The new amended law allows businesses not to pay for advertisement, marketing, promotion and some other spending more than 10 per cent of total expenditures reasonable for taxation.
Lawmakers said that the reduction of corporate income tax will create favorable business and investment environment, help companies improve financial accumulation and capability and competitiveness.
Vietnam has last cut the CIT from 32 per cent to 28 per cent in 2003. (Saigon Economic Times)
April 24–25, 2026
Kinh Bac Cultural Center, Bac Ninh Province
Vietnamese
