VN slashes tax pro­ce­dures to save time

Viet Nam News - - NATIONAL -

— Vieät Nam has taken dras­tic mea­sures to re­duce the time needed for com­pa­nies to fill in tax forms and pay dues from 1,050 hours down to the cur­rent 872 hours in five years.

Chair­woman of the Vieät Nam Tax Con­sul­tancy As­so­ci­a­tion ( VTCA), Nguyeãn Thò Cuùc, said this in the cen­tral city of Ñaø Naüng yes­ter­day at a work­shop to dis­cuss a draft de­cree to amend tax­a­tion pol­icy.

Cuùc, who is for­mer Deputy Di­rec­tor Gen­eral of the Gen­eral Depart­ment of Tax­a­tion, said Viet­namese tax­a­tion agen­cies, min­istries and de­part­ments must re­duce the hours taken to com­plete tax pro­ce­dures from about 171, sim­i­lar to the ASEAN 6 ( Thai­land, Sin­ga­pore, Malaysia, In­done­sia, the Philip­pines and Brunei).

She said this would im­prove Vieät Nam’s com­pet­i­tive­ness.

“Vieät Nam ranked 149th out of 189 na­tions in the Com­pet­i­tive­ness In­dex and 185th in the Tax-Pay­ing In­dex de­vised by the World Bank. The poor fig­ure called for rapid change in ad­min­is­tra­tive re­forms and strong en­deav­ours from cus­toms, tax and busi­nesses,” she said.

She added that tax­a­tion pro­ce­dure re­form would boost trans­parency and com­pet­i­tive­ness as well as cre­ate more favourable con­di­tions for business.

Cuùc said there was still many ob­struc­tions in the tax sys­tem and much over­lap­ping by tax­a­tion and pub­lic se­cu­rity agen­cies, adding that dig­i­tal tax had yet to be widely em­braced.

Di­rec­tor of le­gal, reg­u­la­tory and com­pe­ti­tion mat­ters un­der the USAID’s Gov­er­nance for In­clu­sive Growth Pro­gramme Phan Vinh Quang, said the Gov­ern­ment’s Res­o­lu­tion 19 and the Fi­nance Min­istry ’ s cir­cu­lar 119 (119/2014/TT-BTC) had a good im­pact on boost­ing the com­pet­i­tive­ness for busi­nesses.

“A survey of 400 busi­nesses showed that the Fi­nance Min­istry ’ s cir­cu­lar 119 helped en­ter­prises save VNÑ3 tril­lion (US$143 mil­lion) by stream­lin­ing ad­min­is­tra­tive pro­ce­dures and re­duc­ing tax bar­ri­ers,” Quang said.

“ "But Res­o­lu­tion 19, which will re­duce the time to com­plete and pay tax each year down to 171 hours, would save VNÑ11 tril­lion ($524 mil­lion),” he added.

He said the World Bank sug­gested Vieät Nam should pro­mote e-tax dec­la­ra­tions, sim­plify pro­ce­dures and en­cour­age busi­nesses to self de­clare. —

An of­fi­cer from the De­par­ment of Tax­a­tion in north­ern Yeân Baùi Prov­ince pro­vides in­struc­tion on fil­ing tax pa­pers. Vieät Nam has re­duced the time needed to fill in tax forms from 1,050 hours to 872 hours in five years. — VNA/VNS Photo Hoaøng Huøng.

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