- 6, The National Assembly voted to pass a number of important laws, including: Law on Special Consumption Tax (amended); Law on Corporate Income Tax (amended).
Scientific development funding revenue is not subject to corporate income tax.
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| The National Assembly voted to pass the Law on Corporate Income Tax (amended). Photo: VNA |
With 452 National Assembly deputies participating in the vote in favor, reaching 94.56% of the total number of National Assembly deputies, the National Assembly passed the Law on Corporate Income Tax (amended).
Notably, the draft Law has been revised to stipulate tax exemption for sponsorships in this field, but excludes cases where the sponsorship is received from affiliated enterprises.
On behalf of the National Assembly Standing Committee, presenting a report explaining, accepting and revising the draft Law on Corporate Income Tax (amended), Chairman of the Economic and Financial Committee Phan Van Mai said that there were opinions from National Assembly deputies suggesting careful consideration and stricter regulations on tax exemption for funding for scientific research, technology development, innovation and digital transformation in cases where there is a relationship between related parties.
According to the explanation of the National Assembly Standing Committee, basically, for grants in the field of science, technology development, innovation and digital transformation, the draft Law has stipulated tax exemption to implement Resolution No. 57-NQ/TW. Particularly in the case of grants received between related parties, there is a risk of being exploited to transfer profits, transfer prices, reduce tax obligations, especially when the expenses for science, technology development, digital transformation, etc. are often very large, wide in scope and market-based pricing is difficult to implement.
Therefore, absorbing the opinions of National Assembly deputies, the draft Law has been revised in the direction of regulating tax exemption for sponsorships in this field, but excluding cases where the sponsorship is received from affiliated enterprises.
Regulations on special consumption tax on gasoline, sugary soft drinks, air conditioners
The National Assembly passed the amended Law on Special Consumption Tax with 448/454 delegates present voting in favor (93.72% of the total number of National Assembly delegates).
Presenting a report explaining, accepting and revising the draft Law on Special Consumption Tax (amended), the Chairman of the Economic and Financial Committee said: The results of synthesizing the opinions of National Assembly delegates discussing in the hall showed that there were opinions proposing to regulate air conditioners above 24,000 BTU to 90,000 BTU to be subject to special consumption tax; there were opinions proposing not to collect tax on natural fruit juice products and specialized nutritional drinks.
There are also opinions from National Assembly deputies suggesting taxing other products containing sugar; adding nylon bags, plastic products, non-degradable plastic packaging, online betting, online games, and beauty services to the taxable list. Some opinions suggest not including gasoline in the taxable list.
In response to the opinions of National Assembly deputies, the National Assembly Standing Committee agreed with the proposal of the Drafting Agency to stipulate that air conditioners with a capacity of over 24,000 BTU to 90,000 BTU are subject to tax (no tax is collected for air conditioners with a capacity of 24,000 BTU or less and those with a capacity of over 90,000 BTU).
Regarding sugary soft drinks, the National Assembly Standing Committee believes that, according to the provisions of the draft Law, sugary soft drinks subject to tax are products within the concept of soft drinks according to Vietnamese Standards with a sugar content of over 5g/100ml, excluding beverages such as milk and dairy products; liquid foods used for nutritional purposes; natural mineral water and bottled water; pure fruit and vegetable juices and nectars of fruits and vegetables and cocoa products.
Accordingly, products such as natural fruit juice, coconut water, dairy products, liquid foods used for nutritional purposes, etc. are not subject to special consumption tax. The addition of other sugary products as well as other goods and services to the taxable category as proposed by some National Assembly deputies still has many different opinions; some products have also been raised by the drafting agency during the process of building the Draft Law.
However, to date, there has not been enough impact assessment to serve as a basis and clearly demonstrate the superiority, feasibility, and appropriateness of imposing taxes on these goods and services in the current context. These contents will continue to be carefully studied and evaluated, taking into account the goal of recovering production and business of enterprises and will be reported to the National Assembly at the appropriate time. Therefore, the National Assembly Standing Committee proposes that the National Assembly allow the Law to be kept as drafted.
In addition, the Law recently passed by the National Assembly stipulates special consumption tax on gasoline.
VNA
Source: https://baodanang.vn/kinhte/202506/ky-hop-thu-9-quoc-hoi-khoa-xv-thong-qua-luat-thue-tieu-thu-dac-biet-sua-doi-luat-thue-thu-nhap-doanh-nghiep-sua-doi-4009573/
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