Reduce 2% value added tax rate until the end of 2024
On the morning of June 29, at the closing session of the 7th Session, the National Assembly voted to pass the Resolution of the 7th Session, 15th National Assembly by electronic voting.
The voting results showed that 460 delegates voted in favor. Thus, with 100% of delegates present voting in favor, the National Assembly passed the Resolution of the 7th Session, 15th National Assembly.
Before the National Assembly voted, Member of the National Assembly Standing Committee, Secretary General of the National Assembly, and Head of the National Assembly Office Bui Van Cuong presented the draft resolution.
According to the Report on explanation, acceptance, and revision of the draft Resolution of the 7th Session of the 15th National Assembly, the Standing Committee of the National Assembly said that some opinions said that the determination of goods and services eligible for tax reduction is still difficult and has problems in implementation, not really creating favorable conditions for businesses.
Therefore, it is proposed to reduce the value-added tax (VAT) rate by 2% for all groups of subjects currently applying the 10% tax rate as prescribed by the Law on VAT; at the same time, it is proposed to consider extending the policy application period until the end of 2025 or until the Law on VAT (amended) takes effect.
The Standing Committee of the National Assembly reported as follows: The scope of groups of goods and services eligible for VAT reduction was determined when Resolution No. 43/2022/QH15 was issued and applied uniformly in Resolution No. 101/2023/QH15 and Resolution No. 110/2023/QH15 of the National Assembly. The Government has issued decrees and documents guiding implementation in the past time.
Regarding the difficulties in implementing policies related to determining subjects eligible for tax reduction, according to the Government's report, these issues have basically been resolved through the Ministry of Finance proactively coordinating with relevant ministries and branches to handle and promptly issue documents guiding implementation.
Regarding implementation time, the Government proposes the policy application period from July 1, 2024 to December 31, 2024 and there is currently no basis to extend the application period of this policy.
Therefore, please allow to keep the scope of tax reduction subjects as prescribed in Resolution No. 43/2022/QH15 of the National Assembly and the policy application period from July 1, 2024 to December 31, 2024.
Accordingly, Section 15 of the Resolution of the 7th Session of the 15th National Assembly clearly states: Continue to reduce 2% of VAT rate for groups of goods and services specified in Point a, Section 1.1, Clause 1, Article 3 of Resolution No. 43/2022/QH15 of the National Assembly on fiscal and monetary policies to support the Socio-economic Recovery and Development Program from July 1, 2024 to December 31, 2024.
Implementing wage reform ensures feasibility
Regarding the issue of wages, Section 6 of the Resolution clearly states: Pursuant to Conclusion No. 83-KL/TW dated June 21, 2024 of the Politburo and Report No. 329/BC-CP dated June 21, 2024 of the Government, the National Assembly agrees to implement the contents of wage reform; adjust pensions, social insurance benefits, preferential benefits for people with meritorious services and social benefits from July 1, 2024.
Specifically, fully implement 2 contents of salary reform in the enterprise sector in accordance with Resolution No. 27-NQ/TW, including: Adjusting the regional minimum wage according to the provisions of the Labor Code (an average increase of 6% applied from July 1, 2024); regulating the salary mechanism for state-owned enterprises (applied from January 1, 2025).
Implement salary reform according to Resolution No. 27-NQ/TW in the public sector according to a roadmap, step by step, cautiously, firmly, ensuring feasibility and contributing to improving the lives of wage earners, assigning the Government to implement the contents that are clear and eligible for implementation, including: Completing the salary increase regime; supplementing the bonus regime; stipulating funding sources for implementing the salary regime; perfecting the salary and income management mechanism; adjusting the basic salary from 1.8 million VND/month to 2.34 million VND/month (increasing by 30%) from July 1, 2024.
For agencies and units that are applying special financial and income mechanisms at the Central level: The Government, relevant ministries and branches continue to review the entire legal framework to submit to competent authorities for consideration and decision on amending or abolishing the special financial and income mechanisms of agencies and units that are being implemented appropriately before December 31, 2024; reserving the difference between the salary and additional income in June 2024 of cadres, civil servants and public employees with the salary from July 1, 2024 after amending or abolishing the special financial and income mechanisms.
During the period of not amending or abolishing, the following shall apply: From July 1, 2024, the monthly salary and additional income will be calculated based on the basic salary of VND 2.34 million/month according to a special mechanism ensuring that it does not exceed the salary and additional income received in June 2024 (excluding the salary and additional income due to adjustment of the salary coefficient of the salary scale and grade when upgrading the grade or grade).
In case of calculation according to the above principle, if the salary and income increase from July 1, 2024 according to the special mechanism is lower than the salary according to general regulations, the salary regime according to general regulations will be implemented.
