MoF continues to improve mechanisms and policies in the field of Taxation and Customs
At the Business Dialogue Conference on tax and customs administrative policies and procedures in 2022 on November 22 in Hanoi, Deputy Minister Cao Anh Tuan said that tax and customs policies and administrative procedures are always the top concern of businesses. The Ministry of Finance, the General Department of Taxation, the General Department of Customs and other units have always paid attention to and actively support businesses and consider this an important part of bringing the policies to life.
Therefore, in addition to the issues and recommendations mentioned by enterprises at the conference, Deputy Minister Cao Anh Tuan expressed: "If there are still issues that are not clear, we suggest that businesses should directly or through the Vietnam Chamber of Commerce and Industry (VCCI) or business associations, send questions to the Ministry of Finance, General Department of Taxation, General Department of Customs for timely answers and guidance.
Many businesses have highly appreciated the efforts of the Ministry of Finance, the General Department of Taxation, and the General Department of Customs in supporting and accompanying them to remove difficulties and obstacles, especially during the Covid-19 pandemic.
Specifically, by organizing offline conferences, businesses have a chance to listen to and discuss with the management agencies new regulations in the field of concern to businesses. Thus, the exchange will help customs understand the concerns of businesses and offer appropriate solutions to facilitate production and business activities in Vietnam.
Deputy Minister of Finance Cao Anh Tuan speak at the conference. Photo: H.Nu |
According to Assoc.Prof.Dr. Le Xuan Truong, Dean of the Faculty of Taxation and Customs (Academy of Finance), states that policies and administrative procedures in tax and customs have positively impacted the production and business activities of entities in the economy. Specifically, the policy on extending the tax payment deadline supported financial resources and increased liquidity when businesses and business households faced difficulties due to the decline of goods and service consumption due to the impact of the Covid-19 pandemic.
Regarding tax policies to support business capital for enterprises, according to the Ministry of Finance, the tax exemption and reduction package in 2020 has supported businesses and business households VND 20,000 billion; in 2021, VND24,000 billion and in 2022, the VAT reduction package is expected to support about VND51,400 billion.
Assoc. Prof. Dr Le Xuan Truong said that although the amount of support for businesses and business households through tax exemption and reduction policies is not too large, it is for the most "vulnerable" subjects, creating momentum for economic growth. Therefore, from the beginning of 2022, the policy of VAT reduction from 10% to 8% has stimulated consumption demand, creating conditions to promote production and business development, thereby contributing to economic growth. In addition, due to the high increase in global petroleum prices in 2022, the policy of reducing green tax has contributed to reducing domestic petroleum prices, reducing input costs of production and business and reducing inflationary pressure, contributing to macroeconomic stability.
Remove shortcomings in financial mechanisms for education and training |
In addition to the solutions offered by the Government, the Prime Minister, ministries, central and local agencies and sectors, the Ministry of Finance expects businesses to take more initiative in taking advantage of opportunities to innovate and improve their competitiveness and development and strictly comply with the provisions of the law on tax and customs, contributing to realizing the common goal of socio-economic development of the country amid the current challenging context.
Related News
Lang Son Customs supports warehouse operators
09:00 | 17/04/2024 Customs
Ho Chi Minh City Customs: Rapidly handling more than 1,600 billion VND in bad debts
16:24 | 17/04/2024 Customs
Quang Tri builds a management process for imported coal transported by conveyor belts
09:11 | 11/04/2024 Customs
Export turnover across Hai Phong Customs increases by 19.5%
15:26 | 09/04/2024 Customs
Latest News
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Foreign investors net sell in Vietnamese market, banking sector attracts interest
16:13 | 17/04/2024 Finance
Banks record positive business indicators in Q1 2024
14:20 | 16/04/2024 Finance
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor
10:00 | 16/04/2024 Finance
More News
IASB recommends Vietnam prepare infrastructure to apply IFRS
09:57 | 16/04/2024 Finance
Strong decentralization for ministries, branches and localities to manage and use electricity projects
10:50 | 15/04/2024 Finance
The Tax sector’s revenue collection reached 33% of current appropriation
10:50 | 15/04/2024 Finance
Savings interest rates begin rising amid slowing bank deposits
17:58 | 14/04/2024 Finance
Ministry of Finance conducts general verification of public assets
17:07 | 14/04/2024 Finance
Removing bottlenecks to develop the green bond market
17:05 | 14/04/2024 Finance
Improving legal framework, ensuring accessibility to green bonds
15:42 | 13/04/2024 Finance
Foreign experts discuss ways to help Vietnam upgrade stock market
15:37 | 13/04/2024 Finance
Ambitious profit goals of banks
10:32 | 13/04/2024 Finance
Your care
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Foreign investors net sell in Vietnamese market, banking sector attracts interest
16:13 | 17/04/2024 Finance
Banks record positive business indicators in Q1 2024
14:20 | 16/04/2024 Finance
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor
10:00 | 16/04/2024 Finance
IASB recommends Vietnam prepare infrastructure to apply IFRS
09:57 | 16/04/2024 Finance