The National Assembly delegation of Dong Thap and Hung Yen provinces recently proposed that the Ministry of Finance extend the implementation period of the 2% value-added tax (VAT) reduction policy until the end of 2024 to support businesses in the current difficult context.
According to the two petitioners, the current production situation of enterprises is still facing many difficulties. To encourage more consumption of goods and contribute to the recovery of production of enterprises, voters propose to continue reducing the VAT rate by 2% for the group of goods and services currently subject to the VAT rate of 10% (to 8%).
At the same time, the delegations of Hung Yen and Dong Thap proposed to continue reducing the land rent payable by 30%.
Illustration photo. (Source: ST)
Regarding the issue of continuing to reduce VAT by 2%, the Ministry of Finance said that to support people and businesses, on June 29, 2024, the National Assembly passed Resolution No. 142/2024/QH15 on the 7th session of the 15th National Assembly.
The Resolution clearly states: Continue to reduce 2% VAT rate for groups of goods and services specified in 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.
Regarding the proposal to continue reducing land rent by 30%, the Ministry of Finance said that it had issued Official Dispatch No. 5461/BTC-QLCS dated May 29, 2024 reporting to the Prime Minister on the policy of reducing land rent and water surface rent in 2024 and the Prime Minister had given instructions in Official Dispatch No. 4932/VPCP-NN dated July 12, 2024 of the Government Office.
Accordingly, the Government has assigned the Ministry of Finance to study and report to the Government on regulations on land rent reduction policy in 2024 to ensure compliance with the authority and regulations of the 2024 Land Law.
In order to have a basis to carry out the tasks assigned by the Prime Minister, the Ministry of Finance is requesting ministries, branches, localities, corporations and general companies to summarize and evaluate the implementation of the Prime Minister's decisions to reduce land rents in recent years and propose policies on reducing land rents and water surface rents to continue to remove difficulties and support production and business activities.
However, according to the provisions of Clause 2, Article 157 of the 2024 Land Law (effective from August 1, 2024), the Government shall stipulate other cases of exemption or reduction of land use fees and land rents not specified in Clause 1 of this Article after obtaining the consent of the National Assembly Standing Committee.
Source: https://www.congluan.vn/de-nghi-tiep-tuc-giam-30-tien-thue-dat-phai-nop-post316678.html
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