The Government has asked the Ministry of Finance to raise tax and fee exemption and reduction policies to support enterprises.(Photo: VNA) The ministry has been asked to implement reasonably loosened fiscal policy witha focus on supporting enterprises and residents to reduce input costs,stimulate production and reduce output costs, contributing to controlling inflationand promoting growth.
The support policies would include the exemption and reduction of taxes andfees and land use fees following the Prime Minister’s directives and bereported to the Government by mid-March.
The finance ministry should join the Ministry of Planning and Investment andrelevant agencies to complete the study about the global minimum tax and reportto the Government within this month.
A close watch must be placed on the developments in the international marketsand adjustments of fiscal, monetary, trade and investment policies of countriesaround the world to analyse and provide forecasts for timely policy responses.
In addition, the ministry must focus on implementing measures to remove difficultiesin credit, corporate bond market, real estate market, and petrol and oilmanagement to ensure stable, healthy, transparent and safe operation.
Regarding price management, the ministry must raise options for adjustingprices of State-managed goods and services with appropriate roadmaps andcareful studies of the socio-economic impacts, especially electricity, petroland oil.
The Ministry of Finance has sent a draft about extending the tax paymentdeadline to the Ministry of Justice for evaluation.
It was estimated that around 64-65 trillion VND worth of value-added tax, whichshould have been paid in the first half of this year, would be extended.Extension of payment deadlines would also be given to 42.8-43.6 trillion VND and272 billion VND of tax on business households.
These sums would be paid to the State before December 31, meaning the extensionwould not affect this year's budget revenue./.
VNA
