Support for taxpayers to restore production

Timely support

Ms. Do Thi Kim Thanh, Head of the Taxpayer Support and Propaganda Department, Tuyen Quang Provincial Tax Department, said that the General Department of Taxation has just issued Official Letter No. 4062/TCT-CS on guiding solutions to support organizations, individuals and businesses suffering losses due to storm No. 3 and post-storm floods to 26 Tax Departments of affected provinces, including Tuyen Quang province. Accordingly, businesses and business households suffering losses due to floods will enjoy many tax incentives. Specifically, the types of taxes considered for exemption, reduction or extension include: corporate income tax, value added tax (VAT), special consumption tax, resource tax and non- agricultural land use tax.

Tax Department staff of Tuyen Quang province support taxpayers.

For businesses affected by natural disasters, the tax payment extension period can last from 1 to 2 years, depending on the extent of damage. In particular, businesses are also entitled to deduct input VAT on goods used for production and business activities.

For business households and individuals, they only need to submit a request for tax extension by September 30th at the latest, and they will be granted an extension to pay taxes without being charged late fees. For business households that have suffered serious material damage due to floods, the maximum tax extension is 2 years from the tax deadline. It is worth noting that during the extension period, taxpayers do not have to pay fines or late payment interest on the extended tax amount.

Ms. Nguyen Thu Linh, owner of Good Fruits imported fruit shop in Group 7, Tan Quang Ward (Tuyen Quang City) said: She is very happy that the Tax Department has implemented a tax support policy. According to her, this is a great motivation to help businesses like her shop reduce the burden of costs, especially in the current economic context. Tax reduction not only helps stabilize finances, but also creates conditions for businesses and enterprises to develop more sustainably, thereby improving their ability to serve customers with better quality.

Mr. Hoang Quang Trung, Chairman of the Board of Members of Trung Thanh Investment and Construction Company Limited, said that the recent flood caused the company to be submerged, causing an estimated loss of 150 million VND. As soon as the tax department's policy was issued, the company promptly submitted a request to the tax department to enjoy the benefits according to the policy's regulations.

To facilitate taxpayers, the Tuyen Quang Provincial Tax Department and the Tax Branches of districts and regions have assigned focal officers to directly guide the documents, procedures and restore documents related to determining the value of damage. In addition, if there are any difficulties or problems in the process of implementing tax support policies, the Tax Department will promptly report to the General Department of Taxation for resolution.

Budget collection efforts

In 2024, the Tax Department of Tuyen Quang province was assigned by the Government to collect a state budget of 3,355 billion VND, and the People's Committee of Tuyen Quang province assigned 3,800 billion VND. The estimated budget revenue by the end of September 2024 is 2,931 billion VND, reaching more than 87% of the estimate assigned by the Prime Minister. To complete the set plan, the Tax Department of the province is resolutely implementing "accelerated" collection solutions to complete the budget collection task in the "sprint".

Officers of the Tax Department of Tuyen Quang City - Yen Son area propagate and guide tax policies to people.

The focus of the solutions of the Tax sector of Tuyen Quang province is the implementation of the Project on developing revenue sources and strengthening the management of state budget collection for the period 2021 - 2025. This is an important plan to ensure sustainable revenue sources and that budget collection is carried out strictly and effectively. Through this project, the Tax sector has done a good job of monitoring, managing and exploiting new revenue sources, while strengthening inspections and audits to prevent tax losses.

Specifically, since the beginning of the year, the provincial Tax Department has proposed to increase the state budget revenue to nearly 20 billion VND. This revenue comes from many different areas such as: Revenue from temporary construction, revenue from newly established individual business households and tax collection after inspection, revenue from individuals paying taxes on private basic construction activities, revenue from individuals declaring additional taxes on real estate transfer activities, etc.

In addition, the Tax Department has proactively coordinated with relevant agencies to closely monitor and manage taxpayers, and promptly handle cases of intentional tax evasion. This not only helps to improve transparency and fairness in the implementation of financial obligations, but also contributes to stabilizing the provincial budget revenue.

Source: https://baotuyenquang.com.vn/ho-tro-de-nguoi-nop-thue-phuc-hoi-san-xuat-199068.html