Lawmakers support tax cuts for enterprises

Lawmakers in the National Assembly have agreed that tax cuts and exemptions will help ease production and business difficulties sweeping the nation.
Lawmakers in the National Assembly have agreed that tax cuts andexemptions will help ease production and business difficulties sweepingthe nation.

Most NA deputies supported a Governmentproposal to cut taxes by 30 percent for small and medium enterprises andfor those enterprises in specific fields with a large number ofworkers.

In addition, value-added tax and income andenterprise taxes will be cut for individuals and households rentinghouses or rooms to students and workers, or those who providedbaby-sitting or industrial meal services, with the proviso that allprices be held at last year's level.

Most deputies agreedthe tax measures will help enterprises and labourers overcome problemsdue to a shortage of capital or product output. The resolution onmeasures to solve production and business difficulties is expected to beadopted by the NA near the end of its session.

DeputyPhung Van Hung from Cao Bang province said incentives to helpenterprises overcome difficulties should focus on main points instead ofa broad-brush approach.

"However," Hung said, "we shouldnot support very weak enterprises because it is a good chance for us torestructure enterprises."

Deputy Mai Huu Tin from BinhDuong province said the Government should consider reasonable criteriafor defining small and medium enterprises in order to increase thenumber of businesses benefiting from tax cuts.

Deputy Nguyen Thanh Hai from Hoa Binh province said measures should focus on reducing input expenses for enterprises.

Deputy Tran Thanh Hai from HCM City said 56,000 guesthouseproprietors have committed to holding rent prices for 1.5 millionworkers in HCM City .

"Tax preferential policy of the National Assembly will benefit workers and labourers directly," Hai said.

Deputy Tran Du Lich, also from HCM City , suggested the NAconsider tax cuts in the fields of agricultural and material production.

"The National Assembly and the Government should send aclear message that it was reducing enterprise taxes by 25-30 percent tocreate a strong driving force to help production and trading," Lichsaid.

Meanwhile, the NA on June 12 also discussed thedraft of a revised and amended law on tax management and adopted aresolution on building laws and ordinances this year and correcting lastyear's programme.-VNA

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