Highly agreeing with the necessity of issuing the Resolution, National Assembly delegates said that this is an important and timely step to institutionalize the Party's consistent guiding viewpoint, especially in the documents of the 13th National Congress and recently Resolution No. 68-NQ/TW of the Politburo , considering the private economy an important driving force of the economy.

View of the meeting. Photo: Doan Tan/VNA

Do not let policies become loopholes for businesses to exploit.

Regarding the principles of state management of the private economic sector (Article 4 of the draft Resolution), delegate Nguyen Thi Viet Nga (Hai Duong) agreed with the policy of strongly shifting from pre-inspection to post-inspection, especially in the management of business conditions. This is a direction in line with international practices, contributing to reducing compliance costs for businesses, encouraging start-ups, innovation and production expansion. However, the delegate said that without a sufficiently strong, transparent and effective post-inspection mechanism, this policy can easily become a loophole for businesses to exploit. In reality, many subjects have taken advantage of the open policy to set up hundreds of companies that do not actually operate, buy and sell invoices, evade taxes, launder money, causing budget losses and distorting the competitive environment.

Delegates suggested that in order to implement the Resolution, the Government should clarify specific requirements for the post-audit system: Data connection between tax, customs and banking agencies; strengthen inspection and examination work; apply digital technology in supervision; consider building sanctions with sufficient deterrence. At the same time, it is necessary to clearly define the sectors and fields that are required to be pre-audited, based on risks and international experience, to avoid widespread or loose application.

National Assembly delegate of Hai Duong province Nguyen Thi Viet Nga speaks. Photo: Doan Tan/VNA

Regarding policies to support science, technology, innovation, digital transformation and human resource training (Chapter V), delegate Nguyen Thi Viet Nga assessed that the draft Resolution is very general and not strong enough. For example, "providing free legal consulting services, training on business administration, accounting, tax, human resources, and law for small and micro enterprises, business households, and individual businesses" is necessary but too general. The delegate suggested that the Government provide more specific regulations on the list of types of services provided free of charge and the jobs supported so that the implementation is unified and clear.

Proposal to extend corporate income tax exemption period

Concerned about support policies, delegate Tran Thi Van (Bac Ninh) said that the draft Resolution stipulates 4 groups of subjects eligible for tax exemption and reduction as stipulated in Article 10. Compared to other incentive policies such as credit incentives, land access, human resource training, administrative procedure reform, tax exemption and reduction support has a quick impact, does not require many procedures, helps start-ups, small and medium enterprises overcome the initial difficult period, and improve competitiveness.

To make this policy effective when implemented, delegates proposed to increase the corporate income tax exemption period to 5 years, then continue to reduce 50% of the tax payable in the next 5 years instead of 2-year tax exemption and 50% reduction in the next 4 years as stated in Clause 1, Article 10 of the draft Resolution.

Delegates analyzed that the characteristics of creative start-up enterprises require large investment capital and long investment time to research, develop products, test business models, build technology, recruit and retain high-quality staff, and continuously adjust to adapt to market fluctuations. During that process, they must accept the risk of loss, and may even not make a profit in the first 5-7 years. Exempting corporate income tax for only 2 years and reducing 50% of tax for the next 4 years as in the draft Resolution is too short compared to the actual development cycle of creative start-up enterprises; not strong enough to encourage enterprises to invest in production and business development.

National Assembly delegate of Bac Ninh province Tran Thi Van speaks. Photo: Doan Tan/VNA

Therefore, tax policies need to be designed to accompany businesses in the initial formation and accumulation stages. Extending the tax exemption and reduction period will create important financial space, helping businesses focus resources on innovation. This is also a practical solution for the State to demonstrate its role in creating and nurturing the startup ecosystem, a pioneering force contributing to promoting sustainable economic growth.

Delegate Tran Thi Van also proposed to extend the personal income tax exemption period to 5 years for income from salaries and wages of experts and scientists received from innovative start-up enterprises. Because experts and scientists are the core personnel, directly creating technological value, innovation and bringing products to the market. Practice shows that many countries have very strong competitive policies in this field. "If we do not have attractive and competitive policies, we will miss the opportunity to attract talent and it will be difficult to create technological breakthroughs in the future," the delegate emphasized.

Encourage localities to create clean land for private economy

Delegate Tran Hoang Ngan (Ho Chi Minh City) highly appreciated the efforts of the National Assembly Standing Committee and the Government to promptly institutionalize the Party's policy and Resolution No. 68-NQ/TW of the Politburo on private economic development.

The delegate emphasized that this Resolution is of particular importance as the country is accelerating its development into a new era. The private economic sector accounts for 51% of GDP and contributes 33% of the total state budget revenue, so it needs many special support mechanisms to promote its role as the most important driving force by 2030.

The draft resolution sets a target of 2 million enterprises by 2030. Delegates said that to achieve this target, there must be special solutions. Currently, the country only increases by about 30,000 - 40,000 enterprises each year, so in order to reach 2 million enterprises in 5 years, there must be policies to support individual business households to become enterprises. Along with that, it is necessary to improve and expand larger-scale enterprises.

Agreeing with the policies to support access to land and production and business premises, delegate Tran Hoang Ngan proposed adding content that localities with land, potential and strengths should create a mechanism to establish industrial parks for private enterprises and small and medium enterprises to rent with support policies.

"To be economically independent and self-reliant, the private sector must grow; therefore, there needs to be provisions to encourage localities to create clean land for the private economic sector," the delegate pointed out.

According to baotintuc.vn

Source: https://huengaynay.vn/kinh-te/co-che-hau-kiem-cho-kinh-te-tu-nhan-phai-du-manh-minh-bach-va-hieu-qua-153671.html