On the morning of November 22, the National Assembly discussed in groups the draft Law on Corporate Income Tax (amended) and the draft Law on Special Consumption Tax (amended).
Speaking, delegate Truong Trong Nghia (HCMC delegation) agreed that there should be preferential tax rates for the cultural and press sectors. However, the delegate suggested that there should be classification and not widespread incentives.
Delegates gave examples and asked whether there should be tax incentives for beauty pageants. Many people say that Vietnam has the second largest number of beauty pageants in the world. Or like youth music performances with 10,000 participants, the band Blackpink came to Vietnam to perform and sold tickets for several million VND.
Citing such evidence, the delegate suggested not to lump these types into culture, but to classify them clearly. Or like games are also a form of entertainment, a very profitable business, with both advantages and disadvantages.
The latest decree stipulates that people under 18 years old cannot play games for more than 180 minutes per day. Therefore, delegates suggested that games should also be controlled by taxes and classified as educational in nature, and games should be included in special consumption tax.
Regarding the chip industry, delegates agreed that tax incentives are needed. However, this is a very profitable industry, so it is necessary to study the combination of tax rates and other incentives.
Vietnamese startups or foreign investors in chips need to attract them. When this industry develops, it is a very high source of income, so more calculations are needed.
According to the delegate, when receiving charity donations, taxes are levied. When businesses spend on charity, they are not taxed.
Delegate Tran Hoang Ngan (HCMC Delegation) supports increasing tax rates on tobacco and alcohol. However, increasing tax on beer needs to be considered.
According to the delegate, the alcohol and beer industry must ensure harmony between increasing state budget revenue and nurturing budget revenue sources and ensuring the obligations and rights of the people, ensuring jobs and economic growth.
Recently, our country's production and business sectors have been under great pressure, especially the challenges and difficulties caused by the COVID-19 pandemic. Looking back, before the pandemic, the number of tourists was very large. After the pandemic, the number of tourists decreased, greatly affecting service business activities.
The delegate also pointed out that since the decrees on administrative sanctions against people who drink alcohol have been issued, it has had a great impact in protecting people's health and lives. However, this has also had certain impacts on some business sectors, night-time economy, and food and beverage in some cities. This needs further consideration.
Therefore, delegates believe that the roadmap needs to be considered carefully to avoid creating shocks and affecting the alcohol and beer production and business sector, which is making a huge contribution to the budget revenue and jobs.
Because at that time, when this industry declined, it also led to an increase in the number of unemployed workers. Not to mention indirect industries such as distribution, retail, and food service stores. These are the reasons why many restaurants closed.
