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Reducing tax procedures to support businesses (14/12)
14/12/2012 - 19 Lượt xem
The General Department of Taxation is currently applying comprehensive measures to help businesses overcome existing difficulties by simplifying procedures for tax registration, identification, exemptions, reductions and refunds.
He also said that after the Law to adjust and supplement several articles of the Tax Administration Law would take effect on July 1, 2013, taxpayers will see major changes in tax administration and relations between them and tax officers, which are aimed to simplify tax administration and facilitate businesses.
Medium to small-sized businesses will be required to declare added value tax returns four times a year, rather than the current 12 times. The time limit for resolving tax declaration extension procedures will be reduced from five working days as currently to just three working days as of July 1, 2013.
The amended Law also removes several regulations such as those related to tax refund procedures, while reducing the time limit for checks before tax refunds from 60 days currently to 40 days and for tax refunds before checks from 15 days as currently to 6 days as of July 1, 2013.
The amended Law will regulate checks before tax refunds. Tax offices must examine four types of high-risk business during the year after a tax refund decision is made public. These include businesses that declare losses for two consecutive years or losses that exceed the amount of the owner's capital, businesses subject to refunds of tax on real estate, trading and services, businesses that change their location at least twice a year beginning from the date of the previous tax refund decision and businesses that report abnormal changes in their taxable revenue and refundable tax during a 12-month period beginning from the date of the previous tax refund decision. In other cases, tax offices will conduct checks after tax refunds within 10 years beginning from the date of the tax refund decision.
In addition, the taxation sector will apply information technology in managing taxpayer risks, ranging from collecting taxpayer information, setting tax administration criteria and evaluating taxpayers in terms of their observance of the law to proposing and applying tax administration measures and choosing taxpayers for tax inspection./.
Source: VEN.
Source: VEN.
