Ho Chi Minh City Tax Department: The implementation of VAT reduction has been smoother

The tax sector also has solutions to remove obstacles for businesses and people, so that both consumers and businesses share benefits.

With more than 20,000 products such as dry food, beverage, dairy, confectionery, fashion, household goods, etc., one business said, the VAT reduction from 10% to 8% has helped improve purchasing power, people are also willing to spend more.

After nearly 2 months of implementation, the application of tax reduction policy at manufacturing enterprises has also come into play. This work is carried out synchronously from suppliers to distributors, under specific instructions from tax authorities.

People buy goods at a supermarket. (Photo: PLO)

Not only strengthening propaganda and dissemination to help businesses and people understand the policies to properly implement, the Tax Department of Ho Chi Minh City also opens an online information channel for people and businesses if they have problems, agencies tax can be supported immediately.

Mr. Nguyen Tien Dung, Deputy Director of the Ho Chi Minh City Tax Department said: “As soon as Resolution 43 of the National Assembly was issued, we also posted it on the website and fanpage of the Tax Department. I also promptly deployed and developed clips to specifically guide how to look up tax-reduced and non-reduced lists. Taxpayers’ problems were answered in a timely manner. Of course, there were obstacles. If the problem is bigger, we will gather and report to the General Department of Taxation for guidance for people.”

It is expected that the policy will decrease v.a.t tax will reduce this year’s State budget revenue by nearly VND 50,000 billion. However, after 2 months of implementation, it can be seen that this support has had the effect of stimulating consumption and investment, contributing to economic recovery after the epidemic and contributing to social security. .

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