On 19 June 2013, the National Assembly approved the following key amendments to the CIT Law, which take effect from 1 January 2014 (unless otherwise stated): -   Tax rates will be reduced to 22% (from 25%) with effect from 1 January 2014 and 20% from 1 January 2016. -   Enterprises having total revenue of less than VND 20 billion must apply a 20% rate from 1 July 2013, excluding certain types of transactions such as the transfer of capital, transfer of real property, transfer of the right to explore, mine and process minerals, etc. -   Other taxable...