Tax on Securities Investments to be Implemented Next Year
Dec. 17- Vietnam will implement a tax on gains in securities investments beginning January 1, 2010.
Stock investors can choose to either pay the flat 0.1 percent duty fee on the value of each transaction, or a 20 percent levy on trading profits reports Thanh Nien News. Implementation of the tax was temporarily suspended because of the global financial crisis this year. The law was passed by the National Assembly in November 2007.
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