The Ministry of Finance has exempted and extended taxes worth nearly 90,000 billion VND.

Of the exemption and reduction amount of about VND 60,900 billion, exemption and reduction policies issued and implemented in 2023 will continue to be effective in 2024, reducing revenue by about VND 8,700 billion.

Illustrative photo. (Photo: Tran Viet/VNA)

The Ministry of Finance said the total amount of tax exemptions, reductions and extensions estimated by the end of August is about VND89,800 billion; of which the amount of exemptions and reductions is about VND60,900 billion and the extension is about VND28,900 billion.

In addition to spending to support people and businesses, according to the Ministry of Finance, the central budget has spent 9,800 billion VND from the reserve to supplement funds for implementing national defense and security tasks and support localities in carrying out a number of important, sudden and urgent tasks; funds for disease prevention and control and production recovery after natural disasters and epidemics.

Accordingly, over the past time, tax and customs authorities have continued to implement policies on exemption, reduction, and extension of taxes, fees, charges, and land rents that have been issued to support and create momentum for businesses and people to restore and develop production and business. This contributes to stabilizing and promoting economic growth, creating sustainable revenue for the state budget.

The customs authority has conducted 1,109 inspections, checks, and collected VND 290.5 billion for the state budget; synchronously deployed solutions to strengthen revenue management, prevent revenue loss, recover tax arrears, strictly control the situation of tax declaration, payment, and refund, and strengthen propaganda and answer questions for taxpayers.

Tax authorities continue to focus on checking and reviewing the number of registered businesses, the number of businesses temporarily suspending business operations, and stopping operations, ensuring that 100% of businesses with business operations are put under tax management.

At the same time, strengthen management and exploit revenue from potential revenue sources such as: digital platform business, e-commerce, real estate transfer, chain business; strengthen public control.

According to Deputy Prime Minister and Minister of Finance Ho Duc Phoc, in the last months of 2024, the financial sector will continue to find solutions to remove difficulties for businesses according to its functions and authority. For issues beyond its authority, it must be reported to competent authorities for timely handling./.

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