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On September 28, at the 26th session of the National Assembly s Standing Committee (NA Standing Committee), Minister of Finance Ho Duc Phoc presented a draft NA resolution on the application of additional corporate income tax (CIT), under regulations against the erosion of the global tax base.
The Ministry of Finance is urgently finalizing a proposal to develop a National Assembly (NA) resolution on the application of additional corporate income tax in accordance with the provisions against erosion of the global tax base, to report to the competent authorities and supplement the 2023 Law and Ordinance Development Program. According to the one-session process, the resolution is expected to be submitted to the NA for approval at the 6th Session.
Recently, the Ministry of Finance (MoF) has paid special attention to the development of legal policies. Accordingly, the financial law has been designed and developed to meet the criteria of uniformity, feasibility, publicity, and transparency, thus promptly dealing with challenges, for the sake of the business community and the people.
At the fifth session of the National Assembly that was held this May, it was decided that the Government will submit an amended Bill on Credit Institutions for approval at the next session of the National Assembly in October.