Vietnam will simplify tax-related administrative procedures to facilitate businesses’ tax payments. (Source: VNA)Hanoi (VNA) – The General Department of Taxation under the Ministry of Finance has worked hard to simplify tax-related administrative procedures to facilitate businesses’ tax payments, said the agency.
The tax sector proposed the ministry abrogate 32 procedures and simplify 40 others, while examining and adjusting regulations concerning tax management.
The sector issued decisions to modify and supplement 51 out of 70 regulations. Attention was given to the expansion of online tax declaration, with 99.47 percent of total businesses joining the scheme.
The general department has arranged online tax declaration and payments for house-leasing, house and land assignment and the payment of the registration fee for automobiles and motorbikes.
The agency also worked with relevant units on a plan to apply information technology in issuing electronic invoices with the confirmation of tax agencies.
It has also coordinated with tax agencies abroad and international organisations to learn experience in tax collection, towards bettering tax management in Vietnam.
To date, Vietnam has signed 74 agreements relating to tax with foreign partners, with 66 of them in effect.
The country has had connections with nine countries and territories, including the Republic of Korea, Japan, Singapore, Taiwan (China), France, Belgium, Poland, the Philippines and China.
It has also joined activities in the framework of cooperation programmes with the US, France, the RoK, Laos and Malaysia, and organisations such as the International Monetary Fund, the European Union, the Study Group on Asian Tax Administration and Research (SGATAR) and the Japan International Cooperation Agency (JICA).-VNA
