Workers in economic zones to get 50% tax break

The Ministry of Finance has decided to cut personal income tax by 50 percent on both regular and irregular incomes earned by Vietnamese and foreigners working directly in economic zones. 

The foreigners may or may not reside in Vietnam.
However, it will not apply to people who merely invest in the zones but do not personally work there.
The regulation takes retrospective effect from January 1, 2009.

By L. Dung – Translated by Hoang Yen

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