Proposed to consider further extending tax incentives for automobile manufacturing and assembly

Proposed to consider further extending tax incentives for automobile manufacturing and assembly VCN - Deputy Prime Minister Le Van Thanh assigned the Ministry of Finance to assume the prime responsibility for, and coordinate with relevant agencies in, reviewing the implementation of the tax incentive program for automobile manufacturing and assembly.
Illustrative photo: Internet
Hai Duong Provincial Party Committee has recently sent a written proposal to the Prime Minister on removing difficulties for automobile manufacturers. Inthe proposal of the Hai Duong Provincial Party Committee, Deputy Prime Minister Le Van Thanh assigned the Ministry of Finance to assume the prime responsibility for, and coordinate with relevant agencies in, reviewing and evaluating the recent implementation of the tax incentive program for automobile manufacturing and assembly (Tax incentive program) specified in Clause 3, Article 2 of Decree No. 57/2020 of the Government dated May 25, 2020 of the Government amending and supplementing a number of articles of the Government's Decree No. 122/2016 of the Government dated September 1, 2016 on Export Tariff, Preferential Import Tariff, List of goods and flat tax rates, compound tax, and import tax outside tariff quotas and Decree No. 125/2017 of the Government dated November 16, 2017 amending and supplementing a number of articles of Decree No. 122/2016. The Deputy Prime Minister requested this agency to study and propose contents that need to be amended and supplemented, including considering the possibility of further extending the Tax Incentive Program for the next period (after 2022), to report to the Prime Minister. HươngDịu VCN - Deputy Prime Minister Le Van Thanh assigned the Ministry of Finance to assume the prime responsibility for, and coordinate with relevant agencies in, reviewing the implementation of the tax incentive program for automobile manufacturing and assembly.
What are the corporate income tax incentives for pepper growing activities? What are the corporate income tax incentives for pepper growing activities?
To give business tax incentives to reality To give business tax incentives to reality
Illustrative photo: Internet
Illustrative photo: Internet


Hai Duong Provincial Party Committee has recently sent a written proposal to the Prime Minister on removing difficulties for automobile manufacturers.

In the proposal of the Hai Duong Provincial Party Committee, Deputy Prime Minister Le Van Thanh assigned the Ministry of Finance to assume the prime responsibility for, and coordinate with relevant agencies in, reviewing and evaluating the recent implementation of the tax incentive program for automobile manufacturing and assembly (Tax incentive program) specified in Clause 3, Article 2 of Decree No. 57/2020 of the Government dated May 25, 2020 of the Government amending and supplementing a number of articles of the Government's Decree No. 122/2016 of the Government dated September 1, 2016 on Export Tariff, Preferential Import Tariff, List of goods and flat tax rates, compound tax, and import tax outside tariff quotas and Decree No. 125/2017 of the Government dated November 16, 2017 amending and supplementing a number of articles of Decree No. 122/2016.

Video: HCM City Customs: Collecting VND350 billion from consulting price of imported automobiles Video: HCM City Customs: Collecting VND350 billion from consulting price of imported automobiles

The Deputy Prime Minister requested this agency to study and propose contents that need to be amended and supplemented, including considering the possibility of further extending the Tax Incentive Program for the next period (after 2022), to report to the Prime Minister.

By Huong Diu/ Hoai Anh

Related News

Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

VCN – The promulgation of Vietnam's Decree on Vietnam's special preferential import tariff to implement the Vietnam-Cuba Trade Agreement for 2022-2027 creates a stable and open legal framework, facilitates import and export activities, brings expected great benefits to the business community of the two sides, promote two-way trade turnover and develop Vietnam-Cuba trade relations.
Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

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

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.
Enterprises must comply with regulations to enjoy import and export tax incentives

Enterprises must comply with regulations to enjoy import and export tax incentives

VCN – At the talk show “Take advantages of import and export tax incentives in FTAs to boost economic growth” held by Customs News on March 7, Mr. Pham Anh Tuan Deputy Director of the International Cooperation Department (Ministry of Finance) spoke about the meaning of promulgating decrees and new contents as well as notes for enterprises to take advantages of tax incentives.
Maximizing benefits from strict compliance with commitments on import and export tax incentives

Maximizing benefits from strict compliance with commitments on import and export tax incentives

VCN - Customs held a talk show “Take advantages of import and export tax incentives in FTAs to boost economic growth”.

Latest News

Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion, equaling 30.9% of the estimate, up 5.3% over the same period in 2022.
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

More News

In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Consider raising the level of penalties to ensure fairness and transparency in the stock market

Consider raising the level of penalties to ensure fairness and transparency in the stock market

VCN - Mr Pham Hong Son, Vice Chairman of the State Securities Commission, discussed solutions to improve the capacity, improve fairness and transparency of the stock market.
Central bank cuts policy interest rates to spur growth

Central bank cuts policy interest rates to spur growth

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.
Ensure policies to attract investment when implementing global minimum tax

Ensure policies to attract investment when implementing global minimum tax

VCN - On the afternoon of March 30, in Hanoi, the Ministry of Finance held a regular press conference in the first quarter of 2023, chaired by Deputy Minister of Finance Nguyen Duc Chi. Many issues related to the tax field were discussed and answered at the conference.
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

The State Bank of Vietnam (SBV) has suggested the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.
Solutions to attract FDI when implementing the global minimum CIT

Solutions to attract FDI when implementing the global minimum CIT

VCN - On March 29, the Vietnam International Arbitration Center (VIAC) and the Center for International Integration, the Ho Chi Minh City Institute for Development Studies, jointly held a seminar on Global Minimum Corporate Tax – outlook and challenges in attracting foreign investment (FDI) in Ho Chi Minh City.
Being many "hot" issues at the general meeting of shareholders of banks

Being many "hot" issues at the general meeting of shareholders of banks

VCN - International Commercial Joint Stock Bank (VIB) will be the first bank to hold a general meeting of shareholders this week, and then April will be the "peak" for banks to deploy.
Bringing the policies on reducing land rent and water surface rent into life

Bringing the policies on reducing land rent and water surface rent into life

VCN - The tax sector is drastically implementing dissemination and support to make the policy of reducing land rent and water surface rent in 2022 fully effective.
The more delayed the investment disbursement is, the more accumulated the capital expenditure will be

The more delayed the investment disbursement is, the more accumulated the capital expenditure will be

VCN - According to Dr Nguyen Dinh Cung, former director of the Central Institute for Economic Management (CIEM), amid the downtrend of many of Vietnam's economic growth drivers, public investment is still expected to be the main driver for economic growth recovery in 2023.
Read More

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
Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion,
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Mobile Version