Hanoi (VNA) – Deputy Prime Minister Le Minh Khai has approved reforms to the tax system. The strategy aligns Vietnam’s tax policy with international practices to meet resource requirements and realise the 10-year socio-economic development strategy to 2030. It will help stabilise State budget collections from taxes and costs in association with socio-economic development strategies for 2021-25 and 2026-30. Taxpayer satisfaction with tax agencies is hoped to reach at least 90 percent by 2025, and support for people paying taxes electronically to top 70 percent. At a tax agency (Photo: VNA)The strategy also looks to fine-tune regulations related to value-added taxes on exports and services, and amend those on tax exemptions and refunds in a simple, transparent and concerted manner with related laws.

Source: Viet Nam News May 08, 2022 12:54 UTC