The Government issued Decree No 124/2008/ND-CP to regulate the implementation of the Law on Corporate Income Tax. Under the law, the new basic corporate income tax rate falls from 28 per cent to 25 per cent, effective from January 1, 2009.
The Government issued Decree No 124/2008/ND-CP to regulate the implementation of the Law on Corporate Income Tax. Under the law, the new basic corporate income tax rate falls from 28 per cent to 25 per cent, effective from
The decree sets special rates for the taxable income of foreign-invested enterprises arising in Viet Nam, or for an offshore enterprise with income from supplying services in Viet Nam, interest or copyright royalties: 5 per cent of services income; 10 per cent of copyright royalties; 2 per cent of interest on loans for the purchase of ships or aircraft; 5 per cent of interest income on lending for machinery and equipment purchases; 0.1 per cent for securities transfer; and 2 per cent for income from construction, transportation or offshore reinsurance.
(Source: VNS)
