This is the fourth extension of special consumption tax payment deadline since 2021 with an aim to support domestic manufacturers in the context of ping purchasing power after the COVID-19 pandemic.
The ministry said the extension would support enterprises to overcome difficulty and have resources to invest in production and business, adding that the extension would not affect the state budget balance at both central and local levels.
The Government needs to do more to revive the business sector, Dr Tran Hung Son, deputy president of the Institute for Development and Research in Banking Technology under the Viet Nam National University HCM City has said.
The Viet Nam Tourism Advisory Board (TAB) has proposed to half value added tax for the tourism sector from 10 per cent to 5 per cent to help businesses deal with the coronavirus outbreak.