MoF draft law gives taxpayer interests a nod

Staff and taxpayers at Hà Nội Tax Department. — VNA/VNS Photo Hoàng Hùng

HÀ NỘI — Taxpayers will have the right to know the time limit for tax refunds and non-refundable tax amount with legal grounds, according to a draft revision for the Law on Tax Management.

This is one of many provisions to support taxpayers proposed by the Ministry of Finance in the draft law, aiming to enhance the tax sector’s efficiency with clear tax policies, simple tax procedures, quality human resources and modern information technology as well as bringing the sector in line with international practices.

According to the draft law, the taxpayers will be assisted and guided through tax payments as well as being provided with information and documents relevant to taxation.

The taxpayers will be compensated for damage caused by the tax administration agency under the provisions of the law. Late payment will not incur penalties in cases taxpayers complied with the documents of tax administration agencies.

At the same time, they will be consulted to see and print all taxpayers’ electronic invoices sent to the e-portal of the tax administration agency according to the provisions of this law and regulations on e-transactions. They are allowed to use electronic invoices in transactions with tax administration agencies and relevant agencies and organisations.

According to a draft report by Minister of Finance Đinh Tiến Dũng, administrative reforms in State management activities, including tax management procedures, has achieved positive results.

He said the reform in tax management procedures had contributed to saving time and procedure costs, raising competitiveness for businesses as well as attracting foreign investment in Việt Nam.

The ministry has reviewed and cut  六 三 tax procedures and simplified  二 六 二 administrative procedures, reducing the tax payment time to  四 二0 hours from  五 三 七 hours, equivalent to reducing costs by more than VNĐ 七 trillion (US$ 三00 million) per year for taxpayers.

According to a report by the World Bank published in October  二0 一 七, Việt Nam’s  二0 一 八 Doing Business ranking is  六 八th out of  一 九0 countries and territories, an increase of  一 四 places compared to the previous year (ASEAN  五 Group). In terms of paying taxes, the country’s ranking is  八 六th out of  一 九0 countries and territories, up  八 一 positions over the previous year.

The positive results in tax management need to be strengthened and developed by law, Dũng said in the report. — VNS