Vietnamplus

A delegation of the Vietnamese National Assembly’s Finance-Budget Committee led by Chairman Nguyen Duc Hai has paid a visit to Germany to learn from the country’s experience in State budget and tax management.

The taxation sector collected more than 1.14 quadrillion VND (49.46 billion USD) in tax for the State budget in 2018, equal to 107.2 percent of estimates and up 12.3 percent from 2017.

The General Department of Taxation’s plan of taxing business households with annual revenue from 100 million VND (4,300 USD) is causing controversy.

The National Assembly will mull over the adoption of six bills at the seventh session to be opened on May 20, 2019.

The National Assembly (NA) is scheduled to vote on the draft law on protection of state secrets on November 15, part of its ongoing sixth session.

The National Assembly continued the agenda of its ongoing sixth session on November 12 with Chairwoman Nguyen Thi Kim Ngan in the chair.

Legislators will vote on a resolution ratifying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and relevant documents on November 12, as part of the ongoing sixth session of the 14th National Assembly.

NA deputies are to vote on a resolution on socio-economic development plan for 2019 during their sitting on November 8 within the framework of the NA’s ongoing 6thsession.

The National Assembly continued its agenda on November 7 with Chairwoman Nguyen Thi Kim Ngan in the chair.

The National Assembly will spend most time in the third working week of the 6th session (beginning November 5) on law building work.

Vietnam has made encouraging achievements in improving the local business climate and national competitiveness since the issuance of Resolution No.19 in 2014, as heard at a seminar held in Hanoi on November 2.

The processing time for tax credit claims has now been cut down by 75 percent compared to the procedures in 2015.

The State Audit of Vietnam (SAV) has carried out 222 audits out of total 232, equivalent to 95.7 percent of its yearly plan, recovering nearly 8.4 trillion VND (360.5 million USD) for the State budget in the last nine months.

The 14th National Assembly (NA) will conduct a vote of confidence on those holding the positions it elected or approved, during the sixth session scheduled to open next week.

The National Assembly (NA) will elect the State President at the beginning of the sixth session, said NA General Secretary and Chairman of the NA Office Nguyen Hanh Phuc at the NA Standing Committee’s 28th meeting on October 16.

The 27th meeting of the National Assembly Standing Committee concluded on September 20 after nine working days to prepare important contents for the NA’s sixth session slated for October.

Vietnam needs to create a fairer and more transparent tax environment, said Ambassador of the Republic of Korea (RoK) to Vietnam Kim Do-hyun on September 17.

The National Assembly Standing Committee will convent its 27th meeting on September 10, with several important draft laws and reports on the agenda.

Taxpayers will have the right to know the time limit for tax refunds and non-refundable tax amount with legal grounds, according to a draft revision for the Law on Tax Management.

The 14th National Assembly (NA) on June 8 passed a resolution on the programme of building laws and ordinances in 2019 and adjustments to the programme for 2018 during ongoing fifth session in Hanoi.