Proposal to reduce 36 fees and charges from July 1

The Ministry of Finance is seeking comments on the draft Circular regulating the collection rates of a number of fees and charges. This agency proposes to continue reducing 10-50% on 36 fees and charges to remove difficulties and support production and business activities. The application period is from July 1 to December 31 this year. The expected reduction is 10-50%.

Specifically, the fee for granting a license to establish and operate a bank and the fee for appraising a construction investment project are collected at 50% of the prescribed rate.

Fees for exploiting and using environmental data are collected at 70% of the regulations. Fees for exploiting and using water resources by central agencies are collected at 80% of the regulations. Fees for concessions for exploiting airports are collected at 90% of the regulations.

Fees for issuing passports, travel documents, exit permits, and AB stamps are 80% of the prescribed rate.

The fee for issuing citizen identification cards is also expected to be reduced by 50% compared to regulations. Fees in the health sector will be collected at 70% of the prescribed level.

The Ministry of Finance proposes to reduce passport fees and 35 other fees and charges.

In the securities sector, many fees and charges are reduced to support the establishment of securities companies, securities investment funds, and securities consulting organizations.

The reduction of fees and charges in the securities sector excludes two items: Fees for new issuance, exchange, and re-issuance of securities practice certificates for individuals practicing securities at securities companies, securities investment fund management companies, and securities investment companies; fees for supervision of securities activities.

In addition, the Ministry of Finance is also studying and proposing to extend many taxes. This agency is proposing to draft a resolution of the National Assembly on reducing value-added tax by 2% until December 31, 2024.

The Vietnam Federation of Commerce and Industry (VCCI) believes that in the context of many economic difficulties, continuing the VAT reduction policy from July to the end of 2024 is extremely necessary.

According to VCCI, businesses encounter many difficulties when applying this policy, mainly stemming from the classification of which goods are subject to 10% tax and which goods are subject to a reduced tax rate of 8%. The difficulty in determining the tax rate of 8% or 10% causes many social costs and increases the risks of production and business activities.

Many businesses reported having to hire additional accountants to adjust invoices and books to match the new tax rate. Many businesses reported negotiating the purchase and sale of goods, reaching agreements with customers on quantity, quality, and price, but not agreeing on the 8% or 10% tax rate, so they could not sign the contract. There have been cases where businesses implementing construction contracts have had disputes with partners when settling accounts simply because the two parties have different views on the tax rate.

For the above reasons, VCCI recommends that the drafting agency consider the option of reducing value-added tax for all types of goods and services from 10% to 8%.

tienphong.vn

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