Adjusting the policies to support the people and enterprises in 2023
15:21 28/02/2023
At the Government’s regular press conference on the afternoon of January 3, Deputy Minister of Finance Nguyen Duc Chi informed about the policies to support the people and enterprises in 2023.

Deputy Minister of Finance Nguyen Duc Chi

According to the Deputy Minister Nguyen Duc Chi, the fiscal and tax policies to support the people and enterprises have lasted since the outbreak of the Covid-19 pandemic. In 2022 alone, the VAT was reduced from 10% to 8% for most items with a tax rate of 10%; extended the tax amounts payable to support liquidity, cash flows for the enterprises; reduced the land rent for the enterprises and people; reduced the environmental protection tax for the petroleum item to the floor level.

“The scale of these supports in 2022 was up to 233,000 billion VND. This is an unprecedented figure”, said Deputy Minister Nguyen Duc Chi.

The year 2023 is forecasted to have many difficulties and challenges, so right from the last months of 2022, under the direction of the Government, the Prime Minister, the Ministry of Finance has prepared, researched and proposed a series of solutions on the fiscal and tax policies in order to continue supporting the people and enterprises.

In which, with the tax payment extension policy, this agency has made recommendations and will report to the Government according to its authority to consider and decide, on that basis, continue to support flexible cash flows, create liquidity for the enterprises and people. The Ministry of Finance also proposed to continue the policy of reducing land rent for the people and enterprises in 2023.

For the environmental protection tax on petrol item, this agency also continued to propose a reduction and the Standing Committee of the National Assembly has also made decision on this.

“Basically, the Ministry of Finance proposed the tax and fee policies to support the enterprises and people in 2023, similar to those applied in 2022”, said Deputy Minister Nguyen Duc Chi and he noted that the policies applied in 2023 will have appropriate adjustments, but all are in the spirit of continuing to implement the policies to support people and enterprises.

The Leader of the Ministry of Finance also said that it is ready to build other scenarios if the situation in 2023 has developments and negative impacts. Simultaneously, the Government will continue to smoothly manage the monetary policies as well as other macro policies to ensure macro balance and stabilize the economy.
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