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Table 6. SME Survey Response to the Questionnaire: Criteria for Presumptive Taxation Country 20. Tax Base Tax Rates by Region Does Revenue Accrue to Sub- National Governments? Is there a Simple Patent? Peru Trinidad and Tobago Vietnam The tax is based on gross sales, gross purchases, consumption of electricity and telephone services and on the maximum price of individual goods. A monthly fee is established based on these factors. There is no Simplified or presumptive taxation in Trinidad and Tobago but Income Tax on all business profits must not be less than 0.2% of Gross Income. Vietnam applies presumptive tax method with individual business households, individual enterprise, and foreign individual enterprise organization in Vietnam that have not practiced accounting system and invoices. … … No … … No … … No Source: Countries authorities.
Table 7. SME Survey Response to the Questionnaire: Special Tax Incentives Country 10. Are there any special tax incentives specifically for SMEs (for example reduced VAT rates, or allowances and tax credits targeted at small and medium - sized businesses? 19. Are there any tax advantages available only for large firms or large investments (perhaps in particular regions)? If yes, please describe. Albania No, however, businesses that exert activities in the production field for the first time benefit from the non-payment of the profit tax for a six months period. No Algeria No Tax advantages are granted regardless of the size of the businesses. The criteria applied are the type of activity and where the business is located. The ANDI arrangement provides a specific system for certain large investments. The ANSEJ arrangement provides an investment threshold of DA 10,000,000. Argentina Yes, there is a VAT reduced rate of 10.5% for publicity services supplied by SMEs No Benin No With respect to investments, a business that acquires capital goods amounting to more than CFAF 40 million may benefit from a refund of VAT credit. Bolivia No No Brazil No, the only incentives are the presumptive regimes themselves (SIMPLES and Lucro Presumido). No Chile No No China China does not yet have special value-added tax preferences for small and medium-sized enterprises. The tax laws currently in force in China have no tax benefits targeting large enterprise or large scale investments. Colombia No No Kenya No The only tax advantage relates to set-off of import duty for investment in a project costing more than USD 70,000. However, prior approval must be given by the Minister. Peru No No Trinidad and Tobago No Yes Vietnam No All enterprises in general (regardless of sizes) receive CIT incentives if they have projects invested in preferred sectors, investment in difficult or especially difficult areas Source: Countries authorities.
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