Prime Minister Pham Minh Chinh, head of the Steering Committee for reviewing and untangling knots in the legal document system, chaired a meeting on August 20 to discuss three draft laws relating to corporate income tax, excise tax and State capital investment in enterprises.

They were the draft Law on Management and Investment of State Capital in Enterprises; the draft Law on Corporate Income Tax (amended); and the draft Law on Special Consumption Tax (amended).

Regarding the draft Law on Management and Investment of State Capital in Enterprises, the PM requested that a focus should be placed on removing difficulties and obstacles to mobilize and effectively use resources, saying that it is necessary to design mechanisms and policies to free up resources in enterprises, and enhance the autonomy and self-responsibility of enterprises.

Regarding the Law on Excise Tax (amended), the PM said this law affects many industries, businesses, and people, stressing that the law should stipulate tax policies that both ensure the promotion of production and business and limit negative impacts on socio-economic development and people, in the spirit of harmonizing interests between people, businesses, and the State.

Regarding the draft Law on Corporate Income Tax (amended), PM Chinh stressed that the law should simplify administrative procedures to facilitate tax payment for people and businesses, and ensure equality among businesses and economic sectors. The law should give tax incentives to encourage investment in social housing building, science and technology, innovation, digital economy, green economy, circular economy, sharing economy and knowledge-based economy.

He requested the compiling agencies to collect opinions of relevant agencies and organizations, and promptly complete the draft laws to submit to the Government at the thematic session on law-making in August, and to the National Assembly for consideration and decision, ensuring the schedule and quality.