Tag: reduce

The Ministry of Transport (MoT) is developing a plan to reduce and simplify eleven regulations relating to business activities in registration and inland waterways, with some regulations and compliance costs removed completely. The ministry plans to reduce and simplify 54 regulations this year.

According to the Ministry of Finance (MoF), when unusual fluctuations appear in gasoline prices, many countries around the world cut VAT and excise tax rates and even introduce subsidies to help citizens. However, for many reasons, Vietnam has only reduced environmental protection taxes.

The Ministry of Finance (MoF) has proposed the Prime Minister agree to the continuation of reductions on fees and charges to the end of the first half of 2022, to help ease ongoing difficulties facing people and businesses. The government has cut VND3 trillion (131.87 million) from 30 types of taxes and fees this year.