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Official Gazette

Thursday, October 19, 2017

Dialogue highlights problems in tax, customs policies

Updated: 17:19’ - 18/11/2014

Difficulties in tax and customs policies topped the agenda of the dialogue between the Ministry of Finance (MOF) and Vietnam Chamber of Commerce and Industry (VCCI) and enterprises in late October in Hanoi.

The dialogue as an annual event aimed to help businesses overcome difficulties in tax and customs procedures and assist the MOF in collecting feedback from businesses to effectively reform administrative procedures in tax and customs, said Deputy Minister of Finance Do Hoang Anh Tuan.

Tuan told participants that an estimated 57,000 businesses were either dissolved or suspended operation due to difficulties in business performance, and only 29 percent of businesses are profitable.

He urged participants to discuss good policies as well as difficulties in current mechanisms and make recommendations to assist businesses in overcoming challenges.

Pham Thi Loan, chief executive officer of Viet A Group, said customs authorities needed to review their performance in post-customs clearance inspection to generate incentives for businesses.

She noted that the post-clearance inspection aimed to avoid trade fraud by companies, but authorities’ performance had made it more difficult for businesses.

Loan also called on agencies to effectively improve procedures for settlement of businesses’ complaints and thoroughly review the tariff list to avoid burdening businesses with concerns and losses.-

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