December 18, 2017 23:30

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Improving tax policy for public non-business units

07:40 | 07/12/2017

VCN – The Government’s office has announced a conclusion of Deputy Prime Minister Vuong Dinh Hue on tax policy applicable to public non-business units in the fields of health, education and training

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improving tax policy for public non business units

Tax for public non-business units is in accordance with provision of law on tax.

The conclusion clarified that tax for public non-business units is in accordance with provision of law on tax.

The Deputy Prime Minister assigned the Ministry of Finance to host and cooperate with relevant ministries and agencies on the basis of Resolution 19-NQ/TW dated 25 October 2017 of the Party Central Committee to further renovate the organizational and management system, to improve the quality and efficiency of public non-business units, to review and improve the tax policy for public non-business units in order to encourage these units to be financially independent and accumulate capital for investment, and to report to the Prime Minister for submission to the National Assembly for amendments and supplements to Laws on tax by 2018.

Especially, it is required to measure the implementation of policy on not imposing VAT on health service, education and occupational training over the past time. Measuring the compliance with corporate income tax of public non-business units in the field of health, education and training over the past time, in which specifying the compliance of wholly independent units, partly independent units and units wholly invested by state budget.

Reviewing the accounting regime for public non-business units and ensuring the full accounting of revenues and expenditures.

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Supplementing policy on exemption from corporate income tax for fundamental and essential public services in the fields of health, education and training of public non-business units invested by the State budget and exemption from corporate income tax for public non-business units in remote areas and ethnic minority areas.

By Huong Diu/ Huyen Trang