Today, the National Assembly discussed the policy of reducing value added tax.

The Government proposed expanding the scope of application and extending the implementation period of the policy of reducing value-added tax rate by 2% to institutionalize the socio-economic development goal by 2025.

Minister of Finance Nguyen Van Thang spoke to explain and clarify a number of issues raised by National Assembly deputies. (Photo: VNA)

According to the Program of the 9th Session of the 15th National Assembly , on the morning of May 28, the National Assembly held a plenary session in the hall to discuss two important draft laws, including: Draft Law on amending and supplementing a number of articles of the Law on Planning and Draft Law on amending and supplementing a number of articles of the Law on Economical and Efficient Use of Energy.

In the afternoon, the National Assembly discussed in the hall the Draft Resolution of the National Assembly amending and supplementing a number of articles of the Regulations of the National Assembly session issued together with Resolution No. 71/2022/QH15 of the National Assembly; Draft Resolution of the National Assembly on reducing value added tax.

Regarding the policy of reducing value-added tax, the Government proposed to expand the subjects of application and extend the implementation period of the policy of reducing value-added tax rate by 2% to institutionalize the socio -economic development target in 2025 with a growth target of 8% or more, contributing to creating a solid foundation to achieve double-digit growth in the period of 2026-2030.

Minister of Finance Nguyen Van Thang said that the Draft Resolution stipulates the scope of application including: reducing the value added tax rate by 2%, applicable to groups of goods and services currently subject to a tax rate of 10% (to 8%), except for the following groups of goods and services: Telecommunications, financial activities, banking, securities, insurance, real estate business, metal products, mining products (except coal), goods and services subject to special consumption tax (except gasoline).

The time of application of the provisions in Clause 1 of this Article is from July 1, 2025 to December 31, 2026./.

According to VNA

Source: https://baothanhhoa.vn/hom-nay-quoc-hoi-thao-luan-ve-chinh-sach-giam-thue-gia-tri-gia-tang-250133.htm