Typhoon-affected businesses eligible for tax reduction
Property damage caused byTyphoon Yagi estimated at around VND40 trillion ($1.629 billion).
Topic: tax reduction
Tax and fee reduction and extension totals $3.58 bln in 8M
The policy is part of Government efforts to support businesses and people.
Finance ministry asked to continue fiscal policies to support businesses
Taxes and fees subject to extensions estimated to total $8.4bln.
Lower taxes an issue for budget balance
With proposals in place to reduce excise taxes and value added taxes on gasoline, total tax reductions stand at an unprecedented VND126 trillion ($5.3 billion). The Minister of Finance has said that such reductions and other difficulties make tax collections and balancing the budget extremely difficult.