Forum discusses tax policy supporting businesses

Relevant agencies have rolled out various solutions this year to help taxpayers cope with the adverse impact of COVID-19, a forum on tax policy held in Hanoi on December 18 heard.
Forum discusses tax policy supporting businesses ảnh 1At the forum (Photo: VNA)

Hanoi (VNA) -
Relevant agencies have rolled out various solutions this year to help taxpayers cope with the adverse impact of COVID-19, a forum on tax policy held in Hanoi on December 18 heard.

The Ministry of Finance has worked to complete institutions, raise the validity and efficiency of the tax system, and foster administrative reform. It has also bolstered the utilisation of modern tax management apps.

A number of mechanisms and policies responding to the pandemic have been submitted to the Government, of particular note Decree No 41/2020/ND-CP on the extension of tax payments and land rents for companies and household businesses, increases to family circumstance-based deductions for taxpayers, and exemptions on import tariffs for medical supplies and devices used to fight COVID-19.

Similarly, various measures were introduced by the customs sector to address bottlenecks and support export-import companies, thereby facilitating trade, raising the efficiency of State management, and ensuring budget collections, said Le Manh Hung, deputy head of the export-import authority at the General Department of Vietnam Customs.

The sector will continue with the implementation of effective measures, bolster administrative reform, and support companies in the future, he added.

Vietnam’s total foreign trade in the first 11 months was estimated at nearly 490 billion USD, a year-on-year rise of 3.6 percent. The customs sector collected about 310 trillion VND (13.42 million USD) for the State budget, down 11 percent against 2019.
Forum discusses tax policy supporting businesses ảnh 2At a tax office in Ninh Binh (Photo: VNA)
There are now 194 online public services being offered via the portals of the General Department of Taxation and local tax offices nationwide.

More than 794,000 businesses are making online tax declarations, or 99.32 percent of those in operation.

The Ministry of Finance in cooperation with 55 commercial banks has introduced electronic tax payments for about 780,600 businesses.

It will keep a close watch on the situation so as to timely compile and introduce support measures, while continuing with the implementation of existing measures./.
VNA

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