Improving tax policy for public non-business units

07:40 | 07/12/2017 Regulations Follow english.haiquanonline.com.vn on

VCN – The Government’s office has announced a conclusion of Deputy Prime Minister Vuong Dinh Hue on tax policy applicable to public non-business units in the fields of health, education and training

	Public non-business units permitted to apply business accounting regime
	What are conditions to do business on public rental properties?
	Criteria for transforming public non-business units into joint-stock companies

improving tax policy for public non business units

Tax for public non-business units is in accordance with provision of law on tax.

The conclusion clarified that tax for public non-business units is in accordance with provision of law on tax.

The Deputy Prime Minister assigned the Ministry of Finance to host and cooperate with relevant ministries and agencies on the basis of Resolution 19-NQ/TW dated 25 October 2017 of the Party Central Committee to further renovate the organizational and management system, to improve the quality and efficiency of public non-business units, to review and improve the tax policy for public non-business units in order to encourage these units to be financially independent and accumulate capital for investment, and to report to the Prime Minister for submission to the National Assembly for amendments and supplements to Laws on tax by 2018.

Especially, it is required to measure the implementation of policy on not imposing VAT on health service, education and occupational training over the past time. Measuring the compliance with corporate income tax of public non-business units in the field of health, education and training over the past time, in which specifying the compliance of wholly independent units, partly independent units and units wholly invested by state budget.

Reviewing the accounting regime for public non-business units and ensuring the full accounting of revenues and expenditures.

An increase of VAT does not have a major impact on low-income people

VCN- Around the comments of public opinion about the proposed increase of VAT that the Ministry of ...

Supplementing policy on exemption from corporate income tax for fundamental and essential public services in the fields of health, education and training of public non-business units invested by the State budget and exemption from corporate income tax for public non-business units in remote areas and ethnic minority areas.

By Huong Diu/ Huyen Trang

Tags:

Related News

Import tax exemption to benefit domestic ITC industry

14:35 | 31/03/2023 Import-Export

The information and communication technology sector has grown by 6-9% each year and has often exceeded the country’s GDP growth rate in recent years, attendees were told at workshop held by the Ministry of Information and Communications (MIC).

Goods imported from export processing enterprises must pay tax

14:50 | 10/04/2023 Customs

VCN - According to the provisions of the Law on Import and Export Duties, if a domestic enterprise imports products of export processing enterprises, they must pay tax.

Vietnam adjusting policies to adapt to global minimum corporate income tax: Official

15:48 | 27/03/2023 Finance

Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc.

VBF 2023: Enterprises continuously propose many support measures

10:17 | 28/03/2023 Import-Export

VCN - A representative of the Investment and trade working group said that legislatures might consider amending the Land Law to allow companies in Vietnam to mortgage land use rights to foreign lenders. This is because companies in Vietnam have difficulty accessing competitive financing sources outside of Vietnam since they cannot mortgage factories and land use rights to foreign lenders. Additionally, businesses suggested that Vietnam diversify markets and improve the efficiency of post-harvest activities, including packaging.

Latest News

Enterprises have the right to pre-determine HS codes

09:55 | 06/04/2023 Regulations

VCN - At the dialogue conference between Ho Chi Minh City Customs Department and import-export enterprises at the weekend, enterprises raised many problems related to HS code application, and post-clearance audit.

Amendment to Decree 14 to prevent goods congestion at border gates

11:39 | 01/04/2023 Regulations

VCN – When Government Decree No14/2018/ND-CP dated January 23, 2018, is revised to shift the border trade from unofficial-quota trade to official-quota trade to prevent goods congestion at border gates at harvest season or on holidays and Tet, there will be some changes in the management of the border trade.

Notes for businesses on tax policy

13:44 | 31/03/2023 Regulations

VCN - According to experts, some businesses do not understand clearly tax documents and policies, especially new ones, leading to many risks in implementation.

Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

13:43 | 27/03/2023 Regulations

VCN - After a long time of implementation and many changes in reality, it is time to amend the Law on Corporate Income Tax (CIT) to remove difficulties for production and business activities, and open up and promote resources for economic and social development.

More News

Apply 609 preferential export tax lines, 11,526 special preferential import tax lines to implement the CPTPP Agreement

09:33 | 26/03/2023 Regulations

VCN - To enjoy the preferential export tax rates under the Preferential Export Tariff and the Special Preferential Import Tariff of Vietnam implementing the CPTPP Agreement from 2022 to 2027, exported goods must have transport documents and import customs declarations or documents replacing customs declarations showing that the destination is in the territory of the member countries in which the CPTPP Agreement has entered into force, regulated in the scope of Decree No. 115/2022 /ND-CP dated December 30, 2022.

Difficulties in determining samples for testing

09:32 | 26/03/2023 Regulations

VCN – Customs face challenges in determining whether imported food samples for testing are exempt from state inspection for food safety, as well as in identifying which products require registration for announcement purposes.

GDVC instructs application of C/O form D

10:16 | 25/03/2023 Regulations

VCN – ASEAN member states must declare HS code 2022 on Certificate of Origin from April 1.

Review, perfect regulations on decentralization of public property management

11:55 | 22/03/2023 Regulations

VCN - The Ministry of Finance has sent an official letter to ministries, central and local agencies on improving legal documents under the power for promulgation of ministries, central and local agencies on the management and use of public property.

MoF develops excise tax policy to promote electric vehicle production

17:21 | 13/03/2023 Regulations

VCN – The Ministry of Finance is considering adjusting excise tax rates for some environmentally friendly products in the revised Law on Excise Tax.

Enterprises must submit dossiers and documents to identify authenticity of goods' value

10:09 | 13/03/2023 Regulations

VCN – According to regulations, for customs declarations selected for customs valuation, customs declarants must submit dossiers and documents to identify the authenticity of the declared goods' value.

Removing difficulties in the implementation of VAT policy

15:10 | 27/02/2023 Regulations

VCN - For businesses to understand and strictly comply with the regulations on the declaration of value-added tax (VAT) rate for import and export goods, the General Department of Customs has continuously issued guiding documents, which is considered an important part of bringing policies into practice.

Correcting policy to avoid overlaps in inspection and supervision at land border gates

14:13 | 26/02/2023 Regulations

VCN - Currently, the draft Decree amending and supplementing Decree No. 08/2015/ND-CP dated January 21, 2015 is being submitted to the Government for signing and promulgation of amendments related to customs inspection and supervision procedures for means of transport on exit, entry and transit in the draft Decree that was amended and supplemented to meet the requirements of administrative procedure reform.

Tax policy for re-imported goods of export processing enterprises

14:43 | 23/02/2023 Regulations

VCN – The General Department of Vietnam Customs has instructed Hanaro TNS Vietnam Co., Ltd about the tax policy for re-imported goods of export processing enterprises.

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read