Decree No. 92/2013/ND-CP dated 13 August 2013 has been issued to provide guidance on the implementation of the amendments to the corporate income tax (CIT) and value added tax (VAT) as previously reported: -   Reduction of CIT to 20% for enterprises with a total annual revenue not exceeding VND 20 billion, effective since 1 July 2013. The reduced CIT rate applies to total revenue from the sale of goods and services from the preceding year. Enterprises in operation for less than 1 year, may apply the reduced rate if they have an average monthly revenue (until 30 June 2013)...