Legal framework on taxation under discussion
NA deputies focused on
the preferential tax treatment for businesses involved in the support
industries stipulated in the Law on Corporate Tax.
Huynh Minh
Thien, a representative from Ho Chi Minh City, said the regulatory
addition will establish a legal framework for the industry. He suggested
the Government issue a list of supporting products from 2015 onwards.
An
effective taxation framework is a precondition for the country’s
support industries to integrate into the global economy and enjoy
preferential tariff treatment once free trade agreements enter into
force, Bui Van Cuong, a representative from the Central Highlands
province of Gia Lai, said.
However, deputies proposed the
Government review the list of supporting products to ensure they are in
line with the country’s industrial development plan for the upcoming
period.
Deputy Pham Khanh Phong Lan from HCM City suggested
supplementing regulations on preferential treatment for businesses
investing in scientific research, while welcoming regulations on tax
exemption for enterprises’ social activities.
A number of
lawmakers rejected the regulation to abolish penalties for delays in tax
payment in the draft law on tax management, saying it is unfair on
firms that comply with legal regulations.-VNA