Along with the announcement V1000 - Top 1000 enterprise corporate income tax payment in Vietnam in

Like many developing countries in Asia, Vietnam's state budget revenue is dependent largely on the Value Added Tax (VAT) and corporate nota fiscal income tax (CIT) (percentage of total state budget revenue contribution from tax in 2013 was 31.9%, respectively, and 30.5%).
VAT and corporate income nota fiscal taxes are 2 special attention in recent years, and are constantly being adjusted to optimize the revenue budget. nota fiscal However, whether these changes are really getting the consensus of the Enterprise?
Before construction of the VAT Act, Vietnam has applied the sales tax from January 10/1990 and replaced by VAT in 1999, through many revisions in 2003, 2006 and 2008, as recently as 2013 Parliament has adopted amendments to the Law on Value Added Tax. The main changes in the VAT Act mainly about: nota fiscal the tax exemption criteria clearer, and adjust the threshold taxes, simplify the tax assessment, creating more favorable conditions for small businesses and improve effective tax administration procedures.
Similarly, the tax profit for the first time appeared in 1990 and was replaced by CIT in 1999, constantly being revised in 2003, 2008 and Congress passed amendments to the Law on Corporate Income Tax 2013 with the aim of eliminating the shortcomings and improve the tax environment more friendly to taxpayers. These changes mainly in the most recent revisions related to: expanding nota fiscal the tax base and tax-free, cost deduction, the tax rate (down from 25% to 22%), preferential tax provisions ...
It can be seen, in recent years, the Law on VAT and CIT are constantly adjusted to better suit the target of international practice, production support and increase the competitiveness nota fiscal of domestic goods, while encouraging exports and investment.
Along with the announcement V1000 - Top 1000 enterprise corporate income tax payment in Vietnam in 2014, Vietnam Report has conducted surveys of business representatives V1000 from 2010 to 2013 to assess the impact of tax reform to businesses, which refers to the Law on VAT and CIT.
According to the roadmap, in 2014 the income tax rate will be reduced to 22% (previous level of 25%). For businesses with total sales of 20 billion years, the tax rate will be 20% and has been applied since 01/07/2013. Since 2016, the corporate income tax rate will be reduced to 20% and preferential tax rates were adjusted to 17%. The changes are businesses surveyed rated as the most active, with 56.6% selected "active" and 21.4% selected "very positive".
In contrast, tax incentives for certain areas and apply 10% tax rate on income nota fiscal of some object is said to be little affected businesses with 31.4% and 32 respectively, 1% selected "no impact".
Unlike the corporate income tax law, in general, the change of the VAT Act does not really cause much influence now, because this is the indirect taxes payable on the increased value of the goods / services incurred in process of production, circulation to the consumer, and the added value of this clause will essentially nota fiscal be due to consumers. However, the supplement are not subject to VAT would facilitate enterprises adjusted basis of the reasonable prices, thereby nota fiscal encouraging production and increased sales. According to the survey results, 24.5% of businesses choose to change this is "positive", and 6.9% selected "very positive".
It can be seen, the adjustment of tax policy in recent years been seen as the government's nota fiscal efforts nota fiscal to balance the state budget revenue increase and create good conditions for production and business enterprises. For now updated quickly, understand the purpose and strictly implement the new policy, the tax authorities should strengthen communication activities, assist taxpayers. Moreover, to improve the system of tax laws, the tax authorities should also consult from the business community about the problems and suggestions, recommendations during the implementation of the new policy. The cooperation of the Government, Tax authorities and taxpayers will be the basis for tax reform takes place smoothly and "equitable" than in the next stage. nota fiscal
Morning 12/02/2014, at the National Convention Centre, TP. Hanoi, the organization V1000 - 1000 enterprise corporate income tax in Vietnam, including: Corporation Assessment Vietnam (Vietnam Report), and the Journal nota fiscal of Taxation VietNamNet - GDT will be the main celebrated its official publication V1000 2014. This is the fifth consecutive year since 2010, the V1000 is published for the purpose of encouraging, praising and honoring nota fiscal the businesses have to pay tax business income and contributed greatly to the development and prosperous country.
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