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DECISION ON LAND RENTAL REDUCTION FOR LESSEES AFFECTED BY COVID-19

On the tenth of August 2020, the Prime Minister promulgated Decision No. 22/2020/QD-TTg on reducing land rental in 2020 for lessees affected by Covid-19 according to Resolution No. 84/NQ-CP dated May 29, 2020. The Decision has come into effect on the date of promulgation. The beneficiaries to the land rental reduction policy are enterprises, organizations, […]

OFFICIAL RESOLUTION ON ADJUSTMENT IN PERSONAL AND FAMILY CIRCUMSTANCE DEDUCTION

On June 02, 2020, National Assembly Standing Committee issued Resolution no. 954/2020/UBTVQH14 regarding adjustment in personal and family circumstance deduction level for personal income tax. Personal and family circumstance deduction level are prescribed in Law on Personal Income Tax: Now, taxpayer’s personal deduction level is VND 9 million/month (equivalent to VND 108 million/year). Now, family […]