Develop a roadmap to adjust tax increases for tobacco, beer and alcohol
In particular, regarding the goal of tax policy reform, synchronously perfecting Vietnam’s tax policy system in line with the standards of a good tax system in accordance with international practices. At the same time, meet the resource requirements to implement the 10-year socio-economic development strategy for 2021 – 2030, including the following main taxes, fees and charges: Value added tax; excise tax; export tax, import tax; Corporate income tax; personal income tax; resource tax; agricultural land use tax; non-agricultural land use tax; environmental Protection tax; fees, charges and other revenues belonging to the state budget.
Regarding the size of budget revenue from taxes and fees, ensure to maintain the ratio of mobilization to the state budget from taxes and fees at a stable, reasonable level and in line with the socio-economic development strategy in each period. in the five-year period 2021 – 2025 and 2026 – 2030. In the first phase, focus on supporting businesses and people to overcome difficulties and restore production and business due to the negative impact of the COVID-19 epidemic.
Value Added Tax: Moving to a Basic Tax Rate
One of the solutions to implement the Strategy is tax policy reform.
Specifically, for value-added tax, it will expand the tax base by reducing the group of goods and services that are not subject to value-added tax and the group of goods and services subject to the 5% tax rate; proceed to basically apply one tax rate; research to increase the value added tax rate according to the roadmap; review and adjust the revenue threshold applying the deduction method to suit reality; research and uniformly apply the tax calculation method as a percentage of revenue for taxpayers whose turnover is below the threshold or are not eligible to apply the deduction method.
Moving towards basically applying a single tax rate with value added tax is one of the goals of the tax system reform strategy by 2030.
In addition, perfecting regulations related to value-added tax on exported goods and services, ensuring that they reflect the true nature and international practices.
Develop a roadmap to adjust tax increases for tobacco, beer and alcohol
For special consumption tax, according to the Strategy, a roadmap for adjusting tax increases for tobacco, beer and alcohol products will be developed to limit production, consumption and fulfill international commitments; review and adjust excise tax rates on some items to suit socio-economic conditions in the 2021 – 2030 period. Research on applying a combination of proportional tax rates and absolute tax rates to Some goods and services are subject to excise tax.
Develop a roadmap to adjust tax increases for tobacco, beer and alcohol products (Illustration image)
For export tax and import tax, continue to reduce the number of tax rates to simplify the import tariff, strive to reduce the number of import tax rates by 2025 from 32 at present to about 25. levels by 2025 and 20 levels by 2030.
Along with that, it is studying to amend and supplement the export tax and import tax policies to promote exports, encourage the increase of domestic value, and limit the export of raw resources and minerals. Having appropriate preferential policies to promote the development of spearhead industries, supporting industries and priority fields, ensuring compliance with the country’s socio-economic development orientations in each period. period and international commitments.
Corporate income tax incentives for small and micro businesses
For corporate income tax, according to the Strategy, a review will be carried out to amend or abolish tax exemption and reduction incentives that are no longer suitable with development requirements and international integration requirements. Minimize the integration of social policies with tax exemption and reduction policies, ensure tax neutrality for stable application in the medium and long term. Implement corporate income tax incentives for small and micro enterprises…
Implement corporate income tax incentives for small and super enterprises in the Tax System Reform Strategy to 2030
For personal income tax, additionally review taxable objects; research, amend and supplement in the direction of adjusting the amount and tax rates suitable to taxable income in accordance with the nature of each type of income…
For royalties, research on amending regulations, taxable prices, and taxable resource outputs. Modifying the tax framework, tax rates and exempting and reducing natural resources tax towards transparency and clarity, ensuring that the resource tax policy continues to be an effective tool to contribute to the management and protection of natural resources, and to encourage the use of natural resources. economical and efficient use of resources, encouraging deep processing, and enhancing the value of resources.
Research to increase the regulation level for land and supplement tax collection for houses
For property-related taxes (including agricultural land use tax and non-agricultural land use tax), continue to implement agricultural land use tax exemption until the end of 2025 to contribute to the implementation policies and views of the Party and State on agricultural and rural development.
Summarize and evaluate the overall implementation of the non-agricultural land use tax policy. On that basis, complete research in the direction of increasing the regulation level for land and supplementing tax collection for houses in order to encourage effective use of houses and land, contributing to limiting speculation on houses and land.
As for the environmental protection tax, research on expanding the subjects subject to the environmental protection tax for goods causing environmental pollution; research to adjust the environmental protection tax framework and rates to ensure that the environmental protection tax policy is an important economic tool that contributes to limiting the import, production and use of goods polluting the environment. school.
With regard to fees and charges and other state budget revenues, review and perfect the legal system of fees and charges in the direction of effectively exploiting the sources of fees and charges from properties and resources, protecting the environment. school; implementing a roadmap to increase the toll level in order to gradually calculate the full cost in the toll level…
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