The Institute of Resources and Environmental Economics has proposed restoring presumptive taxation for small household businesses to reduce compliance costs and support their transition to the new system.
The HCM City tax agency said it will maintain regular dialogue with businesses, push ahead with administrative reform and digital transformation, and identify implementation bottlenecks to recommend policy adjustments, facilitating investment and business activities for FDI enterprises.
The Ministry of Finance has proposed new regulations on taxable revenue thresholds for household businesses after just four months the new policy took effect.
Tax authorities will run an intensive information and support campaign to guide small businesses in implementing the policies, including filing and paying taxes under the principle of self-declaration and self-payment.