715 million USD back taxes cancelled

by VTV408 August 2016 Last updated at 14:58 PM

VTV.vn - The Ministry of Finance has proposed to cancel debt, interest and tax arrears worth 15 trillion VND or 715 million USD from struggling enterprises. The move is part of attempts to boost the slow business recovery.

Around 217 million USD or 7.5 trillion VND of the total is attributed to bankrupt firms from prior to 2014. The Ministry of Finance also allocated 6.7 trillion VND or 200 million USD for enterprises that were unable to pay taxes in the 2014 - 2015 period. To avoid firms closing and re-opening as a new one to avoid tax, the ministry will only issue tax number for enterprises 2 years after they announce their bankruptcy.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-04-27 06:32 UTC

WEATHER FORECAST