Tax reform saves US$314 million (27/6)
27/06/2016 - 13 Lượt xem
The report was announced by Mr. Nguyen Quang Tien, head of the Taxation General Department’s Reform and Modernization Division, at a seminar on business environment improvement through tax reform in Hanoi yesterday.
He reported that the tax industry has cut 63 and simplified 262
procedures in the total of 456 ones. Tax payment time has reduced 78 percent
equivalent to 420 hours out of the total of 530 hours.
The industry will continue reforming in the phase of 2016-2020
such as reviewing tax procedure process, collecting feedbacks from businesses
and supervising the reform’s implementation, he said.
He hoped the Government and businesses to give assistances so
that Vietnam will be present in the list of top four ASEAN nations by 2017 and
top three by 2020 in tax transparency standards.
According to a survey by the Vietnam Chamber of Commerce and
Industry announced at the seminar, 86 percent of businesses think that tax
procedures need to be reformed further. Sixty one percent want to shorten time
and increase the publicity and transparency in doing tax formalities.
Source: SGGPO
