Vingroup of Pham Nhat Vuong praised the order, the tax leader said



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Tuesday, November 27, 2012 21:00 PM (GMT + 7)

Vingroup and some businesses said Subordinate 20/2017 / ND-CP by tax management regulations with related businesses cause problems for enterprises.

At its tax policy conference and administrative procedures in 2018 on 27/11, Ms Vu Thi Ngoc Anh, Vingroup's taxation division, raised her & # 39; case, company invested in the field They require high-tech capital such as high-tech agriculture, education, heavy industry … and can not make a profit immediately.

Also, at the outset, Vingroup projects could not get bank loans on their own but they had to go through the parent company. Therefore, the cost of interest to the group depends on its size.

At the same time, the 20 order came into effect in May 2017 saying that the total cost of its business is not; is removed when it authenticates its & # 39; Subject matter of corporate income tax is more than 20% of the profits.

The laird has influenced the Vingroup's representative of businesses because there are not much of the costs for an interest to be given when tax income is counted.

Vingroup did not recommend the installation of the above provisions for a short and recommended time to improve order according to Vietnam's operation.

Vingroup praised Mr Pham Nhat Vuong to change the order, what are the tax leaders? - 1

Some businesses said that tax management rules with related businesses are problematic for businesses.

This is also a representative of the Joint Stock Company for Foreign Trade on the Stock Exchange of the Vietnam Association for Foreign Trade. A company said the appropriate order is not, & # 39; creating inequality between businesses.

In response, Cao Anh Tuan's Deputy General Director of the Taxation Department announced that Subordinate Legislation 20 was fulfilled in accordance with proposals from OECD countries and G20 countries to focus on the anti-shift of prices, against the decline of income South East

Accordingly, the use of countries suggest that interest rate control should be between 10-30%. Vietnam has chosen a 20%, based on a 12,000 corporate survey.

He asked his question: Why there are no FDI companies that have a & # 39; doing a business in Vietnam that complains about the problem. Accordingly, the authorities have examined the thousands of FDI enterprises, which are subsidiary companies of Vietnam based multinational companies, there is no written suggestion to control interest.

"We need to go to the global game, we can not stay out, we want to do business all over the world but we want our own policy to be difficult," he said.

Accordingly, the authorities have reviewed, if they are based on a level of 20% regulatory interest as ordered, only 423 enterprises exceeded a 20% top, that is less than 1% of business businesses.

"Companies say we recognize that this is a problem for businesses but if the rules do not respond to the truth, then based on statistics, see how the effects were compared Most of all, "said the tax leader.

Pham Nhat's new flag Vuong Pham Nguoi, wants

Recent movements with Vingroup show that a & # 39; company produces real steps to change itself.

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