Vietnam proposes 30% income tax cut for small firms, business households

HANOI — Vietnam's government plans to seek parliamentary approval for a 30 per cent cut in income taxes for small businesses and household businesses with annual revenue of up to 10 billion dong (S$489,000), as part of efforts to support growth, the government said over the weekend.The proposed tax reduction would apply in 2026 and 2027 to household businesses, individual...