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MEKONG COUNSEL

Decision on approving the strategy of tax system reforms for the stage 2011 - 2020

On May, 17th, 2011, Prime Minister issued Decision No. 732/QĐ-TTg on approving the strategy of tax system reforms for the stage 2011 - 2020. Accordingly,

-           Tax policy reforms: shall be in the way suitable for the orientation for socio-economic development under the

            management of the government; contribute to the integration to the international economy, protection of

            the national benefits; attract more investment on economic sectors and on foreign investment into Vietnam;

            protect appropriately, timely products, goods which are domestically produced to meet commitments,

            international conventions.

-           Tax management reforms: strengthen and complete infrastructure, equipment; strengthen propaganda,

            support and provide services to tax payers; improve capacity of inspection, checking, supervision over

            tax payers’ law-compliance; apply information technology and electronic taxation to improve enforcement,

            efficiency of the tax management task.

This Decision shall come into force from its signing date.