Considering to reduce 30% income tax for small and medium enterprises in 2020

The government will submit to the National Assembly standing committee and the government to consider and decide many contents related to the support for enterprises and economic development after the COVID-19 pandemic.

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In details, they will regulate the environment protection tax for aviation fuel equal to 70% of the regulated tax level; exempt the money for granting permits for exploiting the water resources for production and business establishments in 2020. The income tax being paid in 2020 of small and medium enterprises will be reduced 30% to support them in the pandemic.

The government also submitted the National Assembly to approve the government to allocate the central budget investments in 2020 among ministries, central agencies and localities , issue resolution on changing investment form of some projects under the north-south expressway to the eastern side from public-private partnership to public investment , revoke the ministry of construction’s jurisdiction in granting construction permits and assign this task to the provincial people’s committees to grant construction certificates for special projects./.