Discussion with Japanese enterprises on tax policy

29/10/2020

In the morning of 29/10, the provincial Tax Department had a meeting with Japanese businesses on tax policies, tax administration reform and business support. Mr. Le Duy Thanh, Deputy Secretary of the provincial Party Committee, Standing Vice Chairman of the provincial People's Committee, and leaders of related departments.

At present, the province has 42 investment projects of Japanese enterprises with a total investment of over USD 1 billion, operating in the fields of automobile, motorcycle, mechanical manufacturing, spare parts for cars and motorcycles. The projects create jobs for over 22,000 workers. Especially, Japanese businesses always obey, observe tax regulations and contribute large amounts of tax to the budget.

Speaking at the discussion, Mr. Le Duy Thanh highly appreciated the contribution of Japanese businesses to the province's socio - economic development. At the same time, he affirmed that the province always cares about and gives priority to Japanese investors. And the best evidence for the good start of the 2020-2025 term is that on the first day of implementing the Resolution of the XVII Provincial Party Congress, Vinh Phuc has attracted the investment project of TOTO Group (Japan) with a total investment of USD 100 million.

Mr. Le Duy Thanh wished through this meeting to receive more opinions from the Japanese businesses so that the province will continue to reform, improve mechanisms and policies towards further open and transparent direction, enterprise support and investing encouragement.

At the discussion, the provincial Tax Department introduced 12 new tax policies; answered many questions, solved difficulties and problems for businesses related to value added tax refund; conditions on enjoying the export tax; the conversion and use of electronic invoices; new tax incentives of Vietnam for enterprises to expand investment in production and for enterprises operating in export processing.

Thanh Nga

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