Tax payment extension for businesses with many employees

The Prime Minister has just decided to extend the deadline for paying corporate income tax (CIT) in 2011 for enterprises in a number of labor-intensive industries.

Accordingly, the tax payment deadline for enterprises employing many workers and cooperatives with income from production, processing, and manufacturing of agricultural, forestry, and aquatic products, textiles, footwear, electronic components, and from construction, building, and installation of socio-economic infrastructure works will be extended by 1 year.

A labor-intensive enterprise is an enterprise with an average total number of regular employees in 2011 of over 300, excluding employees with contracts of less than 3 months. In the case of an enterprise organized according to the parent company - subsidiary model, the number of employees of the parent company does not include the number of employees of the subsidiary...

According to Tien Phong