Deputies discuss tax measures to boost economic development
National Assembly deputies gathered
at a plenary session in Hanoi on August 5 to discuss tax measures to
solve difficulties for businesses and individuals as well as boost
economic development in 2011.
The deputies emphasised
the need to immediately put forward a resolution on some issues,
including reducing 30 percent of corporate income tax for small- and
medium-sized enterprises in 2011 and halving the value added, corporate
and personal income taxes from the second quarter to the end of the
year.
They proposed that the NA review the Government
bond issuance programme to assess the efficiency and possibility for
implementation in the coming time.
Measures for the
State budget should focus on raising State budget collection and
surmounting outstanding tax debts together with reducing budget
overspending and public investment, they said, adding that the State
budget overspending should be limited at 5 percent instead of the
current 6 percent.
According to newly-appointed Deputy
Prime Minister Vu Van Ninh, the Government’s goal for 2011-2012 is to
give top priority to curbing inflation, stabilising the macro economy
and ensuring social welfare.
Businesses faced
difficulties resulting from high inflation, input costs and interest
rates as well as a slow economic growth, he said, adding that the
country’s economic growth rate only reached 5.57 percent in the first
six months of 2011, lower than the level of the same period last year
and the set target.
Therefore, the Government has decided to provide certain tax reductions and exemptions for businesses, he stated.
The NA deputies also discussed the implementation of socio-economic
development plans and State budget in the first half of 2011 as well as
measures to implement socio-economic development plans and State budget
in the last six months of the year./.