A plenary session of the 15th NA's fifth sitting (Photo: VNA) This is part of the resolutionof the NA’s fifth session that received support from 481 of the 482 deputiescasting votes on June 24 afternoon.
Earlier, Secretary General of the NA and Chairmanof the NA Office Bui Van Cuong had delivered a report explaining and presentingrevisions to the draft resolution, which was sent to legislators on June 21 toseek their feedback.
He said that some deputiesrecommended expanding the coverage of the VAT cut to all groups of goods andservices currently subject to the tax rate of 10%; raising the reduction levelto 3%, 4% or 5%; and extending the policy until mid-2024 or the end of that year.
However, the NA Standing Committee held that if the coverageand level of the VAT reduction are further expanded, the state budgetcollection will be affected much. Meanwhile, the Government hasn’t fullyassessed this policy’s effects, especially amid the budget revenue decline duringthe first months of 2023 compared to the same period last year.
Therefore, the NA Standing Committee wishedto propose the NA maintain the coverage and level of the tax cut, Cuong noted.
Also on June 24, theparliament adopted a resolution on the activityof questioning at its fifth session.
During the fifth session, the NA approved eight laws and 17resolutions, gave opinions for the second time on the draft revised Land Law,and scrutinised eight draft laws for the first time./.
VNA
