1. He said the amount of tax is usually calculated based on the length of time the property is owned and the percentage of profit realized.
2. He attributed that change to economic deceleration, corporate profit decline and tax cuts made to boost growth.
3. And Ho Chi Minh City promised to exempt foreign companies from paying corporate income tax for eight years after they begin to make a profit.
4. profit and tax
4. Companies allowed to operate there will enjoy a 15 percent preferential corporate profit tax rate, and workers will be exempted from individual income tax.
5. It will be implemented next year and could raise the tax deduction level for donations to charity to 20 percent of a company's yearly profit.
6. Profits after tax may be exchanged 100% and remitted overseas, without any profit remittance taxes.
7. So it is a fairly good way to collect the special profit tax and the oil companies have due social responsibility to pay.
8. It is imperative that interest rates are more flexible and responsive to market needs and the government should consider a special profit tax for banks.
9. Some experts believe that with price rise and low interest rates for deposits, interest tax leaves less and less profit for deposit owners.
10. Government departments will evaluate the annual income and profit and then send tax forms through the Net.