Proposal to reduce taxes for seafood and garment enterprises with many female workers

Article 15, Clause 1 stipulates: "Enterprises in production, construction and transportation that employ many female workers are entitled to a reduction in corporate income tax equal to the additional expenses for female workers."

However, Ms. Vang suggested that the draft law should include a provision that seafood and garment enterprises employing 50% or more female workers out of the total workforce will have their corporate income tax reduced by the amount of additional expenses for female workers. According to the delegate, in reality, enterprises in this industry often attract more female workers.

Clause 2 stipulates that "Enterprises employing many ethnic minority workers are entitled to a reduction in corporate income tax equal to the additional expenses for ethnic minority workers".

Ms. Vang also recommended that the draft law should stipulate that businesses employing 30% or more ethnic minority workers out of the total number of existing workers receive tax reductions.

" The tax exemption and reduction policy for these enterprises is one of the important tax incentive policies to support enterprises in implementing support policies for female workers and ethnic minority workers according to the law, creating a favorable and harmonious working environment between employers and employees," said Ms. Vang.

National Assembly Delegate To Ai Vang (Soc Trang). (Photo: National Assembly Media)

Another proposal by Ms. To Ai Vang is to recommend that the draft law consider reducing it by another 2%, meaning the corporate income tax rate is 18%.

According to Ms. Vang, currently, the rate of small and medium enterprises accounts for about 95% of the total number of enterprises in the country. Given the unpredictable impact on the regional and world economy, along with many internal difficulties of domestic small and medium enterprises, the draft law considering reducing corporate income tax by 2% will be of great significance in helping enterprises stabilize their long-term and sustainable development strategies.

In addition, Article 13, Point c, Clause 6 stipulates the application of preferential tax rates for enterprises investing in and regularly employing over 6,000 workers. Delegates proposed that the draft law consider reducing the number to over 3,000 workers to promote preferential tax policies and encourage investors in local areas where the proportion of enterprises making investment is currently low.

Responding to delegates about the 2% tax reduction for small and medium enterprises, Deputy Minister of Finance Cao Anh Tuan said: " We have included a regulation that revenue under 3 billion is 15%, from 3 billion to 50 billion is 17%, thus reducing from 3 to 5% compared to the current rate of 20% for enterprises in general ."

Mr. Tuan also said that after the 43rd session of the National Assembly Standing Committee, the Drafting Committee closely coordinated with the Economic and Financial Committee to discuss and review the content of the draft law, and in conjunction with today's session, will continue to review and report to the National Assembly Standing Committee before reporting to the National Assembly.

PHAM DUY

Source: https://vtcnews.vn/de-xuat-giam-thue-cho-doanh-nghiep-thuy-san-may-mac-co-nhieu-lao-dong-nu-ar933928.html