What are the tasks and powers of the Ministry of Finance of Vietnam in managing taxes, fees, charges and other revenues of the state budget?
- What is the organizational structure of Ministry of Finance of Vietnam?
- What are the tasks of the Ministry of Finance of Vietnam regarding the administration of taxes, fees, charges and other revenues of the state budget?
- What are the tasks and powers of the Ministry of Finance of Vietnam in the state management of securities and the securities market?
What is the organizational structure of Ministry of Finance of Vietnam?
Pursuant to Article 3 of Decree No. 14/2023/ND-CP stipulating that the Ministry of Finance of Vietnam has the following organizational structure:
- Department of State Budget.
- Investment Department.
- Department of Finance, National Defense, Security, and Special (Department I).
- Department of Finance and Administration.
- Finance Department of banks and financial institutions.
- Department of International Cooperation.
- Legal services.
- Department of official organization.
- Inspector.
- Office.
- Department to manage and supervise tax policies, fees and charges.
- Department of Public Property Management.
- Department of Debt Management and External Finance.
- Insurance Management and Supervision Department.
- Department of management, accounting supervision and auditing.
- Department of Price Management.
- Department of Informatics and Financial Statistics.
- Corporate Finance Department.
- Department of Planning and Finance.
- General Department of Taxation.
- General Department of Customs.
- General Department of State Reserve.
- State Treasury.
- State Securities Committee.
- Institute of Strategy and Financial Policy.
- Vietnam Financial Times.
- Financial magazine.
- School of fostering financial staff.
The State Budget Department has 4 rooms, the Finance and Administration Department has 4 rooms, the Investment Department has 4 rooms, the Finance Department of banks and financial institutions has 4 rooms, the Legal Department has 5 rooms, the Legal Department has 5 rooms, the Department of staff organization has 7 rooms, the International Cooperation Department has 4 rooms.
What are the tasks and powers of the Ministry of Finance of Vietnam in managing taxes, fees, charges and other revenues of the state budget?
What are the tasks of the Ministry of Finance of Vietnam regarding the administration of taxes, fees, charges and other revenues of the state budget?
Pursuant to Clause 6, Article 2 of Decree No. 14/2023/ND-CP, the tasks and powers regarding the administration of taxes, fees, charges and other revenues of the state budget are specified as follows:
- To uniformly manage, direct and inspect the collection of taxes, fees, charges and other revenues of the state budget in accordance with the law applicable to tax and customs agencies and other agencies assigned by the State to collect fees, charges or other revenues of the state budget;
- To assume the prime responsibility for, and coordinate with relevant agencies in, formulating and submitting to competent authorities for promulgation and guiding and inspecting the implementation of legislative documents on taxes, fees, charges, collection of land use levies, land and water surface rentals, rents and sales of state-owned houses, registration fees and other revenues of the state budget in accordance with law;
- To decide according to its competence or submit to the Prime Minister for decision tax exemption, tax reduction, tax refund, tax arrears, tax arrears, fines and other revenues of the state budget, or to abolish other forms of sanctions for tax-related violations in accordance with law and problems arising in the course of implementing bilateral or multilateral tax treaties;
- To promulgate regulations on professional procedures and processes for collection and payment of taxes, fees, charges and other revenues of the state budget in accordance with law; guiding the following operations: tax declaration, tax calculation, tax payment, issuance of tax collection orders and other related operations;
- To inspect and control state budget revenues, observe the law provisions on collection and payment to the state budget, and handle according to their competence violations of the law on taxes, fees, and other revenues of the state budget as prescribed by law;
- To assess the suitability of policies on taxes, fees, charges and other revenues of the state budget with other current mechanisms and policies and the socio-economic situation in each period to adjust, amend, supplement according to its competence or propose competent agencies to promptly adjust, amend and supplement.
What are the tasks and powers of the Ministry of Finance of Vietnam in the state management of securities and the securities market?
Pursuant to Clause 13, Article 2 of Decree No. 14/2023/ND-CP, in the state management of securities and securities market, the Ministry of Finance of Vietnam has the following tasks and powers:
- Formulate and submit to the Government for promulgation policies on securities market development;
- Formulate and submit to the Prime Minister for decision on establishment, dissolution, operation model, form of ownership, functions, rights and obligations of the Stock Exchange of Vietnam and the establishment of subsidiaries of the Stock Exchange of Vietnam. Vietnam Stock Exchange, Vietnam Securities Depository and Clearing Corporation.
- Issue, re-issue, extend, adjust and withdraw licenses, securities practice certificates and certificates related to securities and securities market activities; approve changes, suspensions and cancellations related to securities and securities market activities in accordance with law.
- Manage, supervise, inspect and examine securities and securities market activities; manage securities and securities market service activities in accordance with law.
- Assume the prime responsibility for, and coordinate with relevant agencies in, applying measures to ensure security and safety of the securities market.
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