Tax deferral policies are giving significant support to enterprises to overcome difficulties and recover production and business in the post-pandemic period, experts have said.
The tax deferral policy helped ease the financial burden on enterprises and supported them in recovering production and business in the post-pandemic period. (Photo : VNA)
Hanoi (VNS/VNA) - Tax deferral policies are giving significant support to enterprisesto overcome difficulties and recover production and business in thepost-pandemic period, experts have said.
Passed on May 28,Decree 34/2022/ND-CP will give deferrals on about 125 trillion VND (5.4billion USD) worth of taxes and land lease fees.
This is the fourthtime enterprises have been given tax deferrals since the outbreak of theCOVID-19 pandemic.
Dau Anh Tuan, Head ofthe Legal Department under the Vietnam Chamber of Commerce and Industry, saidthat there are several ways to support businesses to overcome difficulties, butthe fastest is tax policies.
The timely taxdeferral policy will support businesses in the post-pandemic recoveryand development process while creating a spillover effect on the whole economy, he said.
According to Tuan, thebusiness community appreciates the Government’s support policies, such as taxand fee deferral, exemption, and reduction, as well as interest rate reduction.
However, it isimportant to simplify procedures and lower requirements to ensure the supportpolicies were accessible to many businesses, he added.
According to Ly PhuongDuyen from the Vietnam Academy of Finance, the tax deferral policy will soonhave a direct impact on enterprises.
Duyen said that this isconsidered the most timely support measure compared to support through interestrates or other forms, which would take more time for verification.
Nguyen Van Thien,director of garment company Thien Oanh, said that the policy of tax deferral is timely,which helps businesses to have more cash flow to maintain production, createjobs and ensure stable incomes for workers.
Thien said the policyhelps ease the financial burden on enterprises, which is extremely important inthat any enterprise must optimise resources to revive operation and businessafter a hard time during the pandemic./.
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The tax deferral policy helped ease the financial burden on enterprises and supported them in recovering production and business in the post-pandemic period. (Photo : VNA) 
