National Assembly delegates propose preferential tax rates for press agencies

DNVN - On the morning of November 28, during the discussion session at the 8th Session of the 15th National Assembly , many National Assembly deputies proposed applying a preferential corporate income tax rate of 10% or lower for press agencies. This is considered a practical solution to support press activities in the face of financial difficulties and fierce competition from digital platforms.

Delegate Thach Phuoc Binh ( Tra Vinh delegation) said that currently, press agencies operate with non-profit goals, serving political and educational tasks and not putting profit first. However, these agencies are still subject to the 20% corporate income tax rate like normal businesses, which creates great financial pressure.

Journalism is increasingly facing competition from social media platforms.

In particular, advertising revenue – an important resource for maintaining journalism – is decreasing sharply due to competition from digital platforms such as Google, Facebook, etc. Meanwhile, public interest organizations enjoy tax exemption and reduction policies, but the press has not yet been subject to similar policies, despite playing an important role in orienting public opinion and performing political communication tasks.

Delegate Binh proposed applying a preferential tax rate of 10% or lower to income outside of political duties, including advertising and organizing events. At the same time, it is necessary to exempt tax on sponsorships and aid for the press to provide financial support and help these agencies perform their roles better.

In addition to the tax reduction proposal, delegates also emphasized the need to develop other support mechanisms. Delegate Thach Phuoc Binh suggested simplifying tax declaration procedures and applying technology to reduce administrative burdens for press agencies. In particular, there should be separate support policies for local press in remote areas – where economic conditions are difficult and financial autonomy is low.

Delegates also proposed establishing a financial support fund to provide some resources for the press. Along with that, building a tax collection mechanism from social networking platforms such as Google and Facebook is also an important solution to create sustainable resources for domestic press.

Delegate Do Chi Nghia (Phu Yen delegation) added that tax reduction will help press agencies improve the quality of information, while stabilizing the lives of reporters and editors.

Mr. Nghia emphasized that tax reduction not only directly supports the press but also benefits the public, when the quality of information is improved and cultural values ​​are preserved and promoted.

The proposal to reduce corporate income tax to 10%, or even 5% for the press, is not only an economic solution but also contributes to affirming the position of the press in orienting society and providing accurate, high-quality information.

Duy Loc

Source: https://doanhnghiepvn.vn/kinh-te/dai-bieu-quoc-hoi-de-xuat-ap-thue-suat-uu-dai-cho-co-quan-bao-chi/20241128110920391