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Vietnam grants tax incentives for long-term fund investors
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Vietnam grants tax incentives for long-term fund investors
Photo: tinnhanhchungkhoan.vn The new law exempts personal income tax on transfers of open-ended fund certificates if they have been held for at least two years. Previously, all transactions were subject to a 0.1 per cent tax on the transfer value, regardless of the holding period. The legislation also cuts the personal income tax on income distributed by securities investment funds and real estate investment funds from 5 per cent to 2.5 per cent…
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