Government pays special attention to taxes and fees for enterprises

VCN – At the Government’s regular press conference – August 2017 taken place on August 30, 2017, Minister, Chairman of Government’s Office Mai Tien Dung has reported the results of Government’s regular meeting – August 2017   
government pays special attention to taxes and fees for enterprises Customs will not collect public fees in border gate area
government pays special attention to taxes and fees for enterprises Maximum of 80,000 VND for certification of eligibility for import of discarded materials for production
government pays special attention to taxes and fees for enterprises Exemption from nationality fees, civil status fees, and residence registration fees
government pays special attention to taxes and fees for enterprises
Minister, Chairman of Government’s Office Mai Tien Dung stated at the press conference. Photo: H. Diu

Accordingly, Minister, Chairman of Government’s Office Mai Tien Dung stated that the socio-economic development in August 2017 made positive changes. The inflation continued to be controlled. Export turnover increased 18%, the index of industrial production in August 2017 was estimated at an increase of 8.4% (same period last year of 7.5%). Business and tourism were exciting.

However, Mr. Dung also frankly acknowledged that some shortcomings and weaknesses needed to be recovered such as the industry was being recovered but the index of industrial production (IIP) was still lower than previous years and the disbursement of public investment capital and product consumption of many enterprises still met difficulties and especially requirements for removing obstacles for business and production and improving business environment,

Therefore, Mr. Dung said that the Prime Minister has proposed the Government’s members to continue to remove obstacles and closely follow targets for commodities and services to achieve the growth target. In particular, the Prime Minister noted the administrative reform, the especially process of 2,000 sub-licenses.

In addition, the Government’s leader also realized that the burdens of taxes and fees on enterprises were still heavy, some fees such as BOT fee was high, toll plaza was located unreasonably, annoying people. According to the statistics, total transportation fees that enterprises have to pay were up to 70 types. The Prime Minister assigned the Ministry of Finance and the Ministry of Transportation to review the current regulations on BOT fee in order to find solutions and create conditions for the development of enterprises.

Furthermore, the cost of specialized inspection for imported-exported goods was still high and the proportion of shipments subject to specialized inspection was up to 30%. It was targeted to reduce the proportion to 15%, but some ministries and sectors still carried out slowly. Regulations on Customs procedures, VAT refund, time and expenses for social insurance are still are complicated.

Regarding the results of the implementation of the tasks assigned by the Government and the Prime Minister to ministries, agencies, localities, Mr. Mai Tien Dung stated that from the beginning of the year to August 29, 2017, the Government and Prime Minister have assigned 13,672 tasks to ministries, agencies, and localities. Among them, 7,455 tasks have been completed and 6,217 tasks have not been completed (including the 5996 tasks time limit and overdue 221 tasks - accounting for 2.8%, down 0.4% from the previous month).

Responding to a press’s question on that Mr. Trinh Vinh Binh, a Vietnamese Dutch who claim for damages for an allowance of US$ 1.25 billion at the international court, Minister, Chairman of the Government’s Office Mai Tien Dung said that the view of the Government and the Prime Minister is to create an equal and transparent business environment for both domestic and oversea enterprises.

government pays special attention to taxes and fees for enterprises The third Senior Officials' Meeting (SOM3) has openned in HCM City

VCN - The third senior officials’ meeting (SOM3) officially opened in Ho Chi Minh City and chaired ...

"Under the principles of protection, when there is a dispute on violations of the agreement between a locality and a foreign investor, the investor does not sue the locality but sue the government. Therefore, the case is being considered by the international court, so we also have to wait. But the view of Prime Minister is to create a transparent and trustful business environment for foreign investors” Mr. Dung noted.

By Huong Diu/ Huyen Trang

Related News

PM requests to continue improving efficiency of digital transformation in customs

PM requests to continue improving efficiency of digital transformation in customs

VCN - Prime Minister Pham Minh Chinh has just signed a document requesting ministries, central and local agencies to continue to improve the efficiency of digital transformation in the customs field.
The Government plans to borrow maximum of VND676,057 billion and repay debt of VND453,990 billion in 2024

The Government plans to borrow maximum of VND676,057 billion and repay debt of VND453,990 billion in 2024

VCN – The Loan and Public debt payment plan in 2024 and the 3-year public debt management program for 2024 - 2026 have been approved by Deputy Prime Minister Le Minh Khai in Decision No. 260/QD-TTg.
Personal Income Tax Law to be amended in 2025

