Many tax policies support businesses

Thanks to the policy of exemption and reduction of non -agricultural land use tax, Thanh Minh MTC Company Limited has increased investment in expanding factories and improving production capacity.

As a locality with a strongly developing economy , these policies help promptly resolve difficulties for Thanh Hoa's business community, creating momentum for a breakthrough in a context where the economy still faces many challenges.

Over the years, the business community in Thanh Hoa has repeatedly benefited from preferential tax policies, contributing significantly to the development of production and business. One of the beneficiaries is Thanh Minh MTC Company Limited, specializing in the design, construction and installation of electrical works. Company Director Le Minh Cong shared: “We welcome the State's continued maintenance of tax reduction policies in 2025. These practical policies help the company save a significant amount of costs, thereby expanding its production scale and investing more in modern technological lines.”

Mr. Cong added: "The reduction in value added tax (VAT) from 10% to 8% has significantly contributed to reducing input costs, helping the company adjust product prices, increasing the competitiveness of electrical construction packages in the domestic market. Not only that, the policy of reducing land and water surface rents is also an important boost for businesses. Thanks to the 30% reduction in land rent costs, we have more resources to expand material staging areas, build electrical equipment warehouses and invest in construction infrastructure, thereby improving project efficiency as well as the capacity to meet large contracts."

Not only manufacturing enterprises, but also enterprises operating in the service sector are clearly feeling the positive effects of the new tax policies. Director of Huong Viet Tourism Trading Company Limited, Le Thi Huong, said: "After a difficult period due to the pandemic and global economic fluctuations, the VAT reduction policy is like a lifebuoy for the tourism industry. Reduced input costs help us offer more preferential service packages to tourists, stimulate domestic tourism and attract international visitors to return to Thanh Hoa."

Notably, the Law on Tax Administration (amended), effective from the beginning of 2025, has added many new regulations, helping to simplify administrative procedures and increase transparency in tax management. The application of digital technology in tax declaration and payment has created more favorable conditions for businesses, especially small and medium enterprises, which previously faced many difficulties in accessing and implementing tax procedures.

Not stopping there, the Ministry of Finance has recently proposed to continue reducing land and water surface rents by 30% in 2025. This policy has been applied continuously from 2020 to 2024 and has proven to be clearly effective, helping many businesses and business households maintain stable operations, especially in the context of increasing input costs and somewhat stagnant purchasing power. Thanh Hoa, with the advantage of a large area of ​​land for industry, services and tourism, has become a locality that benefits greatly from this policy.

According to statistics from the Tax Department of Region X, in the first quarter of 2025 alone, more than 1,200 enterprises benefited from the VAT reduction policy, nearly 800 enterprises had their land rents extended, and about 500 enterprises in the heavy industrial production sector received a 30% reduction in water surface rents. The total support amounted to hundreds of billions of VND, contributing significantly to the strong recovery of the local economy.

Not only stopping at solving short-term difficulties, tax policies are also a long-term support for sustainable development strategies of enterprises. According to the assessment of Thanh Hoa Provincial Business Association, preferential tax policies are an important source of support, not only helping enterprises overcome immediate difficulties but also creating momentum for sustainable growth in the following years. The State's support for enterprises at this time is likened to a "good wind" helping Thanh Hoa's economic sails to expand further on the development journey.

In addition, the Thanh Hoa tax sector is also actively promoting propaganda and providing direct support to businesses to ensure that preferential policies are implemented synchronously and promptly. At the same time, it is focusing on reforming administrative procedures, strongly applying information technology to make it easier for businesses to access, enhancing dialogue with businesses to promptly resolve problems, and creating the most favorable conditions for production and business activities.

It can be said that the efforts of the Government and local authorities in implementing tax support policies not only help businesses reduce financial burdens, but also contribute to strengthening confidence in the economic outlook in 2025. With this close companionship, the business community in Thanh Hoa has every reason to believe in a year of vibrant development, actively contributing to the State budget and getting closer to the goal of building Thanh Hoa into a new growth pole in the North Central region.

Article and photos: Chi Pham

Source: https://baothanhhoa.vn/nhieu-chinh-sach-thue-ho-tro-doanh-nghiep-245363.htm