Deputy
Minister of Finance Nguyen Duc Chi
According to the Deputy
Minister Nguyen Duc Chi, the fiscal and tax policies to support the people and enterprises
have lasted since the outbreak of the Covid-19 pandemic. In 2022 alone, the VAT
was reduced from 10% to 8% for most items with a tax rate of 10%; extended the
tax amounts payable to support liquidity, cash flows for the enterprises;
reduced the land rent for the enterprises and people; reduced the environmental
protection tax for the petroleum item to the floor level.
“The scale of these supports
in 2022 was up to 233,000 billion VND. This is an unprecedented figure”, said
Deputy Minister Nguyen Duc Chi.
The year 2023 is forecasted
to have many difficulties and challenges, so right from the last months of
2022, under the direction of the Government, the Prime Minister, the Ministry
of Finance has prepared, researched and proposed a series of solutions on the fiscal
and tax policies in order to continue supporting the people and enterprises.
In which, with the tax
payment extension policy, this agency has made recommendations and will report
to the Government according to its authority to consider and decide, on that
basis, continue to support flexible cash flows, create liquidity for the
enterprises and people. The Ministry of Finance also proposed to continue the
policy of reducing land rent for the people and enterprises in 2023.
For the environmental
protection tax on petrol item, this agency also continued to propose a
reduction and the Standing Committee of the National Assembly has also made decision
on this.
“Basically, the Ministry of
Finance proposed the tax and fee policies to support the enterprises and people
in 2023, similar to those applied in 2022”, said Deputy Minister Nguyen Duc Chi
and he noted that the policies applied in 2023 will have appropriate
adjustments, but all are in the spirit of continuing to implement the policies
to support people and enterprises.
The Leader of the Ministry of
Finance also said that it is ready to build other scenarios if the situation in
2023 has developments and negative impacts. Simultaneously, the Government will
continue to smoothly manage the monetary policies as well as other macro
policies to ensure macro balance and stabilize the economy.
