HCMC – Vietnam had provided nearly VND89.9 trillion in tax relief in the year the end of August, according to the Ministry of Finance.
These relief measures included tax exemptions, reductions, and deferrals aimed at supporting businesses and individuals facing ongoing economic challenges.
Around VND60.9 trillion was allocated for tax exemptions and reductions, while VND28.9 trillion was deferred. Of the total tax relief, VND8.7 trillion came from policies extended from 2023, and VND52.2 trillion resulted from new policies implemented in 2024.
The ministry reported that tax and customs authorities effectively executed these pro-business policies, helping to facilitate the recovery of business operations and contributing to economic growth.
Additionally, VND9.8 trillion from the central budget was allocated for national defense, security, disease prevention, and economic recovery efforts.
Customs authorities conducted 1,109 inspections, recovering around VND290.5 billion for the state budget.
Tax authorities are currently focusing on auditing inactive and temporarily closed businesses.