Personal Income Tax Law to be amended in 2025

VCN - On March 29, answering questions from the press at the Ministry of Finance's regular press conference for the first quarter of 2024, the leader of the Department of Management and Supervision of Tax, Charges and Fees Policy (Ministry of Finance) said, continue to focus on drastically implementing solutions to support businesses that the National Assembly and the National Assembly Standing Committee have approved; At the same time, closely monitor the situation to research and advise competent authorities on appropriate solutions.
Good management of public debt creates room to implement expansionary fiscal policy

Good management of public debt creates room to implement expansionary fiscal policy

VCN - Public debt safety indicators continue to be strictly controlled in the safe limit. With a lower debt level than the current ceiling rate, and a favorable debt structure, Vietnam has a lot of room to implement expansionary fiscal policy to allocate loans for large projects as an economic growth engine.

Latest News

Six localities should expedite site clearance and public investment

Six localities should expedite site clearance and public investment

VCN – Six provinces of Binh Thuan, Gia Lai, Dong Nai, Binh Duong, Binh Phuoc and Tay Ninh have disbursement rates lower than the average rate of the country in the first three months of the year, the Ministry of Finance reports.
Banks announce plans to significantly increase capital

Banks announce plans to significantly increase capital

Many banks have recently announced plans to significantly increase charter capital to improve the capital adequacy ratio (CAR) and strengthen financial potential for credit and business expansion.
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam

Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam

VCN – On May 3, Minister of Finance Ho Duc Phoc had a reception with Mr. Yamada Takio, Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam before the end of his term.
Banks strengthen information security systems

Banks strengthen information security systems

Banks often face attacks from high-tech criminals to steal customer data to conduct property appropriation fraud. Therefore, banks must strengthen defence measures to ensure safety and security in their systems.

More News

“Opportune environment” for growth of insurance enterprises

“Opportune environment” for growth of insurance enterprises

VCN - According to the Ministry of Finance, in the first quarter of 2024, total assets of insurance enterprises are estimated to reach VND 934.8 trillion, an increase of 11%; Investment back into the economy is estimated at VND 7,776.5 trillion, an increase of 8.7%. These are positive numbers for insurance enterprises to expect positive business results for the whole year 2024.
Closely monitoring fluctuations to calculate the appropriate time to adjust prices

Closely monitoring fluctuations to calculate the appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management needs to ensure inflation control and continue to support the removal of difficulties for business.
Strictly monitor market fluctuations to appropriately adjust prices

Strictly monitor market fluctuations to appropriately adjust prices

VCN – In the second quarter and the remaining months of 2024, the price management and administrations need to effectively control inflation and remove difficulties for production and businesses, the Ministry of Finance reports.
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
How does the Land Development Fund work effectively?

How does the Land Development Fund work effectively?

VCN - Speaking at the Conference to collect opinions on the draft Government Decree regulating the Land Development Fund held by the Ministry of Finance on April 22, Deputy Minister of Finance Bui Van Khang emphasized the necessity of the development of the Government Decree regulating the Land Development Fund.
Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electronic invoices as well as pay taxes in gold investment activities.
SBV takes more actions to stabilise foreign exchange rates

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

VCN - The revised Draft Law on Value Added Tax (VAT), besides inheriting many provisions from the current Law, also revises and supplements several contents to suit the actual situation, including some notable contents in VAT refund.
Read More

Your care

Latest Most read
Six localities should expedite site clearance and public investment

Six localities should expedite site clearance and public investment

VCN – Six provinces of Binh Thuan, Gia Lai, Dong Nai, Binh Duong, Binh Phuoc and Tay Ninh have disbursement rates lower than the average rate of the country in the first three months of the year, the Ministry of Finance reports.
Banks announce plans to significantly increase capital

Banks announce plans to significantly increase capital

Many banks have recently announced plans to significantly increase charter capital to improve the capital adequacy ratio (CAR) and strengthen financial potential for credit and business expansion.
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam

Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam

VCN - In the financial sector, recently, Vietnam and Japan have effectively and closely cooperated in sectors such as ODA, tax, customs, securities and insurance.
Banks strengthen information security systems

Banks strengthen information security systems

Banks often face attacks from high-tech criminals to steal customer data to conduct property appropriation fraud. Therefore, banks must strengthen defence measures to ensure safety and security in their systems.
“Opportune environment” for growth of insurance enterprises

“Opportune environment” for growth of insurance enterprises

VCN - According to the Ministry of Finance, in the first quarter of 2024, total assets of insurance enterprises are estimated to reach VND 934.8 trillion, an increase of 11%; Investment back into the economy is estimated at VND 7,776.5 trillion, an increa
Mobile Version