Vietnam's Ministry of Industry and Trade has announced Resolution No. 406/NQ-UBTVQH15, which was approved by the National Assembly Standing Committee on 19 October 2021 to provide additional tax support for individuals and businesses affected by the COVID-19 pandemic. One of the main support measures of the resolution is a 30% reduction in corporate income tax for SMEs in 2021, which is similar to the reduction provided in 2020. The tax reduction relief is available for companies whose annual revenue in the 2021 fiscal year does not exceed VND 200 billion and is lower than their annual revenue in 2019. The...