, Resolution No. 1148/2020/UBTVQH14 )
- A reduction of 30% in enterprise income tax incurred in 2021; a reduction of 30% in value added tax in November and December of 2021; exemption of late payment interests in 2020, 2021 (Resolution No. 406/NQ-UBTVQH15 , Decree No. 92/2021/ND-CP )
- Entitlement to the particular preferential import duty rate of 0%, applicable to aircrafts accessories, parts of heading 9820.00.00 (Decree No. 57/2020/ND-CP )
Currently, the Ministry of Finance is conducting the review and assessment of the issued solutions for tax exemption, reduction and will continue to study and submit to competent authorities solutions on tax, charge and fee to be suitable to remove difficulties for enterprises.
Regarding the proposal for extension of time limit for payment of social insurance contributions, the Ministry of Finance assumes that this issue belongs to the settlement competence of the Ministry of Labor- Invalids and Social Affairs.
|Published||Vietlaw's Newsletter No. 543|