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Vietnam: Finance Ministry Steps Up Customs, Tax Reforms
Source: vietnamnews.vn
Source Date: Tuesday, November 29, 2016
Focus: Institution and HR Management
Country: Viet Nam
Created: Nov 29, 2016

The deputy minister of finance urged the general departments of customs and taxation to further administrative reform efforts to facilitate businesses, which still have several questions about tax and customs procedures.

“The Ministry of Finance is committed to hasten reforms of tax and customs policies aimed at creating the best business environment,” Vũ Thị Mai said at the dialogue held by the ministry and the Việt Nam Chamber of Commerce and Industry (VCCI) yesterday in Hà Nội.

The dialogue drew the participation of more than 400 companies and industry associations.

Mai said the ministries welcomed all comments from businesses which would contribute significantly to improve policies.

During the past five years, the finance ministry has broadened dialogues with businesses, aimed at providing them with updates to address their difficulties.

According to VCCI’s Deputy Chairman Hoàng Quang Phòng, slow tax settlement and slow customs clearance were among the problems that businesses faced.

Phòng said dialogue and training of the updates to policies must be promoted in addition to transparency in tax and customs procedures.

Cao Anh Tuấn, deputy director of the General Department of Taxation, said tax policies had been amended to ensure they were appropriate with the global integration trend and the country’s economic development, and would contribute to removing difficulties for taxpayers, coupled with efforts for simplifying tax procedures.

Accordingly, tax procedures had already been reduced from 385 to 300. E-tax declaration and payment were applied nationwide, which helped cut tax payment time from 537 hours in 2013 to current 117 hours. In addition, online tax refund was under the pilot phase and would soon be applied widely.

Vũ Ngọc Anh, deputy director of the General Department of Customs, said customs reforms were made towards facilitating import and export, implementing a national single window and improving transparency.

At the dialogue, tax and customs official answered questions of businesses, related to special consumption tax, tax policies on automobiles and regulations on temporary import.

According to Mai, the Ministry of Finance will work closely with relevant ministries and organisations to implement measures to support businesses.

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