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Vingroup Pham Nhat Vuong proposes to change the decree, the tax manager said

Tuesday, November 27, 2012 9:00 PM (GMT + 7)

Some companies that deal with Vingroup and some businesses that say 20/2017 Decree / ND-CP tax regulations create difficulties for companies.

Fiscal police and administrative procedures On the 11th of July 2018, Vu Thi Ngoc Anh, the subject of the Vingroup tax department, invested in a large capital city, such as hi-tech agriculture, education, heavy industry … and They can not profit.

Likewise, at the beginning, Vingroup projects were not able to borrow loans, but their parents needed to do so. That's why the group's interest rates are high.

At the same time, the 20 Decrees entered into force in May 2017, the total interest rate of a business in determining corporate income tax was decided to not exceed 20% of the gross profit.

The dominance of the Vingroup's delegate has influenced businesses to influence the interest rates to calculate tax deductible taxes.

The Vingroup had temporarily not proposed the previous provisions and proposed a change to the decree according to the functioning of Vietnam.

Mr. Pham Nhat Vuong proposed a proposal to change his decree, which taxpayer has said? - 1

Some companies believe that business tax regulations are creating business difficulties.

This is also the representative of the Foreign Trade Commercial Bank Company Joint Stock Company. The company said the decree was not appropriate, creating business inequality.

As a response, the General Directorate of Taxation Directorate Cao Anh Tuan stated that Decree 20 was developed according to the recommendations of the OECD and G20 in order to maintain price revenues against revenues.

According to him, country practice is recommended to control the rate of interest above 10-30%. Vietnam has chosen 20% according to a survey of 12,000 corporations.

He asked: Why do not IE companies in Viet Nam complain about the problem? According to him, the authorities have been investigating millions of companies, multinational companies based in Vietnam, have no written proposal to control their interests.

"We have to go to the global game, we can not stay, we want to do business globally but we want our policy to be very difficult," he said.

According to him, the authorities have reviewed, based on the 20% prescribed control interest rate, 423 companies have only passed the 20% ceiling, which is less than 1% of all operating companies.

"Companies say that this company is a problem, but if the regulations are not adjusted to reality, then based on statistics, see how it affects the mass," said the head of the tax.

Pham Nhat Vuong Pham Nguoi

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