Businesses are working in line with policy.
As a business operating in the logistics sector, Mr. Vu Ngoc Vinh, Director of OR Global Trading Co., Ltd., believes that the tax reduction policy helps businesses have more resources for reinvestment, particularly for businesses eligible for support. This factor helps businesses reduce some of their operating costs. The saved resources can be reinvested in business operations, enabling businesses to invest in more personnel, expand operations, and improve cash flow.
Taxation is identified as one of the topics of particular concern to the business community. In addition to supportive policies, businesses need to change their approach to tax matters, starting with the mindset of leadership instead of viewing it solely as the responsibility of the accounting department.
Ms. Le Thi Hien, Deputy Director of the Hanoi Investment Promotion and Business Support Center (Department of Finance)
Regarding tax policies, Mr. Vu Binh Long, CEO & Founder of Honico Trading Joint Stock Company, said that businesses also faced some difficulties in the initial stages when the new regulations were implemented. The transition to a new tax declaration process required the accounting team to familiarize themselves with new software, participate in training courses, and continuously update themselves on the latest regulations from the management agency.
However, thanks to support from the tax authorities and software solutions, businesses quickly adapted to the new process. Currently, online tax declaration and payment activities are running smoothly, significantly reducing manual workload, improving management efficiency, and ensuring compliance with current regulations.