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Vietnam: Tax developments in response to COVID-19

General Information

This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).

The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.

Date accurate as of: 30 September 2020

Tax relief measures include extended due dates for taxpayers to pay value added tax (VAT), individual (personal) income tax, and the amounts owed for land rental if the taxpayers are considered “vulnerable” in light of the coronavirus (COVID-19) pandemic. In particular:

  • 30% CIT reduction: Businesses with total revenue in 2020 not exceeding VND200 billion (around USD8.5m) shall be entitled to a 30% reduction of CIT payable in 2020. Decree 114/2020/ND-CP dated 25 September 2020.

Additional information regarding employment-related measures, economic stimulus measures and other measures.