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New tax policy updated

At the conference, taxpayers were updated on new tax policies in accordance with tax laws to minimize errors and administrative violations in tax matters. This included important information on the 2024 Law on Value Added Tax (VAT), effective from July 1, 2025; VAT reduction policy in 2025 and environmental fee reduction; and instructions on the automatic personal income tax (PIT) refund process.

Mr. Nguyen Dang Loc, Business Support Management Department, The Tax Department of Region XII shared that the 2024 VAT Law adjusts the regulations on subjects not subject to VAT. Specifically, the regulation removes some subjects previously not subject to VAT to be subject to tax, such as: Fertilizers, machinery, specialized equipment for agricultural production; offshore fishing vessels; securities depository; market organization services of stock exchanges or securities trading centers; other securities business activities.

In addition, according to this regulation, exported products that are resources and minerals that have been mined and processed into other products are not subject to VAT according to the list prescribed by the Government. At the same time, additional imported goods supporting and sponsoring the prevention of natural disasters, epidemics, and wars according to the Government's regulations are not subject to VAT.

According to Mr. Nguyen Dang Loc, previously, in case a business establishment discovered that the input VAT amount when declaring or deducting was incorrect or incomplete, the 2008 VAT Law only guided taxpayers to declare and deduct additional amounts before the tax authority announced the decision to conduct a tax audit or tax inspection at the taxpayer's headquarters. However, according to the new regulations of the 2024 VAT Law, in case a business establishment discovered that the input VAT amount when declaring or deducting was incorrect or incomplete, it could declare tax before the tax authority or competent authority announced the decision to conduct a tax audit or tax inspection.

Specifically, declare in the period of occurrence in case the additional declaration increases the amount of tax payable or reduces the amount of tax refunded; the taxpayer must pay the full amount of tax payable or have the corresponding refunded tax recovered and pay late payment fees to the State budget (if any). Declare in the period of discovery in case the additional declaration reduces the amount of tax payable or only increases or decreases the amount of VAT deductible to be carried forward to the following month or quarter.

Taxpayers share problems in the tax settlement process

In addition, the 2024 VAT Law also stipulates an increase in the threshold for VAT taxable revenue. Specifically, goods and services of households and individuals producing and trading with an annual revenue of VND 200 million or less are not subject to VAT.

Removing difficulties related to tax settlement

At the conference, business accountants discussed the issue of updating personal identification numbers issued by the Ministry of Public Security as tax codes. At the same time, they requested the Tax Department to extend the deadline for updating personal identification numbers as tax codes.

However, according to the explanation of the tax authority at the conference, Circular 86/2024/TT-BTC of the Ministry of Finance regulating tax registration has stipulated that from July 1, 2025, personal tax codes will be officially abolished, using personal identification numbers instead of tax codes. This allows each individual to only need to use a single tax code nationwide. Using personal identification numbers instead of tax codes not only simplifies administrative procedures, but is also the foundation for building a modern tax management system, in line with the national digital transformation trend.

Direct support for taxpayers at tax office headquarters

In addition, taxpayers' problems related to tax settlement for people with income from two places, registering family deductions for dependents; determining personal income taxable income... were also shared by the leaders of the Tax Department of Region XII at the dialogue.

Mr. Ha Van Khoa, Deputy Head of the Tax Department of Region XII, Hue City, said: In recent times, the Tax Department of Region XII, Hue City has actively promoted, disseminated and guided taxpayers to implement tax laws and policies, closely monitored and supervised enterprises in the area to declare, calculate and pay taxes in accordance with the law. However, the implementation of tax laws and policies for some enterprises in the city is sometimes not timely and complete. Many units are still facing some difficulties in the process of complying with and implementing new tax policies. With the motto of always putting the interests of taxpayers at the center, the Tax Department of Region XII will always accompany and support enterprises to ensure proper implementation of tax laws and regulations.

At the same time, Mr. Ha Van Khoa also shared that taxpayers need to proactively research tax policy regulations and information changes for each tax before making final settlement to minimize related risks.

Hoang Anh