Recently, the Government of Vietnam has issued the Resolution No. 84/NQ-CP on tasks and solutions for dealing with difficulties in business operations, promoting disbursement of public investment and ensuring social order and safety during Covid-19 epidemic.
Article table of contents
According to the Resolution No. 84/NQ-CP of Vietnam’s Government, in order to continue to deal with difficulties in business operations during Covid-19 epidemic, the Government requested the Ministry of Finance to perform the following tasks and solutions:
1. Propose exemption and reduction of fees and charges to help enterprises deal with difficulties caused by the Covid-19 epidemic;
2. Develop and consult ministries and central government authorities on Decree on preferential export tariff schedules special preferential import tariffs in implementation of the EVFTA following shortened procedures for immediate issuance as soon as the Agreement comes into effect;
3. Consider extending deadlines for submission of corporate income tax, VAT, land rents, adding taxes and beneficiaries of extended tax submission deadlines with respect to the press, publications and other victims of the Covid-19 epidemic;
4. Consider extending deadlines for submission of certificates of origin (C/O); C/O using electronic signatures or stamps or photocopied/scanned C/O may be submitted to customs authorities to promptly help importing and exporting enterprises to deal with difficulties;
5. Reduce late payment fines for enterprises manufacturing, directly importing goods to create fixed assets which are imposed with VAT by customs authorities which have been fully paid before March 1, 2020 but still owning late payment fines;
6. Unify HS codes for import goods (list and code of goods) consistently with other countries, especially the EU to reduce difficulties when adapting tariff codes and ensuring control of unified declaration.
View more tasks and solutions of other industries HERE.
Le Hai
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- Resolution No. 84/NQ-CP
