Proposal to exempt and reduce income tax for technology experts

CAO NGUYÊN |

Commenting on the draft Law on Digital Technology, National Assembly deputies have proposed a number of incentives to train and attract human resources for the digital technology industry.

On March 25, full-time National Assembly deputies gave their opinions on the draft Law on Digital Technology.

Giving his opinion on the discussion, National Assembly delegate Pham Trong Nghia (Lang Son delegation) said that the bill has provided a number of incentives to train and attract human resources for the digital technology industry through policies such as scholarship support; attracting foreign experts; and promoting talents.

However, according to delegate Pham Trong Nghia, to attract international talent and avoid bleeding domestic talent, preferential policies must be outstanding and specific, especially as determined in Resolution 57 of the Politburo. At the same time, it must be competitive enough with other countries.

Regarding this content, National Assembly Delegate Tran Van Khai (Ha Nam delegation) commented that the draft law has stipulated a policy to attract and promote digital technology talents, but "in general, it has not specified outstanding incentives".

According to this delegate, the draft law does not have any provisions on exemption or reduction of personal income tax for high-tech experts, or facilitate long-term residence procedures for foreign experts.

The draft law also lacks policies to attract good students to strategic technology industries.

These limitations make it difficult for us to compete to attract gray matter, and high-quality human resources continue to be lacking, said delegate Tran Van Khai.

From there, this delegate proposed to add breakthrough talent policies such as exemption and reduction of income tax for technology experts; simplifying accommodation procedures for foreign experts and increasing support for training digital technology talents.

The above solutions, according to delegate Tran Van Khai, will institutionalize the orientation of Resolution 57, creating advantages for Vietnam in competing for high-quality human resources.

In addition, this draft law has made progress with the regulation of a testing mechanism. However, according to delegate Khai, the scope of testing is still too narrow, lacking many innovations.

In addition, the draft law also lists many prohibited acts very generally and sets out a number of additional business conditions.

With such a cautious management method, this delegate said that it would deter innovation, making businesses afraid to experiment with new technology in Vietnam.

From the above analysis, this delegate proposed expanding the testing scope to all new digital technology products and services that have not been regulated by law; simplifying testing approval procedures; removing prohibited regulations and conditions that are not really necessary.

"It is necessary to temporarily empower the Government to allow the pilotation of new technologies and models without an adjustment law (report to the National Assembly later) to promptly seize development opportunities" - delegate Tran Van Khai commented.

CAO NGUYÊN
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