Tax Incentives Total VND14 Trillion
Tax cuts, exemptions and deferrals for local enterprises nationwide totalled VND14 trillion (US$672 million) as of September 7, according to the Ministry of Finance (MOF).
Over 190,280 enterprises were allowed to defer VND11 trillion (US$528 million) in value added tax payments in April, May and June, while another 70,300 businesses were allowed to defer 2.87 trillion (US$137.76 million) in tax arrears, the MOF reported.
Around 33,500 fishing and salt-making household businesses were exempt from a total of VND10 billion (US$480,000) in business taxes and more than 2,400 enterprises had their land lease fees for 2012 cut by half, amounting to a total of VND250 billion (US$12 million).
The Government adopted measures known as Resolution 13 in May to support struggling enterprises and boost the local market.
Nhan Dan
Vietnamese
