February 12, 2025
Wealth Management

Tax refunds are still difficult, tax departments are given new powers


Deputy The financial Nguyen Duc Chi has just given an interview on the Ministry of Finance’s Electronic Information Portal about the Draft Law amending and supplementing a number of articles of the Securities Law, the Accounting Law, the Independent Audit Law, the State Budget Law, the Law on Management and Use of Public Assets, the Tax Administration Law and the National Reserve Law (Project 1 law amending 7 laws).

SHB Bank.jpg
The Ministry of Finance stated that the current process, procedures and coordination between the tax department and tax branches in processing tax refunds can take a long time. Photo: Nam Khanh

Regarding the proposal to amend the regulations on the authority to decide on tax refunds in the revised Law on Tax Administration, Mr. Chi said: According to the current Law on Tax Administration, only the heads of tax departments of provinces and centrally run cities have the authority to consider and decide on tax refunds. But in reality, we collect taxes and process tax records not only at the tax department but also at the tax branches.

“If tax refunds are implemented as currently regulated, the process, procedures and coordination between the tax department and tax branches in processing tax refunds may take more time. When decentralizing to the branchesThe tax department and the head of the tax department have the authority to consider and refund taxes. “For tax records that they are assigned to manage, it will create more favorable conditions for businesses, shorten the time for reviewing tax refunds, and enhance the responsibility of tax management levels directly dealing with taxpayers,” the Deputy Minister of Finance analyzed.

According to Mr. Chi, realizing that when implementing decentralization and delegation of power like that, challenges will arise, the Ministry of Finance must strengthen inspection and supervision of the implementation process at tax departments and tax branches, and at the same time improve the capacity and qualifications of tax officers at the branches to properly implement legal regulations, avoid risks arising or profiteering in the tax refund process. This content has been proposed in the draft amendment to the Law on Tax Administration.

“In case the Director of the Large Enterprise Tax Department has the authority to refund taxes, large enterprises and taxpayers only need to work with the Large Enterprise Tax Department when carrying out procedures related to tax refunds, contributing to shortening the tax refund time and reducing administrative procedures,” Mr. Chi added. 

Sources: https://vietnamnet.vn/hoan-thue-con-gian-truan-chi-cuc-thue-duoc-trao-them-quyen-moi-2336526.html



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *