3 years since the Covid-19 pandemic appeared, a series of fiscal policies have been introduced to support businesses and people. Simultaneously, the Ministry of Finance also quickly brought the policy to life with the highest determination.
Talking numbers”
The Covid-19 epidemic that occurred in early 2020 has so far negatively affected the production and business activities of businesses and people’s lives. In that context, the Ministry of Finance has actively researched, proposed and submitted to the competent authorities as well as promulgated according to its competence solutions on extending taxes (Value Added Tax, Corporate Income Tax). , personal income tax, excise tax) and land rent; exemption and reduction of taxes, fees, charges and land rent to support businesses and people affected by the Covid-19 epidemic.
Looking back at 2020, the total scale of support solutions is about VND 129 trillion, of which the amount of tax and land rent is extended about VND 97.5 trillion; the amount of tax, fee, fee and land rent is exempted or reduced by more than 31.5 trillion VND. In 2021, in the face of very complicated developments of the Covid-19 epidemic, support solutions will continue to be deployed at a higher level in both content and value with a total scale of about 145 trillion VND, of which , the amount of tax, fee, fee and land rent is exempted or reduced by about VND 25 trillion; the amount of tax and land rent is extended about 120 trillion dong.
In 2022, it is forecasted that there will still be many difficulties and challenges due to the impact of the Covid-19 epidemic and will have a great impact on the economic recovery and development of businesses, people and the economy. have timely support policies for businesses, people and the economy to recover and grow soon as well as overcome the impacts on the state budget, financial market, currency, labor and employment In that context, the Ministry of Finance has submitted to competent authorities or promulgated many policies according to its authority, such as: 50% reduction of registration fees for domestically manufactured and assembled automobiles, it is expected that businesses and people will be able to reduce this obligation by about VND 7.3 trillion; adjust and reduce import tax rates for many groups of goods to promote production and export activities of enterprises with the amount of about 1.9 trillion dong; reduced the collection of 37 fees and charges with the reduced amount of about 900 billion VND.
In addition, the Ministry of Finance has submitted to the Government an extension of the deadline for paying excise tax on domestically manufactured or assembled automobiles; reduce the payable land rent of 2022; reduce from 50%-70% of the environmental protection tax rate for gasoline, oil, grease, the amount of revenue reduction is about 24 trillion VND… It is expected that the above solutions in 2022 will support for businesses and people with the value of taxes, land rents, fees and charges is about 225.5 trillion VND. This is a relatively comprehensive program, helping people, businesses and business households reduce costs, have more resources to maintain, restore and develop production and business, creating a boost for economic development.
Notably, in the face of the recent increase in world gasoline prices, it has had a significant impact on the activities of businesses and people’s lives, affecting the recovery and socio-economic development. , the Ministry of Finance has submitted to the Government to submit to the National Assembly Standing Committee for promulgation Resolution No. 18/2022/UBTVQH15 dated March 23, 2022 to reduce 50% of the environmental protection tax rate for gasoline, oil, grease and reduce 70% of the environmental protection tax rate for kerosene from April 1, 2022 to the end of December 31, 2022. In order to continue to contribute to stabilizing domestic gasoline prices in the context of world gasoline prices continuing to rise, on July 6, 2022, the National Assembly Standing Committee approved Resolution No. 20/2022/UBTVQH15 continue to reduce the environmental protection tax rate for gasoline, oil and grease products to the floor level in the tax bracket specified in the Law on Environmental Protection Tax No. 57/2010.QH12 from July 11, 2022 to ends on December 31, 2022. It is expected that the reduction in state budget revenue from the reduction of environmental protection tax under Resolution No. 18/2022/UBTVQH15 and Resolution No. 20/2022/UBTVQH 15 is about VND 32 trillion.
At the same time, the Ministry of Finance also submitted to the Government for promulgation Decree No. 51/2022/ND-CP dated August 8, 2022, adjusting the reduction of preferential import tax rates for gasoline from 20% to 10% in order to diversifying supply, contributing to stabilizing the domestic market.
In particular, policies to reduce the value-added tax rate of 2% are applicable to many goods and services subject to the 10% tax rate and to reduce the environmental protection tax for existing gasoline and oil products. double effect”, both helping to reduce the cost of goods and services, promoting production and business, and creating more jobs for workers, while contributing to controlling inflation, stabilizing the macro-economy and preserving the economy. ensure social security in the context of inflationary pressure and high costs.
“Told to do”
It can be said that the amount of money to support businesses and people has increased sharply over the years, and by 2022 is a very large number, requiring the strong participation of the entire financial industry so that policies can soon be implemented. to life. Many economic experts agree that solutions on taxes, fees and charges have directly come to life. Businesses as well as people benefit directly, helping to reduce difficulties in the process of production and business recovery. This clearly shows the point that Finance Minister Ho Duc Phuc once affirmed when talking about solutions to support people and businesses during the past time, which is “not empty promises and said to do”, especially. is in the context of declining revenue but still having to meet spending needs, especially spending on social security, spending on disease prevention, etc. The Ministry of Finance always determines to accompany and stand with businesses.
Through support solutions for the business community to safely overcome difficulties, soon restore and develop production and business activities, thereby contributing back to the economy, the budget, nurturing stable and long-term income.
According to the Ministry of Finance, in the coming time, the Ministry will continue to implement drastically and effectively support solutions on taxes, fees, fees and land rent that have been issued by competent authorities for 2022 to implement. implementation of the Socio-Economic Development and Recovery Program. At the same time, focus on researching, completing and submitting to competent authorities for decision to soon implement solutions to reduce land rent in 2022 for businesses and organizations; continue to coordinate with ministries, branches and associations to review and submit to the Government for adjustment of import and export tax rates for input materials for production in order to support domestic production and business…
In the long term, thoroughly grasping the guidelines and orientations set out in the Resolutions of the Party and the National Assembly, the Ministry of Finance will continue to study and advise the competent authorities to synchronously improve the political system. tax policy in line with the standards of a good tax system in accordance with international practices, meeting the resource requirements to implement the 10-year socio-economic development strategy 2021-2030, towards a tax system synchronously, with a sustainable structure, ensuring reasonable mobilization of resources for the state budget, and at the same time, contributing to creating a favorable and fair investment and business environment, encouraging investment, promoting competition. Competitive income, reasonable income regulation, suitable to the process of integration and sustainable development of the economy.
| Mr. Dao Trong Khoa, Standing Vice Chairman of Vietnam Association of Logistics Service Enterprises:
Enterprises highly appreciate the Government’s implementation of exemption, reduction and extension of many taxes, fees, and cost reductions over the past time. Tax cuts help businesses a lot, helping them to develop better, especially in the post-Covid-19 period. These are very meaningful solutions for businesses, instead of paying taxes to the State, they spend resources to invest in production and business, promoting recovery and growth. |
According to Customs Newspaper
