The Vietnam government has issued Decree No. 114/2020/ND-CP, which provides rules for the implementation of the 30% reduction in corporate income tax for SMEs that was approved earlier in the year in response to the impact of COVID-19. The reduction is available for the 2020 fiscal year for companies with annual revenue up to VND 200 billion. The Decree clarifies certain aspects of the 30% reduction, including the revenue threshold. This includes that total revenue for determining eligibility includes all sales, processing fees, and services charges, including surcharges, subsidies, and other amounts that the enterprise is entitled to receive in...