Enterprise Income Tax of Vietnam and Singapore Comparison and Experiences

There are a few differences in taxpayer,object and scope of enterprise income tax in Vietnam and Singapore.The general enterprise income tax rate in Vietnam is 25%(with two preferential rates,10% and 20%),that of in Singapore is 18%.There are features in the calculation of payable income tax amount in the two countries.In terms of the tax preferential policies,Vietnam is distinguished in the calculation of tax relief term,the treatment to extra cost of employment of women and minorities,etc.In order to deal with the economic crisis,Vietnam allows the company income tax of some payable business activities to be paid with a 9-month delay.Singapore makes fine-tuning to some treatment of tax exemption.China can learn their practices in many aspects.