From July 1, 2024, the current pension and social insurance benefits will be adjusted up by 15% (June 2024); for those receiving pensions before 1995, if after adjustment the benefit level is lower than 3.2 million VND/month, the adjustment will increase by 300,000 VND/month, if the benefit level is from 3.2 million VND/month to less than 3.5 million VND/month, the adjustment will be equal to 3.5 million VND/month.
Adjust the preferential allowance for meritorious people according to the standard allowance level from 2,055,000 VND to 2,789,000 VND/month (an increase of 35.7%), maintaining the current correlation between the preferential allowance levels for meritorious people compared to the standard allowance level; adjust social allowance according to the social assistance standard level from 360,000 VND to 500,000 VND/month (an increase of 38.9%).
Focus on perfecting institutions to encourage dynamic and creative staff
Secretary General of the National Assembly and Head of the National Assembly Office Bui Van Cuong said that the National Assembly highly appreciated the direction, administration and drastic implementation of tasks and solutions of the Government, Prime Minister, ministries, branches and localities; commended the efforts of the business community and people of all walks of life in basically completing the tasks of socio-economic development and state budget in 2023 and the first months of 2024.
The National Assembly requested the Government to coordinate with relevant agencies to continue to synchronously, promptly and comprehensively implement the goals, tasks and solutions set out by the Party, the National Assembly and the Government; closely monitor developments and forecast the domestic and international situation; have appropriate, practical, specific and feasible policy solutions to overcome shortcomings and limitations and resolutely organize implementation, striving to achieve the highest level of targets in the 2024 Socio-Economic Development Plan. At the same time, resolutely and effectively implement measures to manage the gold market; ensure a stable and healthy gold market.
Promote support and recovery of the tourism market; based on functions, tasks and authority, have appropriate solutions to protect and ensure the number of aircraft and operating capacity of domestic airlines.
Promote reform of public service and civil servants; perfect institutions, regulations on regimes and policies, discover, attract and make good use of talents; focus on perfecting institutions to encourage cadres to be dynamic, creative, dare to think, dare to do, dare to take responsibility for the common good, thoroughly overcome the situation of pushing, avoiding, fear of mistakes, fear of responsibility of cadres and civil servants; improve civil service ethics and discipline, administrative discipline, associated with the responsibility of leaders.
Focus on implementing the arrangement of administrative units at district and commune levels for the 2023-2025 period according to the policies of the Party, National Assembly, and Government, striving to basically complete it by September 2024, ensuring organizational stability for localities to hold Party congresses at all levels at the grassroots level in 2025.
Continue to review to reduce and simplify administrative procedures in the process of detailing and guiding the implementation of the law; ministries, branches and localities focus on implementing approved plans to reduce and simplify administrative procedures, business conditions, and decentralization plans in handling administrative procedures; continue to review and propose plans to reduce and simplify administrative procedures, regulations related to business activities and compile statistics, review and simplify internal administrative procedures according to the set plan...
Regarding the results of practicing thrift and combating waste in 2023, the Government needs to strengthen measures to organize the implementation of Directive No. 27-CT/TW dated December 25, 2023 of the Politburo on strengthening the Party's leadership in practicing thrift and combating waste, Resolution No. 74/2022/QH15 dated November 15, 2022 of the National Assembly on promoting the implementation of policies and laws on practicing thrift and combating waste and the Program on practicing thrift and combating waste in 2024; focus on resolving voters' recommendations on tightening discipline and order, raising the sense of responsibility of agencies, authorities and officials in implementing the Party's policies and the State's laws on practicing thrift and combating waste, etc.
Regarding the Law amending and supplementing a number of articles of the Land Law No. 31/2024/QH15, the Housing Law No. 27/2023/QH15, the Real Estate Business Law No. 29/2023/QH15, the Law on Credit Institutions No. 32/2024/QH15, the Government is fully responsible to the National Assembly and the people for the effectiveness of adjusting the effective date and transitional provisions of the laws, handling issues arising after adjusting the effective date of the laws; ensuring that no legal gaps are created or that negative practices, policy profiteering, or violations are allowed to occur; not causing obstacles, congestion, or difficulties for localities, people, and businesses, negatively affecting the rights of affected subjects, the investment and business environment, and the legitimate rights and interests of people, businesses, and credit institutions.
At the same time, the Government is requested to ensure and fully prepare conditions for the implementation of the laws from August 1, 2024; resolutely direct ministries, branches and localities to promptly issue documents to detail and guide the implementation of the laws to ensure quality and progress, and avoid problems due to lack of specific documents...
Source: https://baoquangnam.vn/chinh-thuc-dieu-chinh-muc-luong-co-so-len-2-34-trieu-dong-thang-tu-ngay-1-7-2024-3137177.html
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