treat and remove obstacles related to taxes and streamline tax payment
procedures.
The new tax mechanism under the
General Taxation Department benefits 405 out of 500,000 enterprises
operational across the country. Of them 80 percent are corporations
either owned by the State or with the State as a major shareholder,
including groups and corporations in key industries such as oil and gas,
electricity, mining, post and telecommunications and banking.
In the first step, the General Taxation Department is to issue
digital identities for the target population to allow tax forms to be
completed online.
Deputy Minister of Finance Do
Hoang Anh Tuan explained that it was a necessary step, as these
enterprises play a very important role in socio-political and economic
development, paying up to 70 percent of gross tax revenues.
Dam Thi Huyen, Deputy General Director of Petrolimex, which now runs
hundreds of branches and member companies across the country, lauded the
move as “an important step” to help solve overlapping enterprise
guidelines, management and inspection work.
The
Vietnam Chamber of Commerce and Industry (VCCI) said it will submit to
the Government a proposal on a number of special mechanisms and policies
in favour of major enterprises, not limited to taxes and customs
procedures./.
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