Keyword: "Tax relief"

Economic expert Assoc. Prof. and Dr Ngo Tri Long said the tax cuts will improve cash flow and provide small businesses with additional working capital without incurring borrowing costs, particularly as access to affordable credit remains difficult.

The State budget revenue in January – April was estimated to total 491.38 trillion VND (21.05 billion USD), representing a drop of 5.9 percent against the same period last year, as the Government offered tax relief to support those affected by the COVID-19 pandemic, according to the Ministry of Finance.