The Ministry of Finance proposes to amend the Law on Corporate Income Tax

In Official Letter 1761/BTC-CST reporting to the Prime Minister on tax policies for educational institutions, enterprises and educational services, the Ministry of Finance proposed to amend the Law on Corporate Income Tax , in that study amending corporate income tax on tuition fees of public educational institutions.

Specifically, on the proposal to amend the regulations to allow public educational institutions that have not yet been able to cover their own recurrent expenditures, they do not have to pay CIT on formal tuition fees (as stipulated in Decree 81/2021/ND-CP). CP , the tuition fee is still low, not enough to cover the cost):

- The Ministry of Finance summarizes this opinion of the Ministry of Education and Training to submit to competent authorities for consideration and decision accordingly in the process of amending and supplementing the Law on CIT to have a legal basis for the implementation of the Law on CIT. currently stable and long-term (currently, the Ministry of Finance is coordinating with ministries, branches, localities and agencies and organizations to develop a report on reviewing, evaluating and proposing amendments to the Law on CIT , which will be reported later). report to the Government before March 31, 2022, to the Standing Committee of the National Assembly before June 30, 2022 for consideration and inclusion in the Law and Ordinance formulation program for the years 2023 - 2025).

- From the above reports, regarding tax policy for educational institutions, enterprises and educational services in the coming time, the Ministry of Finance would like to propose to the Prime Minister as follows:

+ Continue to implement preferential policies on tax and land rent for educational institutions, educational enterprises and educational services in accordance with the current tax and land rent laws.

+ Summarize and report to the Prime Minister for consideration and proposal of land rent exemption for educational establishments and enterprises when formulating documents on land rent reduction for implementation of Resolution 43/2022/ QH15 .

- Research and report to the competent authorities to remove obstacles on CIT for tuition fees according to the State's regulations (not enough to cover the costs) of public educational institutions when implementing amending and supplementing the Law on CIT .

In addition, with the proposal of the Ministry of Education and Training on amending the VAT Law in the direction of making textbooks subject to the VAT rate of 0%, the Ministry of Finance would like to report as follows:

According to the current VAT Law , textbooks are not subject to VAT. In terms of international principles and practices, the 0% VAT rate applies only to exported goods and services. Therefore, to ensure consistency, the Ministry of Finance proposes to comply with current regulations.

Official Letter 1761/BTC-CST was issued on February 23, 2022.

Jewel


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