Answering over 30 questions on Tax - Customs policies for Southern enterprises

VCN – At the dialogue conference on Tax and Customs policies for Southern enterprises held by the Ministry of Finance and the Vietnam Chamber of Commerce and Industry on 30 November, 2016. Most questions of enterprises were related to policies on VAT, Enterprise Income Tax, Special Consumption Tax, Import-Export Tax and questions relating to tax refund and tax preferences for Enterprise Income Tax, etc.
answering over 30 questions on tax customs policies for the southern enterprises E-payment helps to improve efficiency of the public service
answering over 30 questions on tax customs policies for the southern enterprises Policies to develop the automotive industry
answering over 30 questions on tax customs policies for the southern enterprises Review and issue a full notice of tax debts
answering over 30 questions on tax customs policies for the southern enterprises
Deputy Minister of Finance Vu Thi Mai delivered a speech at the Conference

According to statistics of the organization board, 30 questions of over 20 enterprises were answered by leaders of the Department of Tax Policy under the Ministry of Finance, the General Department of Taxation and General Department of Customs.

Remarkably, many enterprises highly appreciated the reform of administrative procedures to support the enterprises of the Ministry of Finance, the General Department of Taxation and General Department of Customs, however there were many problems mentioned at the Conference.

Specifically, according to the Soc Trang Business Association, the current assigned tax policies are not really fair; many units have large revenue but their assigned payable taxes are low which makes them not want to register their business as a company. Selling products without invoices is still common, not only individual business but also small size and medium size enterprises which collect hundreds of millions per day without invoices and though consumers have to pay for tax, they are also not familiar with getting purchasing invoices. This causes not only loss to the State budget revenue but also inequality in production and business

Also according to representatives of the Soc Trang Business Association, the implementation of tax refund still has many shortcomings, for example: a company in Soc Trang province was eligible for tax refund prior inspection but the company was transferred to inspection prior tax refund and finally the company did not receive the tax refund, which led to loss of more than 40 billion vnd for the company from non- tax refund. Currently there have been provisions to penalize enterprises that pay tax late but there have not been provisions to penalize tax agencies which delay the implementation of tax refund for enterprises.

In addition, the representatives of Soc Trang Business Association also said that Taxation should improve the efficiency of propaganda and guidelines on tax policies for enterprises to avoid that enterprises does not fully understand the policies on tax declarations and tax reports, when being inspected, enterprises need to pay large tax arrears leading to bankruptcy.

Regarding the policies, a representative of Kim Xuan Company in Can Tho said: that the company is free from import duty for raw materials for production of exporting goods having to pay anti-dumping duty is unreasonable, makes difficulties for company in production and business.

Also concerning the problems on tax procedures, a company’s representative acknowledged that during investigating the performance of tax procedures of the company from 2010 to 2013, the Ho Chi Minh Department of Taxation implemented the collection of tax arrears and fines for late payment and administrative violations for the company due to the company not being eligible for tax incentives in expanded investments. However, after that the Taxation department re-determined the company’s investment activity which was a regular investment, the company was entitled to tax incentives and received back the paid tax arrears. But the fines for late payment and administrative violations were not paid back to the company.

Besides the specific problems mentioned above, many enterprises also complained about the disunion in instructions and performances of tax procedures between the General Department of Taxation and local tax agencies as well as between local tax agencies that caused difficulties for the enterprises.

About Customs, many enterprises also proposed to shorten the time in specialized inspection and reasonably handled violations of enterprises due to differences in results of analysis and HS code application and stated suggestions relating to C/O for imported goods. Speaking at the conference, Deputy Minister of Finance Vu Thi Mai highly appreciated the questions and comments and the successes of the production and business of the enterprises during the past time and wished the business community to continue to invest and promote the production and business activities to contribute to economic development.

Deputy Minister Vu Thi Mai asked enterprises to work with Tax and Customs agencies, and strictly abide by laws on Tax and Customs. The Ministry of Finance directed the General Department of Taxation and the General Department of Customs together with functional agencies of the Ministry of Finance to review and post unanswered questions in the conference on the websites of the General Department of Taxation and the General Department of Customs. For written questions, the General Department of Taxation and General Department of Customs will answer in documents.

