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Prime Minister Nguyen Tan Dung has agreed with several proposals from the Ministry of Finance regarding the draft law amending and supplementing certain articles of tax laws to alleviate difficulties for businesses.
According to the proposal of the Ministry of Finance, the draft Law amending and supplementing several articles of the Laws on taxation to alleviate difficulties for businesses includes three points: 1- Including industrially produced animal feed, currently subject to a 5% value-added tax rate, as a non-VAT item to support and encourage the development of livestock and aquaculture; 2- Abolishing the regulations on the collection and payment of business license tax; 3- Legalizing the regulation on the right to choose one of two methods of paying personal income tax on the transfer of securities and real estate.
The Prime Minister has agreed with the proposal of the Ministry of Finance and assigned the Ministry to take the lead, in coordination with relevant ministries and agencies, in finalizing the dossier proposing the drafting of a Law amending and supplementing a number of articles of the Laws on taxation according to the simplified procedures, and report to the Standing Committee of the National Assembly for submission to the National Assembly for consideration.
The Prime Minister has assigned the Minister of Justice, acting on behalf of the Government, to report to the Standing Committee of the National Assembly on the inclusion of this draft Law in the National Assembly's 2014 legislative program, replacing the draft Resolution of the National Assembly on promulgating a number of tax policies to alleviate difficulties for businesses, to be submitted to the National Assembly at its 8th session in October 2014.
According to the Chinhphu.vn
According to the proposal of the Ministry of Finance, the draft Law amending and supplementing several articles of the Laws on taxation to alleviate difficulties for businesses includes three points: 1- Including industrially produced animal feed, currently subject to a 5% value-added tax rate, as a non-VAT item to support and encourage the development of livestock and aquaculture; 2- Abolishing the regulations on the collection and payment of business license tax; 3- Legalizing the regulation on the right to choose one of two methods of paying personal income tax on the transfer of securities and real estate.
The Prime Minister has agreed with the proposal of the Ministry of Finance and assigned the Ministry to take the lead, in coordination with relevant ministries and agencies, in finalizing the dossier proposing the drafting of a Law amending and supplementing a number of articles of the Laws on taxation according to the simplified procedures, and report to the Standing Committee of the National Assembly for submission to the National Assembly for consideration.
The Prime Minister has assigned the Minister of Justice, acting on behalf of the Government, to report to the Standing Committee of the National Assembly on the inclusion of this draft Law in the National Assembly's 2014 legislative program, replacing the draft Resolution of the National Assembly on promulgating a number of tax policies to alleviate difficulties for businesses, to be submitted to the National Assembly at its 8th session in October 2014.
According to the Chinhphu.vn
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