Proposing to postpone about 135,000 billion VND of tax and land rent

The effects of the COVID-19 epidemic and the Russia-Ukraine conflict have pushed up world commodity prices, indirectly affecting the economies of countries.

To support inflation control and stabilize the domestic economy, the Ministry of Finance said the Government directed to continue closely monitoring market developments of each item, especially essential goods and services. have a large impact on goods, from which to have appropriate price management plans and solutions to control inflation from now until the end of the year.

According to the Ministry of Finance, preliminary statistics show that the increase in world gasoline price in the last period was from 39 to 51% depending on the type, the price control target, the domestic gasoline price is controlled to increase much lower than the domestic gasoline price. world, at 20 – 42% depending on the type.

“If the tax policy on environmental protection for gasoline is not promptly implemented, the increase will be very high in the operating period on April 1. However, due to timely adjustment of tax policy, the domestic gasoline price has dropped. cool down and contribute to the common work”, said Mr. Dang Cong Khoi, Deputy Director of the Price Management Department, Ministry of Finance.

“In the first quarter of this year, the Government has strongly directed ministries and branches to use solutions to stabilize prices. The first is to reduce VAT on some groups of goods and services from 10% to 10%. 8% from February 1, 2022; 50% reduction of environmental protection tax on jet fuel; reduction of 37 fees and charges in the first 6 months of 2022. Those are positive impact policies. in controlling CPI”, said Ms. Nguyen Thu Oanh, Director of the Price Statistics Department, General Statistics Office.

According to experts, to control CPI each quarter, the Government will implement different solutions. The second quarter is interested in electricity and petrol prices. Q3 is restaurant prices; educational and medical services; prices of raw materials, fuel, materials… Quarter 4 is the time to complete the annual economic and production goals, and to synthesize solutions to control prices of commodities.

“Controlling inflation at the target level, its meaning is very important. Well controlled inflation maintains a stable macro environment, secondly, it creates more jobs, thereby increasing people’s incomes. , stabilizing, promoting spending not only in consumption but also in real estate shopping. When inflation is well controlled, it will create confidence for foreign investment”, said Mr. Nguyen Bich Lam, former General Director of the General Department of Statistics. statements, comments.

In order to support production and business activities to recover and develop, the Ministry of Finance is expected to submit to the Government to postpone the collection of some taxes and land rents with an estimated value of about VND 135,000 billion. book about 3-9 months. This policy will create conditions for businesses to reduce borrowing costs, as if it was the State’s 0% interest rate support for business people.

According to Trinh Huyen

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