The government proposed tax exemption and reduction.
The Government has just sent the Standing Committee of the National Assembly a Proposal to issue a number of additional tax solutions to remove difficulties for businesses and individuals, contributing to promoting economic development in 2011.
The National Assembly Standing Committee is expected to consider the Government's proposal in the next two days, before submitting it to the National Assembly session later this month.
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Individuals and households that rent out boarding houses and rooms to workers, students, and babysitters, and individuals and organizations that provide meals to workers at the same price as at the end of 2010 are proposed to have their value added tax, personal income tax, and corporate income tax reduced by 50% from the third quarter until the end of this year.
Regarding personal income tax, the proposed tax exemption period for some subjects related to securities investment is the end of 2012. Meanwhile, for individuals with taxable income from salaries, wages and business to the level of personal income tax at level 1 according to the progressive tax table of the Personal Income Tax Law, the proposed tax exemption period is shorter, only from August 1 until the end of this year.
According to VTV
