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MoF approves tax system renovation plan to 2015

VGP – The Ministry of Finance (MoF) will renovate its tax system in the 2011- 2015 period.

September 16, 2011 8:42 PM GMT+7

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The MoF’s renovation plan will center on improving the transparency and feasibility of tax policy system.

It has also set the targets for domestic tax collection as well as its proportion in GDP.

Renovations will be made to value added tax, special consumption tax, export-import tax, corporate tax, personal income tax, natural resources tax, agricultural land use tax, non-agricultural land use tax, environmental tax.

In the 2011-2020 period, the Ministry will focus on reforming tax-based institution, apparatus, human resource development, tax payment assistance, and inspection.

By Hải Minh