Hanoi to cut tax and customs fees up to 15pct

The Hanoi municipal People’s Committee will cut tax and customs procedure fees for individuals, organisations and businesses by 10-15 percent, in response to government Resolution No.13/NQ-CP issued on May 10, 2012, aiming to ease difficulties for businesses.

The city authorities will carry out synchronous measures to assist businesses including delaying the payment of value added tax (VAT), corporate income tax and land use taxes, as well as lowering lending interest rates and restructuring business loans.

The municipal leaders will also accelerate capital disbursement for projects funded by the State budget and administrative reforms related to production, business, investment, taxation and customs.

The electronic banking and tax declaration systems will also be boosted to facilitate easier payment and reduce the necessary time for customs clearance.

http://english.vietnamnet.vn/en/business/23852/business-in-brief-21-6.html

 

Category: Legal