More taxes cut off in economic stimulus package
Friday, 17. April 2009, 11:05:58
Prime Minister decided to lift up taxes to promote consumption - From May 1 till Dec 31, 2009, pretax for car and minivan under 10 seats will be reduced by 50%, value added tax for consumption commodities like: yarn, fabric, garments, leather shoes, paper, cement, tiles and motors cycle over 125 cm3 is also reduced by 50%.
Premier Nguyen Tan Dung signed the decision on Apr 16 guiding Ministry of Finance to implement tax reduction accordingly. According to explanation in the decision, the taxes cut off is to promote investment and consumption in the local market, to prevent economic recession, and to reduce difficulties for local businesses.
Some sorts of machines, equipment and spare parts are also get privilege of extended due date to pay value added tax up to 180 days since declaration made to custom office./.
Premier Nguyen Tan Dung signed the decision on Apr 16 guiding Ministry of Finance to implement tax reduction accordingly. According to explanation in the decision, the taxes cut off is to promote investment and consumption in the local market, to prevent economic recession, and to reduce difficulties for local businesses.
Some sorts of machines, equipment and spare parts are also get privilege of extended due date to pay value added tax up to 180 days since declaration made to custom office./.
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