Deputy Minister Vu Thi Mai requested enterprises to continue to reflect and suggest to the General Department of Taxation, the General Department of Customs and the Ministry of Finance about the arising problems on procedures and policies on Tax and Customs besides problems mentioned in the conference for the General Department of Taxation, the General Department of Customs and the Ministry of Finance to direct their functional units to answer and solve the problems for enterprises in a timely fashion.

answering over 30 questions on tax customs policies for the southern enterprises Continuously upgrading the application supporting online tax declarations

VCN- In recent times, the General Department of Taxation has continuously upgraded and updated the application supporting ...

According to Deputy Minister Vu Thi Mai, on the basis of contributions from the enterprises and VCCI on recommendations today as well as problems arising in production and business, the Ministry of Finance acknowledged and directed the units to study the managing polices and perfect the tax policies in equity, transparency and simplicity, and continue to reform the administrative procedures and modernize Taxation, Customs, and train officials and carry out the movements and rotations for the officials during performance of public duties to better serve enterprises.

By Nguyen Hue/ Huyen Trang

Related News

Ho Chi Minh City Customs: Exceeded the state budget revenue target by nearly 100 billion VND

Ho Chi Minh City Customs: Exceeded the state budget revenue target by nearly 100 billion VND

VCN - Carrying out the task of collecting the state budget in a very difficult context, but with the outstanding efforts of the leadership and civil servants of Ho Chi Minh City Customs Department, the unit has exceeded the state budget collection target by the end of the year.
Hai Phong Customs collects over VND87 billion from post-clearance audit

Hai Phong Customs collects over VND87 billion from post-clearance audit

VCN – The Post-clearance audit branch (under Hai Phong Customs Department) alone has conducted 236 audits and collected VND86.4 billion.
Noi Bai International Border Gate Customs Sub-department: "Blocking" drugs via air

Noi Bai International Border Gate Customs Sub-department: "Blocking" drugs via air

VCN - Along with the recovery and growth of passenger and cargo flights, illegal drug transportation by air is on the rise with increasingly sophisticated and complex tricks and constantly changing methods of operation to deceive Customs and other authorities.
Hai Phong Customs focuses on customs supervision and management

Hai Phong Customs focuses on customs supervision and management

VCN – With a large number of enterprises and declarations carrying out import and export procedures, Hai Phong regularly focuses on strengthening customs supervision and management.

Latest News

Việt Nam on track to become top tourist destination in the digital age

Việt Nam on track to become top tourist destination in the digital age

The Singaporean website opengovasia.com has published an article stating that Việt Nam is creating an ideal environment for a thriving digital ecosystem and technological advancements in the tourism sector, thanks to its over 78 million internet users and 73.3 per cent of the population active on social media.
PM Chính calls for optimal plan to streamline and restructure organisational apparatuses

PM Chính calls for optimal plan to streamline and restructure organisational apparatuses

Prime Minister Phạm Minh Chính emphasised that the restructuring of the organisational apparatus must adhere to the principles of efficiency and effectiveness.
Anti-wastefulness a key, urgent task for 2025: Party chief

Anti-wastefulness a key, urgent task for 2025: Party chief

The leader pointed to the need that the fight against corruption, wastefulness and negative phenomena should not impede socio-economic development or enable the abuse of anti-corruption efforts for personal gain.
Affirming Việt Nam’s standing in the flow of the era

Affirming Việt Nam’s standing in the flow of the era

On the occasion of New Year 2025, State President Lương Cường gave an interview to the Vietnam News Agency (VNA).

