Vietnam to cut tax paperwork to 171 hours in 2015
(VOV) -Government Resolution 19 enacted March 18, 2014 aimed at improving the business environment and national competitiveness should cut the time for completing tax procedures by 629 hours.
The Governance for Inclusive Growth Programme funded by the US Agency for International Development (USAID) released the information at a conference held in Hanoi on August 20.
The reduction will bring the time for completing tax information on a par with other ASEAN member countries in complying with tax laws, which on average approximate 171 hours as well.
To achieve this target, the General Department of Taxation and the Ministry of Finance are simplifying administrative procedures and promoting the application of information technology enabling 95% of businesses in Vietnam to use e-tax services by the end of the year.