Taxation authority to hold dialogue with taxpayers in five localities

Sep 26th at 13:57
26-09-2024 13:57:33+07:00

Taxation authority to hold dialogue with taxpayers in five localities

The General Department of Taxation (GDT) will hold a direct dialogue with taxpayers from five provinces and cities, including HCM City, Bình Dương, Đồng Nai, Bà Rịa-Vũng Tàu and Long An, on September 27.

Officers in Hòa Thành - Dương Minh Châu in Tây Ninh province help taxpayers carry out administrative procedures. — VNA/VNS Photo

It aims to address and resolve any difficulties and listen to recommendations from citizens and businesses regarding the implementation of tax laws.

The meeting is also an important 'channel' for the tax authority to hear feedback on the practical implementation of current tax policies so that it can suggest appropriate amendments and supplements.

The dialogue will focus on key issues, including invoicing and documentation, value-added tax policies (including VAT refunds), corporate income tax (including contractor tax), tax incentives and exemptions, personal income tax and land-related levies.

Aside from the direct dialogue, the GDT will also connect online to all 63 provincial and city tax departments across the country.

This allows tax departments to promptly resolve issues and provide guidance so they can research and apply consistent practices in managing similar issues for enterprises in their areas, thereby creating the best conditions for businesses and taxpayers.

As one of the businesses participating in this dialogue, a representative from a company in Đồng Nai said that in recent times, tax policies have been updated in a way that facilitates businesses, including small businesses and sole proprietorships.

By adopting electronic tax filing and payment, businesses can save time and money. This digital approach also minimises the risk of bureaucratic delays and inefficiencies.

The tax authority has also recently organised specialised business conferences, focusing on current issues that businesses are interested in, which can help taxpayers and tax authorities better understand each other.

Information related to addressing concerns is also continually updated on the GDT's official website.

However, adjustments to fiscal policy, including tax regulations prompted by evolving economic conditions and the impacts of natural disasters, have posed challenges for businesses in staying up to date with the latest changes.

Enterprises believe that the tax sector needs mechanisms to listen to and incorporate more feedback from citizens and businesses.

Tax Advisory Director at Deloitte Việt Nam Nguyễn Bích Ngọc said that dialogues with businesses are an excellent opportunity for the GDT to clearly explain current tax policies, making them easier for businesses to apply.

It is also a chance to share draft tax laws and amendments as well as to directly listen to taxpayers' concerns regarding any unresolved issues.

"From our observation of these dialogue conferences over the past few years, businesses have provided very positive feedback about the outcomes of these discussions. Therefore, the GDT should maintain these activities," she said. 

Bizhub





RELATED STOCK CODE (2)

NEWS SAME CATEGORY

HDBank wins IR Award for Individual Investors’ Best Choice

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) received the Financial Large Cap Individual Investors’ Best Choice award at...

Government proposes VNĐ20.6 trillion boost for Vietcombank to enhance financial capacity

The Government has proposed the National Assembly (NA) to consider pumping an addition of VNĐ20.695 trillion (US$842.8 million) worth of State capital into the...

Ransomware attacks increasingly target Việt Nam's financial sector

Financial frauds and cyber attacks on the Vietnamese financial information systems are on the rise, but many domestic financial agencies still do not pay due...

Many banks stop transactions of ATM magnetic cards

Many banks have recently announced they are stopping transactions of domestic automated teller machine (ATM) cards with magnetic strips, to ensure security for...

Banks register to provide VNĐ405 trillion in loans to support typhoon-affected customers

To date, 32 out of 40 commercial banks have registered to provide a total of VNĐ405 trillion (US$16.43 billion) in preferential loans with rates up to 2 per centage...

Large number of insurance premiums reinsured abroad

Non-life insurance and reinsurance companies in Việt Nam are having to transfer a large proportion of their premiums to foreign reinsurers to ensure security...

Vietnam Bank for Social Policies scales up support in aftermath of Typhoon Yagi

Vietnam Bank for Social Policies (VBSP) has announced it will suspend interest payments for borrowers affected by Typhoon Yagi and the subsequent flooding until...

Key sectors contributing towards state budget surplus

The state budget has experienced a surplus so far this year, driven by an increase in revenue from export and import activities, rather than crude oil.

HDBank to further support customers affected by recent storm: chairman

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) will continue to support individuals and enterprises affected by the recent storm, said its...

PM works with joint stock commercial banks on solutions to boost socio-economic growth

Prime Minister Phạm Minh Chính on September 21 chaired a meeting between Cabinet members and leaders of thirteen joint stock commercial banks to seek measures to...

Bank stocks

Insurance stocks


MOST READ


Back To Top