More News

Industrial Growth Projections for 2025

Industrial Growth Projections for 2025

VCN - The Ministry of Industry and Trade has set ambitious goals for 2025, targeting an industrial production index growth of approximately 9–10% compared to 2024. Additionally, merchandise exports are expected to rise by around 12% relative to the previous year.
Automobile localization: rapid development from internal strength

Automobile localization: rapid development from internal strength

VCN - Enjoying many investment incentives for many years, FDI enterprises have failed to fulfill their commitments on the localization rate in automobile production. It was thought that Vietnam would not have an automobile manufacturing industry, depending on imports and stopping at assembly. However, in a short time, with their internal strength, determination and mettle, domestic enterprises have initially affirmed their role and position in the automobile market, with strong development in both quantity and quality.
Request for price management and stabilization, avoiding unusual fluctuations during Tet 2025

Request for price management and stabilization, avoiding unusual fluctuations during Tet 2025

VCN - Minister of Finance Nguyen Van Thang has just signed and issued Directive No. 05/CT-BTC on strengthening the price management, operation and stabilization during the Lunar New Year 2025.
Improving aviation infrastructure and logistics key to attracting foreign tourists

Improving aviation infrastructure and logistics key to attracting foreign tourists

With an annual growth rate forecast to remain steady at 5-6 per cent per year, Việt Nam will receive around 150 million foreign visitors by 2035 and 200 million by 2040, 1.9 times and 2.5 times higher than in 2019, respectively.
Adapting and innovating in a dynamic global environment

Adapting and innovating in a dynamic global environment

VCN - According to Dr. Nguyen Tri Hieu (pictured), Director of the Global Finance and Real Estate Market Research and Development Institute, Vietnam's open economy means that in 2025, both its economy and financial market will be inevitably affected by the constantly fluctuating international environment.
Smart Border Gate: Modern Trade Connection Platform

Smart Border Gate: Modern Trade Connection Platform

VCN - Customs News had an interview with Mr. Ho Tien Thieu, Chairman of Lang Son Provincial People's Committee about the implementation of the Government's pilot project to build a smart border gate.
Việt Nam, Laos maximise trade, investment cooperation potential

Việt Nam, Laos maximise trade, investment cooperation potential

The People’s Committee of HCM City and the Lao Consulate General in the city on Friday oganised a Việt Nam-Laos trade and investment promotion forum.
Diverse economic, political landscapes make ASEAN foreign investment hub

Diverse economic, political landscapes make ASEAN foreign investment hub

The ASEAN region has become a significant destination for foreign direct investment (FDI) thanks to its ’diverse economic and political landscapes,’ an official from Laos said at a forum in HCM City on Friday.
To keep businesses on track in the "arduous" green transformation journey

To keep businesses on track in the "arduous" green transformation journey

VCN- Vietnamese businesses cannot stay out of the green transformation trend because this is one of the global strategic priorities. According to Mr. Nguyen Quang Vinh (photo), Vice President of the Vietnam Federation of Commerce and Industry (VCCI), Chairman of the Vietnam Business Council for Sustainable Development (VBCSD), management agencies are making many efforts to support the business community in this work.
Read More

Your care

Latest Most read
Việt Nam on track to become top tourist destination in the digital age

Việt Nam on track to become top tourist destination in the digital age

The Singaporean website opengovasia.com has published an article stating that Việt Nam is creating an ideal environment for a thriving digital ecosystem and technological advancements in the tourism sector, thanks to its over 78 million internet users and 73.3 per cent of the population active on social media.
PM Chính calls for optimal plan to streamline and restructure organisational apparatuses

PM Chính calls for optimal plan to streamline and restructure organisational apparatuses

Prime Minister Phạm Minh Chính emphasised that the restructuring of the organisational apparatus must adhere to the principles of efficiency and effectiveness.
Anti-wastefulness a key, urgent task for 2025: Party chief

Anti-wastefulness a key, urgent task for 2025: Party chief

The leader pointed to the need that the fight against corruption, wastefulness and negative phenomena should not impede socio-economic development or enable the abuse of anti-corruption efforts for personal gain.
Affirming Việt Nam’s standing in the flow of the era

Affirming Việt Nam’s standing in the flow of the era

On the occasion of New Year 2025, State President Lương Cường gave an interview to the Vietnam News Agency (VNA).
Industrial Growth Projections for 2025

Industrial Growth Projections for 2025

The Ministry of Industry and Trade has set ambitious goals for 2025, targeting an industrial production index growth of approximately 9–10% compared to 2024
Mobile Version