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Forum discusses tax policy supporting businesses

Relevant agencies have rolled out various solutions this year to help taxpayers cope with the adverse impact of COVID-19, a forum on tax policy held in Hanoi on December 18 heard.
Forum discusses tax policy supporting businesses ảnh 1At the forum (Photo: VNA)

Hanoi (VNA) -
Relevantagencies have rolled out various solutions this year to help taxpayers copewith the adverse impact of COVID-19, a forum on tax policy held in Hanoi on December18 heard.

The Ministry of Finance has worked tocomplete institutions, raise the validity and efficiency of the tax system, andfoster administrative reform. It has also bolstered the utilisation of moderntax management apps.

A number of mechanisms and policiesresponding to the pandemic have been submitted to the Government, of particularnote Decree No 41/2020/ND-CP on the extension of tax payments and land rentsfor companies and household businesses, increases to family circumstance-baseddeductions for taxpayers, and exemptions on import tariffs for medical suppliesand devices used to fight COVID-19.

Similarly, various measures were introducedby the customs sector to address bottlenecks and support export-importcompanies, thereby facilitating trade, raising the efficiency of Statemanagement, and ensuring budget collections, said Le Manh Hung, deputy head ofthe export-import authority at the General Department of Vietnam Customs.

The sector will continue with theimplementation of effective measures, bolster administrative reform, andsupport companies in the future, he added.

Vietnam’s total foreign trade in the first11 months was estimated at nearly 490 billion USD, a year-on-year rise of 3.6percent. The customs sector collected about 310 trillion VND (13.42 millionUSD) for the State budget, down 11 percent against 2019.
Forum discusses tax policy supporting businesses ảnh 2At a tax office in Ninh Binh (Photo: VNA)
There are now 194 online public servicesbeing offered via the portals of the General Department of Taxation and localtax offices nationwide.

More than 794,000 businesses are makingonline tax declarations, or 99.32 percent of those in operation.

The Ministry of Finance in cooperation with55 commercial banks has introduced electronic tax payments for about 780,600businesses.

It will keep a close watch on the situationso as to timely compile and introduce support measures, while continuing withthe implementation of existing measures./.
VNA

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