Comments on 3 draft laws in the field of tax

(Baonghean.vn) - On the afternoon of February 25, the National Assembly delegation held a conference to collect comments on the draft Law amending and supplementing a number of articles of the Law on VAT, the Law on Special Consumption Tax and the Law on Tax Administration. Comrade Pham Van Tan, Head of the National Assembly delegation, chaired the meeting.

In fact, the three draft laws above have been passed by the National Assembly over the past year. However, during the implementation process, it has been shown that many contents in the tax laws are unreasonable and no longer appropriate. Therefore, it is necessary to amend and supplement a number of articles of the Law on Value Added Tax, the Law on Special Consumption Tax and the Law on Tax Administration.

Overview of the conference.

At the conference, delegates basically agreed that the contents of the draft Law ensured generality and were consistent with the practical requirements of economic development in the current period.

However, many delegates contributed opinions on issues related to late tax payment, tax refund, tax exemption... According to delegates, regarding the rate of late payment, the late payment penalty of 0.05%/day (equivalent to about 18.25%/year) according to current regulations is too high, causing difficulties for businesses, so the late tax payment penalty should be adjusted down from 0.05%/day to 0.04%/day.

In addition, tax collection should be exempted for households with non-agricultural land use tax of 50,000 VND or less. At the same time, tax refunds should be made first and inspections should be carried out for taxpayers, except for the case of goods exported across land borders.

Representatives of Vinh City Tax Department proposed to implement tax refund first, then check for taxpayers, except for the case of goods exported across land borders.

However, to ensure feasibility, some delegates suggested that the draft Law amending and supplementing a number of articles of the Law on Value Added Tax should clarify the phrase "energy cost level from 51% of product cost or more" stated in Clause 23, Article 1. It is necessary to have specific and clear regulations on value added tax refunds for business establishments that do not contribute enough charter capital as registered for business according to the provisions of the Investment Law...

Concluding the conference, Mr. Pham Van Tan, Head of the Provincial National Assembly Delegation, highly appreciated the delegates' contributions to the draft Law; the contributions were received, synthesized, and submitted to the National Assembly for study and consideration at the upcoming session.

Pham Bang