HCM City’s taxes exemptions and reductions at nearly 2tr dong in Jan-Jun

HCM City Department of Taxation has recently said that following the government’s Resolution No 13/NQ-CP, it has made taxes exemptions and reductions in the first six months of this year with a total value of nearly two trillion dong.

In details, value added tax (VAT) payment extension was 1.495 trillion dong for 56,100 enterprises, land renting tax cut at 50 percent in Jan-Jun to 180 billion dong, corporate income tax (CIT) reduction at 30 percent in Q1/2012 at 290 billion dong for 55,805 enterprises.

 

 

Category: Legal