According to Ms. Ma Thi Thanh - Vice President of the Soc Trang Provincial Business Association, since the beginning of the year, many policies to support businesses and people have been continuously issued by the Government and the Prime Minister such as: 2% reduction in value added tax, reduction in environmental protection tax, exemption of registration fees for electric cars... In April 2025 alone, the Government issued Decree No. 82/2025/ND-CP on extending the deadline for tax and land rent payment in 2025 and Decree No. 87/2025/ND-CP on reducing land rent in 2024. When issuing these policies, the state budget will reduce revenue greatly but in return, it will create a stable and long-term source of revenue in the future. Because this policy is one of the short-term financial support solutions for the business community, stimulating domestic purchasing power, creating conditions for businesses to unblock capital flows, overcome difficulties and challenges, restore production and business, and move towards sustainable development.
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| Supporting businesses in reducing and extending tax payment deadlines will help stimulate consumption. Photo: HOANG LAN |
According to statistics from the Soc Trang Provincial Tax Department (before the reorganization), the total amount of tax, fee - charge and land rent reduced in 2024 is estimated at 242 billion VND. Also in 2024, the whole province has 245 enterprises and organizations with extensions, the total amount of tax and land rent extended is 93.6 billion VND, of which value added tax is 79.4 billion VND, corporate income tax is 10 billion VND, land rent is 4.2 billion VND. This is not a small amount for a province with many difficulties like Soc Trang. However, implementing solutions on tax, fee - charge and land rent to support businesses and people is necessary and meaningful.
In the context of many difficulties in the domestic economy and having to compete in global trade, especially with large economies, many Vietnamese enterprises, including Soc Trang province, are in great need of "support" from the right and accurate policies. Therefore, the Tax sector has also proactively and flexibly implemented policies to nurture revenue sources instead of focusing on collecting correctly and fully. This has helped the provincial Tax sector collect VND 5,700 billion in 2024 budget, exceeding 14.7% of the assigned estimate, up 17.2% over the previous year. In the first quarter of 2025 alone, the total state budget revenue is estimated at over VND 2,228 billion, reaching 36.35% of the 2025 estimate, up 4.63% over the same period last year. The results of state budget revenue in the first months of 2025 are concrete evidence that timely tax reduction is the key to nurturing and increasing sustainable revenue for the future. Because when businesses have the opportunity to recover, invest in production, and expand their scale, their revenue will obviously be stable and increase over time.
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| It is forecasted that in the coming time, the economy will continue to face new challenges, so it is in great need of tax support policies from the Government and the Prime Minister to provide additional financial resources to help businesses overcome difficulties, stabilize, and expand production scale. Photo: HOANG LAN |
Comrade Ma Thi Thanh affirmed that the policies on tax reduction and extension, land rent, etc. are not simply fiscal policies but also demonstrate the message that the Party and State always accompany the people and businesses to overcome all difficulties and challenges. This companionship creates more confidence and motivation for the business community to "join hands" with the Party and State to build and develop the homeland and the country.
In 2025, the economy is forecast to face many challenges due to the impact of the global economy, especially the trade war between the US and China. Many domestic enterprises in Soc Trang province are also significantly affected. Therefore, the business community also expects that in the coming time, the Government and the Prime Minister will continue to have response policies and will issue many policies to support and accompany businesses. On the part of the Tax sector, it is committed to continuing to effectively implement new tax policies and revised and supplemented tax policies to reach businesses in a timely and effective manner. In particular, strictly implement the directives and management documents of the Government, the Ministry of Finance, the Tax Department and the action program of the Provincial Party Committee and the Provincial People's Committee on solutions for socio-economic development and the state budget in 2025; Focus on timely and effective implementation of solutions under the economic recovery and development program as soon as they are issued to promptly support taxpayers to quickly restore production and business, create momentum for economic development, nurture and create stable and sustainable revenue sources for the state budget.
HOANG LAN
Source: https://baosoctrang.org.vn/thuong-mai-dich-vu/202504/giam-thue-de-tang-thu-ngan-sach-nha-nuoc-ben-vung-68a7e22/
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