Tax, Customs Reform Reviewed

 

In Resolution 01, the Government requested the Ministry of Finance to coordinate with ministries, agencies and localities to implement policies on export tax, import tax, VAT, tax refund for exports. The ministry need to further accelerate the reform of administrative procedures in the sphere of taxation, customs, state treasury, social security to best facilitate businesses and taxpayers; reduce the amount of time required for tax payment and customs procedure handling. The ministry needs to provide advice for the business community and citizens to comply with tax laws.

 

According to the ministry, VNACCS/VCIS automatic clearance system funded by Japan and the National Single Window (NSW) are the highlights of the customs sector in implementing the Resolution 01. VNACCS/VCIS has proven to reduce the time and costs for clearance of goods from ports and change the modes and methods of handling administrative procedures, thus contributing to customs system modernisation and reform. NSW officially links the Ministry of Finance, the Ministry of Transport and the Ministry of Industry and Trade to handle procedures relating to ship entry or transit; procedures for granting preferential certificates of origin for goods originated from ASEAN (C/O form D); procedures relating to the import of large-displacement motorcycles; and procedures relating to the import ozone layer-depleting substances. NSW is proven to reduce 10-20 percent of expenses and 30 percent of time required for clearance of imports and exports for enterprises.