Deferred tax payments totaled VND nearly 106 trillion

VCN - In 2022, the Ministry of Finance has effectively implemented the socio-economic recovery and development program with the deferral of tax payment and tax exemption and a reduction of nearly VND200 trillion.
The case of deleting deferred payment The case of deleting deferred payment
Reduction of deferred tax payment to 0.03% per day Reduction of deferred tax payment to 0.03% per day
Determine offset for VAT refund Determine offset for VAT refund
In 2022, the Ministry of Finance has effectively implemented the socio-economic recovery and development program. Photo: Internet
In 2022, the Ministry of Finance has effectively implemented the socio-economic recovery and development program. Photo: Internet

Of which, the deferral of value-added tax, corporate income tax, personal income tax and land rent payment, according to Decree No. 34/2022/ND-CP is about VND96.3 trillion. The deferred amount of excise tax for domestically manufactured and assembled cars under Decree 32/2022/ND-CP dated May 21, 2022, was estimated at VND9.6 trillion

The total amount of tax exemption and reduction, fees and charges in 2022 was estimated at VND 50.2 trillion, equal to 78.4% of the expected amount (VND 64 trillion), specifically: Reducing the value-added tax rate from 10% to 8% for goods and services currently applying the 10% tax rate, except for some groups of goods and services as prescribed in Decree 15/2022/ND-CP about VND38.9 trillion.

The 50% registration fee reduction for cars, trailers or semi-trailers towed by cars and vehicles similar to domestically manufactured and assembled cars, according to Decree No. 103/2021/ND -CP, was VND 6.6 trillion.

The 50% reduction of the environmental protection tax for jet fuel, according to Resolution No. 13/2021/UBTVQH15 was VND 2.1 trillion. The reduction of import and export tax for many groups under Decree No. 101/2021/ND-CP was VND1.7 trillion.

In addition, the reduction of some fees and charges (from January 1, 2022, to June 30, 2022) to support and remove difficulties for those affected by the Covid-19 pandemic, according to Circular No. 120/2021/TT-BTC, was VND 900 billion.

The Government reduced land and water surface rents for those affected by the Covid-19 pandemic in 2022 VND 3.5 trillion.

Convenience in making online tax payments via eTax Mobile Convenience in making online tax payments via eTax Mobile

VCN - The eTax Mobile application not only benefits taxpayers but is an important solution in the ...

In addition to the support package of the Socio-Economic Development and Recovery Program, in the face of the sudden spike in gasoline and oil prices in the first months of 2022, to control inflation and reduce difficulties for the economy and stabilize people's lives, the Government has reported to the National Assembly Standing Committee to issue resolutions on reducing the green tax rate for gasoline, oil and grease with an expected about VND32,000 billion (Resolution No. 18/2022/UBTVQH15 dated March 23, 2022, about VND 24 trillion and Resolution No. 20/2022/UBTVQH15 dated July 7, 2022, about VND 8 trillion). As a result, the reduced tax amount under these policies in 2022 is estimated at VND3.7 trillion.

In addition to the above support package, in 2022, the state budget ensured social security and job support.

On the policy to support rent for employees according to the Prime Minister's Decision No. 08/2022/QD-TTg: The Ministry of Finance has proposed to the Government to submit to the National Assembly Standing Committee on adding VND 6.6 trillion from additional revenue and savings from central budget spending in 2021 to implement the policy of housing rental support for employees according to Resolution 43/2022/QH15 and Decision No. 08/2022 /QD-TTg of the Prime Minister (Resolution No. 521/NQ-UBTVQH15).

The Ministry of Finance has temporarily provided additional funding to 31 localities of more than VND4.3 trillion.

Regarding the increase of charter capital for the Bank for Agriculture and Rural Development, the Ministry of Finance has submitted to the Government to submit to the National Assembly, the National Assembly Standing Committee to issue a Decision on supplementing charter capital for the Bank for Agriculture and Rural Development VND6,753 billion in the state budget estimate in 2023.

By Thuy Linh/ Huyen Trang

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