Draft Law on Tax Administration has approached international practices
Draft Law on Tax Administration (amended) must ensure consistency with relevant laws | |
The draft Law on Tax Administration (revised) further clarifies the tax consulting organization |
The revised Tax Administration Law will overcome problems arising in the implementation of the Law on Tax Administration over the past time Photo: Thuy Linh. |
According to the Ministry of Finance, the Law on Tax Administration took effect on 1st January 2017 and was amended and supplemented three times. After 10 years of implementation, the Law on Tax Administration achieved important results but showed limitations and inadequacies. In particular, the Ministry of Finance emphasized that international economic integration required further strengthening and improving the legal basis as well as enhancing international cooperation and tax administration.
In recent years, Vietnam has signed many international treaties, multilateral and bilateral agreements. To this date, Vietnam has signed Double Taxation Avoidance Agreements with 76 countries and territories. However, many points stipulated in the Law on Tax Administration are no longer appropriate with international standards on tax administration for multilateral Tax Agreement and appropriate points have been included in the Law.
In addition, the Law has not created sufficient legal conditions for the modernization of tax administration, and first of all is the wide implementation and dissemination of e-tax administration procedures in the context of strong development of e-commerce and the increasing popularity of non-cash payment and the strong movement toward the fourth industrial revolution.
According to the Ministry of Finance, the administrative reform in state management activities including reform of tax administration procedures has been carried out and achieved positive results. The reform of tax administration procedures over the past time has brought positive effects to the economy, contributed to reducing time and costs, increasing the competitiveness of enterprises, and attracting foreign investors to Vietnam. These results must be strengthened and developed by law. Therefore, the revised Tax Administration Law aims to address this important objective.
With the revised draft Law on Tax Administration, the amendments and supplementations have ensured the objectives: completing provision on tax administration in the direction of covering all revenues, expanding the collection establishments; raising the capacity and efficiency of tax administration activity to prevent and combat tax evasion, revenue losses and tax debts; strengthening the coordination among State agencies and organizations and individuals related to Tax Agency in the implementation of tax law and tax administration.
The contents and provisions will be renovated towards increasing the regulations to reform administration procedures, reform tax administration procedures in a simple, clear, open, convenient and uniform manner; E-tax administration, tax administration in a risk-based manner and protection of taxpayers' interests in order to facilitate taxpayers to abide by tax law and voluntarily pay tax to the state budget in a timely fashion.
A representative from the General Department of Taxation affirmed that the amendments and supplements to the above provisions aimed to contribute to the international integration strategy set by the Party and the State and comply with international standards on tax and prepare legal basis for integration in the coming period.
Comments on the Law on Tax Administration (revised): measures to enforce and remove tax debts need to be further specified VCN- Commenting on the Draft Law on Tax Administration (revised), municipal and provincial Customs units have detailed ... |
The revised Law on Tax Administration will overcome difficulties arising in the implementation of Law on Tax Administration over the past time and remove inadequacies and overlaps in the legal system of tax administration and ensure the consistency with relevant laws; and ensure the feasibility, transparency and convenience for implementing organizations.
Mr. Cao Anh Tuan, Deputy General Director of Taxation: After the preparation and comments, the draft law will greatly amend the regulations on tax administration principles dossiers and procedures (tax declaration, calculation, payment and refund); electronic transactions in the tax field; and tax agents. These regulations will have a comprehensive impact and great effect on the tax-related activities of enterprises in all sectors. |
Related News
State budget revenue estimated at VND733.4 trillion
14:40 | 06/05/2024 Finance
Proposal to continue reducing VAT by 2% in the last 6 months of 2024
10:35 | 05/05/2024 Regulations
The Tax sector’s revenue collection reached 33% of current appropriation
10:50 | 15/04/2024 Finance
GDVC assigns minimum targets for overdue tax debt collection and settlement in 2024 to customs departments
08:02 | 03/04/2024 Customs
Latest News
Risk prevention solutions for export processing and production enterprises
09:12 | 07/05/2024 Regulations
Conditions for price reduction of imported goods
15:38 | 06/05/2024 Regulations
Circular 83/2014/TT-BTC will be abolished from June 8
14:29 | 06/05/2024 Regulations
Seafood exporters are worried about some inadequacies from the two new decrees
06:47 | 30/04/2024 Regulations
More News
Risk prevention solutions for processing and export manufacturing businesses
07:52 | 29/04/2024 Regulations
Reporting to the National Assembly for considering VAT reduction in the second half of 2024
17:09 | 14/04/2024 Regulations
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials
10:33 | 13/04/2024 Regulations
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff
09:09 | 11/04/2024 Regulations
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations
09:31 | 10/04/2024 Regulations
Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th
20:09 | 07/04/2024 Regulations
Improving the customs legal system to be modern, synchronous, unified and transparent
10:33 | 07/04/2024 Regulations
New points about rules of origin in AKFTA
08:05 | 03/04/2024 Regulations
It is necessary to build a national database on cross-border trade and transport
15:23 | 29/03/2024 Regulations
Your care
Risk prevention solutions for export processing and production enterprises
09:12 | 07/05/2024 Regulations
Conditions for price reduction of imported goods
15:38 | 06/05/2024 Regulations
Circular 83/2014/TT-BTC will be abolished from June 8
14:29 | 06/05/2024 Regulations
Proposal to continue reducing VAT by 2% in the last 6 months of 2024
10:35 | 05/05/2024 Regulations
Seafood exporters are worried about some inadequacies from the two new decrees
06:47 | 30/04/2024 Regulations