HCMC proposes tax, interest rate reductions to support businesses

HCMC proposes tax, interest rate reductions to support businesses

The People's Committee of Ho Chi Minh City has just contributed some opinions on the reduction of corporation tax, value-added tax, and land rent, the extension of tax payment deadlines, and interest rate support to the draft Decree stipulating some solutions to support enterprises and people affected by the Covid-19 pandemic.
HCMC exempts, reduces taxes for 86,200 business households

HCMC exempts, reduces taxes for 86,200 business households

The Tax Department of Ho Chi Minh City said that during the outbreak of the Covid-19 pandemic from May to now, business households and individuals have had to suspend operations following the social distancing policy of the city, tax agencies have coordinated with local authorities and management boards of commercial centers, markets, and local tax advisory councils to exempt and reduce taxes for business households and individuals affected by the pandemic.
Laborers affected by Covid-19 are looking for new jobs at the HCMC Youth Job Center. (Photo: SGGP)

HCMC to activate second support package

State agencies and departments of all districts and Thu Duc City in Ho Chi Minh City are urgently evaluating the status of laborers, businesses encountering difficulties due to Covid-19 pandemic in order to offer necessary help from the city's second support package.