On the morning of July 15 in Hanoi, the Ministry of Finance organized a Conference summarizing the State Finance and Budget work in the first 6 months of 2024 in an online form.
Tax and fee exemptions and reductions reached 47,300 billion VND
Evaluating the implementation results of the first 6 months of the year, the Ministry of Finance said that the implementation of the tax, fee and fee exemption and reduction policy reached about 47,300 billion VND. This includes VND 8,500 billion in revenue reduction according to policies issued in 2023, reducing state budget revenue in 2024.
The total number of policies submitted to the Government for issuance and issuance according to authority of policies to reduce and extend taxes, fees, charges and land rents for businesses and people is about 184,860 billion VND. VND (including: tax, fee and charge reduction of about VND 92,300 billion; tax and land rent extension of about VND 92,560 billion).
According to the assessment, policies to reduce value-added tax applied to many goods and services subject to a tax rate of 10% and reduce environmental protection taxes on gasoline, oil, and lubricants have been implemented. dual effect", helping to reduce the cost of goods and services, thereby promoting production and business and creating more jobs for workers, while contributing to controlling inflation and stabilizing the macro economy. model and ensure social security.
The promulgation and implementation of the above solutions have also received the agreement, support and appreciation of the business community and people; contributing to supporting businesses and people to overcome difficulties, stabilize production and business activities to contribute to positive results in socio-economic development.
It is expected to reduce more than 30,000 billion VND in taxes, fees and charges in the last 6 months of the year
In the last 6 months of 2024, it is forecast that the world situation will continue to become complicated and unpredictable, geopolitical tensions will escalate, and economic growth will not be stable. Our country continues to face difficulties and challenges due to the impact and influence of adverse external factors.
In the coming time, along with the drastic and effective implementation of tasks and support solutions that have been issued, the Ministry of Finance said that the unit has been proactively and coordinated with relevant agencies. Submit to competent authorities to extend the value-added tax reduction policy until the end of 2024; continue to review export tax and import tax rates to support domestic production and business; Study the reduction of registration fees, land rent and a number of other fees and charges.
In case the above additional solutions are implemented, the amount of taxes, fees and charges will be reduced by more than 30,000 billion VND.
