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.
Statistics of financial data provider Fiin Group showed that in the fourth quarter of 2022, there were about 251 loss-making enterprises out of a total of about 1,000 enterprises that published financial statements.
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 Ministry of Finance (MoF) proposal to extend the deadline for excise tax payment for locally manufactured and assemble cars will help businesses get more financial resources and restore their production.
The Ministry of Finance has proposed the Government give an extended deadline for payment of special consumption tax worth a total of VND20 trillion (US$870.5 million) on domestically produced and assembled cars.
The Ministry of Finance (MoF) has proposed the Government continue extending the deadline for excise tax payment for domestically-manufactured and assembled cars.
The total value of taxes and land lease fees under the Government’s recently-issued decree on the extension of deadlines for tax payment is VND115 trillion (US$4.97 billion), heard a press conference of the Government on Wednesday.
Capital city-based businesses on Thursday asked for specific tax policies from local authorities as they struggle with the economic downtrend caused by COVID-19.
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.
Tax payers and businesses that are completing their dissolution procedures shouldn’t be allowed to postpone their late tax payments and charges for late tax payment.
The General Department of Customs (GDC) announced another four banks that qualify to provide its 24/7 e-tax payment scheme, raising the total to 22 banks.