It prescribes that the Ministry of Finance assumes prime responsibility for, and cooperate with Ministries, sectoral administrations and provincial People’s Committee in, conducting researches and preparing reports to competent authorities on amendments and supplements to regulations of the Law on Corporate Income Tax concerning:
- Determination of the corporate income tax rate and definite-term imposition of that rate on small and medium-sized enterprises;
- Definite-term corporate income tax exemption and relief offered to:
+ Incubation facilities, technical facilities and staff areas;
+ Enterprises and organizations investing in supply chains and organizing business activities of supply chains;
+ Small and medium-sized enterprises transformed from household businesses;
+ Investors in small and medium-sized innovative startup enterprises.
Additionally, the Ministry of Justice will be responsible for amending and supplementing the Decree No. 66/2008/ND-CP on legal aids to enterprises before submitting it to the Government for ratification in December 2018.
The Prime Minister will also direct imperative completion and submission of the Decree on organization and operation of the small and medium-sized enterprise development fund for the Government's ratification.
For more details, please read the Directive No. 15/CT-TTg on approaches and duties to effective implementation of the Law on Support for Small and Medium-sized Enterprises.
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