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The proposed tax cuts are estimated to be worth 15.84 trillion dong, the ministry said. Small companies represent more than 93% of the 760,000 businesses in Vietnam, it said.
Finance Minister Dinh Tien Dung on Monday sought lawmakers’ approval for a proposed annual 7.5 trillion dong tax exemption for agriculture land use between 2021 and 2025, the ministry said in a separate post.
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