Tax procedures are on top of the three groups of administrative procedures that should be reformed, 495 out of 891 businesses responded in a survey This is the information from a report on the results of a survey on the delivery/execution of administrative procedures for businesses in 2024 recently published by the Board for Private Economic Development Research (Board IV) under the Prime Minister’s Advisory Council for administrative reform. There are six groups of basic administrative procedures that businesses must carry out during their lifetime, including starting business, labor and social insurance, import-export, land and construction, tax, and dissolution or suspension of operations. The results of Board IV’s survey indicate the degree of “improved/considerably improved” procedures is not high, representing 10-30% of 891 businesses surveyed. Groups of procedures with much improvement include starting business (26.4%), labor and social insurance (22.7%), and dissolution or suspension of operations (12.6%). Procedures with poor improvement include tax (39.1%) and land, environment, and construction (36.5%). According to businesses’ feedback, the tax agency has tried to improve policy and enhance efficiency in the delivery and execution of tax procedures, but three difficulties still exist. The first difficulty is the lack of synchronization and the complexity in […]
Tax procedures are on top of the three groups of administrative procedures that should be reformed, 495 out of 891 businesses responded in a survey This is the information from a report on the results of a survey on the delivery/execution of administrative procedures for businesses in 2024 recently published by the Board for Private Economic Development Research (Board IV) under the Prime Minister’s Advisory Council for administrative reform. There are six groups of basic administrative procedures that businesses must carry out during their lifetime, including starting business, labor and social insurance, import-export, land and construction, tax, and dissolution or suspension of operations. The results of Board IV’s survey indicate the degree of “improved/considerably improved” procedures is not high, representing 10-30% of 891 businesses surveyed. Groups of procedures with much improvement include starting business (26.4%), labor and social insurance (22.7%), and dissolution or suspension of operations (12.6%). Procedures with poor improvement include tax (39.1%) and land, environment, and construction (36.5%). According to businesses’ feedback, the tax agency has tried to improve policy and enhance efficiency in the delivery and execution of tax procedures, but three difficulties still exist. The first difficulty is the lack of synchronization and the complexity in […]
Tax procedures are on top of the three groups of administrative procedures that should be reformed, 495 out of 891 businesses responded in a survey This is the information from a report on the results of a survey on the delivery/execution of administrative procedures for businesses in 2024 recently published by the Board for Private Economic Development Research (Board IV) under the Prime Minister’s Advisory Council for administrative reform. There are six groups of basic administrative procedures that businesses must carry out during their lifetime, including starting business, labor and social insurance, import-export, land and construction, tax, and dissolution or suspension of operations. The results of Board IV’s survey indicate the degree of “improved/considerably improved” procedures is not high, representing 10-30% of 891 businesses surveyed. Groups of procedures with much improvement include starting business (26.4%), labor and social insurance (22.7%), and dissolution or suspension of operations (12.6%). Procedures with poor improvement include tax (39.1%) and land, environment, and construction (36.5%). According to businesses’ feedback, the tax agency has tried to improve policy and enhance efficiency in the delivery and execution of tax procedures, but three difficulties still exist. The first difficulty is the lack of synchronization and the complexity in […]
HCMC – The Ministry of Finance has reported that Vietnam refunded VND29.236 trillion in value-added tax (VAT) in January-March, up by 8% compared to...
HCMC – Wood industry enterprises, primarily woodchips and wood pallets exporters, have received value added tax (VAT) refunds totaling VND2 trillion as of today.
According...
HCMC – Vietnam's tax authorities have sounded the alarm over a concerning decline in tax revenue, indicating potential fiscal health issues.
Tax revenue in the...
HCMC - The General Department of Taxation has requested local tax authorities to expedite the processing of value-added tax (VAT) refund requests by businesses.
In...
HCMC - Pending VAT refunds are having a negative impact on wood processing and exporting businesses, according to the Vietnam Timber and Forest Product...
HCMC – Replanted-forest wood exporting businesses are finding it tough to claim VAT refunds, which have reached VND1,000 billion since January this year.
The Association...