Amendments considered for rules on income, non-agricultural land use taxes
The draft law incorporates provisions on corporate and personal income tax exemptions for income generated from providing catering services for educational institutions and medical establishments.
A draft law is under consideration for amendments and supplements to various articles within the Law on Corporate Income Tax, the Law on Non-Agricultural Land Use Tax, and the Law on Personal Income Tax. The legislation aligns with guidelines set by the Party, particularly in fostering education and training development under Politburo Resolutions No. 71-NQ/TW and No. 72-NQ/TW, and aims to improve school and public health.
The bill specifically exempts public science and technology organizations, public educational institutions, and non-profit private educational institutions from tax, as regulated by government policies. The draft also incorporates provisions for corporate and personal income tax exemptions on income generated from catering services for educational institutions and medical establishments, and non-agricultural land use tax exemptions for educational institutions and ethnic minorities.
Additionally, the legislation introduces tax rates for vacant, unused, or delayed land put into use, with a tax rate of 0.2 percent for such land, with no limit applied. Furthermore, legislators will discuss the draft amended Law on Bidding, which aims to enhance the feasibility, quality, efficiency, and decentralization of bidding activities, as well as the draft law amending and supplementing articles within the Law on Environmental Protection.
Written by urgent.news from SGGP English Edition's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
