The Ministry of Finance proposed reducing fees for issuing passports, citizen identification cards, fees in the fields of health care, securities… to remove difficulties and support production and business activities. The expected reduction is 10-50%, applicable to a total of 36 fees and charges.
The Ministry of Finance is seeking comments on the draft Circular stipulating the collection rates of a number of fees and charges. This agency proposes to continue reducing 36 fees and charges by 10-50% to remove difficulties and support production and business activities. Valid from July 1 to December 31 this year. The expected reduction is 10-50%.
Specifically, the fee for licensing the establishment and operation of banks and the fee for appraisal of construction investment projects is equal to 50% of the regulations.
Fees for exploiting and using environmental data are equal to 70% of regulations. Water resource exploitation and use fees collected by central agencies are equal to 80% of regulations. Airport and airfield concession fees are collected at 90% of regulations.
Fees for issuing passports, travel documents, exit permits, and AB stamps are 80% of the prescribed level.
Fees for issuing citizen identification cards are also expected to be reduced by 50% compared to regulations. Fees in the medical field are collected at 70% of the prescribed level.
The Ministry of Finance proposed reducing passport issuance fees and 35 other fees and charges.
In the field of securities, many fees and charges are reduced to support the establishment of securities companies, securities investment funds, and securities consulting organizations.
The reduction of fees and charges in the field of securities except for 2 items: Fees for new issuance, renewal, and re-issuance of securities practice certificates (certificates) for individuals practicing securities at securities companies and public companies. securities investment fund management companies and securities investment companies; Fees for monitoring securities activities.
In addition, the Ministry of Finance also continues to research and propose extension of many taxes. This agency is proposing to develop a resolution project of the National Assembly on reducing value added tax by 2% until December 31, 2024.
The Vietnam Confederation of Commerce and Industry (VCCI) believes that, in the context of a difficult economy, continuing the VAT reduction policy from July to the end of 2024 is extremely necessary.
As noted by VCCI, businesses encounter many problems when applying this policy, mainly stemming from classifying which goods are subject to a 10% tax and which goods are subject to a tax reduction of 8%. Difficulties in determining tax rates of 8% or 10% cause many social costs and increase risks of production and business activities.
Many businesses reported having to hire additional accountants to adjust invoices and books to comply with the new tax rates. Many businesses report the situation of negotiating the purchase and sale of goods, reaching an agreement with customers on quantity, quality, and price but not agreeing on the tax rate of 8% or 10%, so the contract cannot be signed. There have been cases where businesses carrying out construction and installation packages have had disputes with their partners during settlement just because the two sides had different views on tax rates.
For the above reasons, VCCI proposed that the drafting agency consider a plan to reduce value added tax for all types of goods and services from 10% to 8%.
Viet Linh