Tax Alert - Decree 44 - Support expenses and donations related to Covid 19 are deductible
April 2021 | KPMG Vietnam
In the context of the complex, unpredictable evolvement of the Covid-19 pandemic in the world, which has caused global supply chain disruption and a negative impact to almost every economic sector, the Vietnam Government has implemented and is going to implement several measures to ease the financial burden to impacted taxpayers. On 31 March 2021, the Government has issued Decree No. 44/2021/ND-CP allowing enterprises to claim a CIT deduction for support expenses and donations for the protection and prevention of the Covid-19 pandemic in Vietnam. In addition, the Ministry of Finance has proposed a Draft Decree to the Government to continue the tax payment deferral scheme for 2021.
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