Wednesday, August 16, 2017 - 22:34:22

Efforts made to reform taxation procedures

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A workshop was held in Ho Chi Minh City on August 20 to seek to drastically reduce administrative procedures and tax-payment time and cost for businesses.

The Government has earlier adopted Resolution 19/2014/NQ-CP regarding these issues, targeting to further improve the country’s basic business indicators.

According to Nguyen Thi Cuc, President of the Vietnam Tax Consultants’ Association, the time required for filling tax procedures by businesses have been reduced remarkably, from 1,050 hours per year seven years ago to 872 hours recently, as estimated by the World Bank.

Vietnam has set that up to 95 percent of enterprises will declare tax online by the end of 2014 and 15 out of 63 localities will use e-tax payment by 2015. The changes are expected to cut by half the time enterprises spent on clearing tax procedures by the end of 2015.

To shorten tax-payment duration, it is necessary to increase the use of electronic tax payment services among enterprises, Cuc noted.

Meanwhile, Hoang Thi Lan, deputy head of the Committee for Taxation Reform and Modernisation under the Ministry of Finance, the General Department of Taxation has figured out that one of the reasons making tax payment take time is enterprises’ time-consuming preparations of documents required.

According to the ministry, a number of changes will also be made to save time for businesses, including the cutting of many tax declaration forms and adjustments in regulations mandating the documents needed for tax payment.

The event was part of the project on improving state governance comprehensively, supported by the US Agency for International Development.-VNA

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