FROM FEBRUARY 25, 2020 THERE ARE TEN CASES TO BE EXEMPTED FROM BUSINESS LICENSE TAX

According to Circular No. 22/2020/ND-CP issued by the Government on February 24, 2020 and coming into effect from February 25, 2020:

– From February 25, 2020 onwards, the below 10 cases are exempted from business license taxes:

• Individuals, groups of individuals, family households producing, conducting business with an annual turnover of 100 million VND or less;
• Individuals, groups of individuals, family households producing, conducting business irregularly; on no stable premises as guided by the Ministry of Finance;
• Individuals, groups of individuals, family households producing salt;
• Organizations, individuals, groups of individuals, family households operating fisheries and providing fishing logistical services;
• Communal cultural post offices; press agencies (printed, radio, television and online newspapers);
• Cooperatives, cooperative unions (branches, representative offices and business locations of such included) operating in the agriculture field in accordance with laws on agricultural cooperatives;
• People’s Credit Funds; branches, representative offices, business locations of cooperatives, cooperative unions and of sole proprietorships conducting business in mountainous areas. Such mountainous areas will be determined by the Committee on Ethnic Minority Affairs;
• Several entities within their first year of incorporation or of carrying out production, business activities (from January 01 to December 31);
• Small and medium-sized enterprises converted from business households (under Article 16 of the Law on Support for Small and Medium-sized Enterprises) are exempted from business license taxes within 03 years from the date of first issue of their Enterprise Registration Certificates.
• Public general educational institutions and public preschool educational institutions.

Best regards,