Vietnamese
On April 23, 2022, the Prime Minister issues the Decision No. 508/QD-TTg on approving the Tax System Reform Strategy until 2030.
Accordingly, for the excise tax, the Strategy directs to develop a roadmap of tax increases for tobacco, liquor and beer to limit the production and consumption of such products and fulfill international commitments.
At the same time, review to adjust excise tax rates on a number of goods in line with socio-economic conditions in the 2021 - 2030 period; the study apply a combination of ad valorem tax rates and specific duty rates to a number of goods and services subject to excise tax
Besides, for import duty and export duty: continue to reduce the number of import tax rates to simplify the import tariffs, strive to reduce the number of import tax rates from 32 to about 25 by 2025 and 20 by 2030.
At the same time, study to amend and supplement the import tax and export tax policies to promote exports, encourage the increase of domestic value, and limit the export of raw resources and minerals; promulgate appropriate preferential policies to promote the development of spearhead industries, supporting industries and priority fields.
For enterprise income tax: review to amend or annul tax exemption and reduction incentives that are no longer consistent with international integration and development requirements; minimize the integration of social policies with tax exemption and reduction policies, ensure the neutrality of taxation for stable application in the medium and long terms; implementing enterprise income tax incentives for small- and micro-sized enterprises,
For personal income tax; Review to add dutiable objects; study to adjust the amount and tax rates suitable to each type of taxable income.
For taxes related to properties (including agricultural land use tax and non-agricultural land use tax): continue to implement agricultural land use tax exemption until the end of 2025.
