The Government requested the Ministry of Finance to carefully assess the impact of policies to increase the persuasiveness of the Proposal to develop the Law on Corporate Income Tax (amended); corporate income tax incentives should be prioritized for disadvantaged areas and industries that need to be encouraged to develop, innovate, and create.
The Government issued Resolution 22/NQ-CP at the specialized meeting on law making in January 2024.
In particular, regarding the proposal to develop the Law on Corporate Income Tax (amended), the Government highly appreciated the Ministry of Finance for presiding over and coordinating with relevant ministries and agencies to develop the Proposal to develop the Law in accordance with the provisions of the Law on Promulgation of Legal Documents; in agreement with the goal of developing the Law to institutionalize the Party's guidelines and policies and the State's policies on reforming the tax policy system in general and corporate income tax policy in particular.
Responding to practical requirements and new development requirements of the economy, contributing to restructuring the state budget towards safety and sustainability; creating a favorable and fair investment and business environment; ensuring the consistency of the legal system, requirements for international economic integration and enhancing international cooperation on tax.
Basically agreeing on 07 policies in the Proposal for Law making, the Ministry of Finance researched, received opinions from the Government, opinions from Government members, and completed to ensure the following requirements:
- Maximally absorb the opinions of the Government and Government Members to complete the dossier for the Proposal to develop the Law, especially the opinions of the Ministers of the Ministries of Justice, Planning and Investment, Foreign Affairs, Information and Communications, Science and Technology, Transport and the Governor of the State Bank of Vietnam.
- Carefully review the Policies to ensure consistency and unity in the legal system, in accordance with the policy and solutions for safe and sustainable restructuring of the state budget, in accordance with Vietnam's international commitments in the context of increasingly deep and wide international economic integration today.
- Evaluate the impact of policies to increase the persuasiveness of the Law Drafting Proposal; corporate income tax incentives should be prioritized for disadvantaged areas and industries that need to be encouraged to develop, innovate and create to create convenience and fairness for people and businesses when participating in the investment and business environment; ensure transparency and avoid policy exploitation during implementation.
The Government assigned the Ministry of Finance to preside over and coordinate with the Ministry of Justice, the Government Office and relevant ministries and agencies to study, absorb and fully explain the opinions of Government members; revise and complete the dossier of the Proposal for Law making; send it to the Ministry of Justice to include in the Government's Proposal to supplement the 2024 Law Making Program of the 15th National Assembly, submit it to the National Assembly for consideration and comments on the Law project at the 8th Session (October 2024) and pass it at the 9th Session (May 2025) in accordance with the provisions of the Law on Promulgation of Legal Documents.
Deputy Prime Minister Le Minh Khai directed the completion of the Proposal to develop this Law.
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