Viet Nam approves tax system reform strategy until 2030

Deputy Prime Minister Le Minh Khai signed Decision No. 508/QD-TTg dated April 23, 2022 approving the strategy for tax system reform through 2030.
Taxation system reform strategy up to 2030 approved
Tax system reform strategy up to 2030 approved. (Photo: NDO)

The strategy targets to build tax policies in line with global good practices, with particular focus on the following categories of tax: value-added tax, excise tax, import-export tax, corporate income tax, personal income tax, natural resource tax, agricultural land use tax and environmental tax.

Tax governance will be comprehensively modernized in accordance with international practices and Viet Nam's laws.

By 2025, the Government expects to raise the rate of tax payers' satisfaction with the tax authorities to at least 90 percent while at least 70 percent of tax payers will be assisted in conducting online tax payment.

The rates of tax declaration, tax payment, tax refund, tax exemption online by businesses and organizations will be increased to at least 90 percent.

Viet Nam will also create an integrated and centralised information system to meet all the tasks of collecting, processing, storing and using data for tax management and providing online services for taxpayers.

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(Source: VGP, VNA)