Proposal on VAT reduction in electricity bills unreasonable

Proposal on VAT reduction in electricity bills unreasonable

VCN - At the question and answer session at the 36th Session of the National Assembly Standing Committee on August 21, 2024, the Minister of Finance and Minister of Industry and Trade clarified a number of important contents that the deputies concern rela
Proposing National Assembly to add more than VND2.5 trillion for recurrent spending estimates

Proposing National Assembly to add more than VND2.5 trillion for recurrent spending estimates

VCN - On October 17, 2023, the National Assembly (NA) Standing Committee considered adding the 2023 State budget recurrent spending estimates for ministries, central agencies, and localities. Vice Chairman of the National Assembly Nguyen Duc Hai chaired t
Customs in Dong Thap Province: Proposing solutions to resolve challenges in handling cases with criminal indications

Customs in Dong Thap Province: Proposing solutions to resolve challenges in handling cases with criminal indications

VCN - In practice, there are clear criminal violations that fall under the jurisdiction of customs authorities for prosecution, but the initiation of legal proceedings faces difficulties for various reasons. The Dong Thap Customs Department proposed that
MoF to report to competent authorities about proposal on land rent reduction

MoF to report to competent authorities about proposal on land rent reduction

VCN - The Ministry of Finance has responded to issues related to public property management such as the VCCI's proposal on land rent reduction in 2021 for those impacted by the Covid-19 pandemic and the status of management and use of State-owned housing
Proposal to abolish procedure for certifying origin declaration of imported vehicles

Proposal to abolish procedure for certifying origin declaration of imported vehicles

VCN –After an implementation period, the Ministry of Finance found that the origin declaration used to prove that vehicles have been cleared by Customs is not appreciated.
Propose to halt the establishment of new airlines: Leaving aside the “dream” of flying

Propose to halt the establishment of new airlines: Leaving aside the “dream” of flying

VCN- By the end of 2022, the total market is expected to reach 78 million passengers, equal to 74 percent of the forecast, of which Vietnamese airlines will transport more than 57 million passengers, 75 percent of the forecastreported.
About 1 million people won’t have to pay personal income tax

About 1 million people won’t have to pay personal income tax

VCN- After more than half a year of research, review, and consultation, the Ministry of Finance's proposal on raising family circumstance-based reduction upon personal income tax (PIT) calculation submitted to the Government to submit to the National Asse
Proposal on allowing customs agency to prosecute crime of "tax evasion"

Proposal on allowing customs agency to prosecute crime of "tax evasion"

VCN - This is a proposal newly raised by Hai Phong Customs Department regarding the enforcement of the Criminal Procedure Code and the Law on Organization of Criminal Investigation Bodies.
Proposal to include securities on list of essential services

Proposal to include securities on list of essential services

VCN - The State Securities Commission has proposed municipal and provincial People's Committee to include the securities industry on the list of "essential services".
Proposal on high taxes to limit the use of nylon bags

Proposal on high taxes to limit the use of nylon bags

VCN - The Customs and Ho Chi Minh City Tax Agency have proposed that the Law on Environmental Protection Tax should be reviewed to consider increasing the tax on nylon bags.
Ministry of Finance’s proposal on tax reduction included in the program to consult the Standing Committee of the National Assembly

Ministry of Finance’s proposal on tax reduction included in the program to consult the Standing Committee of the National Assembly

VCN - The application of preferential policies for small and micro enterprises is to effectively promote the supporting policies and avoid spreading incentives
Proposal to bring a household business into a business type: Should it or not?

Proposal to bring a household business into a business type: Should it or not?

VCN - To ensure that all business people have freedom and equality, experts agree that there should be a legal basis for business households.
Experts view: Proposal to increase the environmental protection tax is reasonable

Experts view: Proposal to increase the environmental protection tax is reasonable

VCN- The Ministry of Finance has officially collected comments on the draft resolution on environmental protection tax with a lot of changes in tax rate of commodities, notably petroleum. This is an issue of major concern. The Customs News reporter has ha
“Arguing” about Circular No.20 administrative procedures or business investment conditions

“Arguing” about Circular No.20 administrative procedures or business investment conditions

VCN- Specifically, based on the List of conditional business lines provided in Appendix 4 of the Law on Investment No.67/2014/QH-2013 dated 26-11-2014 the import of cars of 9 seats or less is not in this list.
Establish a "super committee" managing capital of SOEs: Needs to be considered thoroughly

Establish a "super committee" managing capital of SOEs: Needs to be considered thoroughly

VCN- Does this model has really fit and meet the requirements of objectives above?
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