4 new policies to support businesses and people from January 11, 2022 according to Resolution 43/2022/QH15
With the goal of recovering and rapidly developing production and business activities, creating favorable conditions for businesses, economic organizations and people, the National Assembly passed Resolution 43/2022/QH15 with many supporting policies. Supporting people and businesses due to the impact of Covid-19:
- Reduce VAT from 10% to 8% in 2022
This is one of the notable policies in Resolution 43/2022/QH15. Specifically, Clause 1, Article 3 of Resolution 43/2022/QH15 states:
- Reduction of 2% value-added tax rate in 2022, applicable to groups of goods and services currently applying the value-added tax rate of 10% (remaining to 8%), except for some groups of goods , the following services: telecommunications, information technology, financial activities, banking, securities, insurance, real estate trading, metals, prefabricated metal products, mining products (not including coal mining), coke, refined petroleum, chemical products, goods and services subject to excise tax;
- Allowed to be included in deductible expenses when determining corporate income taxable income for support and sponsorship expenses of enterprises and organizations for COVID-19 prevention and control activities in Vietnam for the period. tax year 2022.
With this policy, it will partly contribute to supporting businesses and people to overcome difficulties caused by the negative impact of the Covid-19 pandemic.
- Interest rate support for businesses, cooperatives, business households
In addition to reducing value-added tax for services and goods to support businesses, cooperatives and business households, point c, clause 1, Article 3 of Resolution 43/2022/QH15 also supports loan interest rates such as: after:
- Interest rate support (2%/year) up to VND 40 trillion through the system of commercial banks for a number of important industries and fields, businesses, cooperatives, and business households that are able to pay debt, recoverable; loans to renovate old apartments, build social houses, houses for workers to buy, rent and hire-purchase;
- Grant charter capital to the Tourism Development Support Fund up to 300 billion VND;
- Continue to restructure the repayment term and keep the same debt group, exempt and reduce loan interest for customers affected by the COVID-19 epidemic.
- Continue to provide capital to employers with loans to pay wages for job stoppage, pay wages to restore production to employees through funding the Bank for Social Policies.
- Reduce loan interest to support customers affected by Covid-19
In the two years 2022 and 2023, Resolution 43/2022/QH15 sets the goal of striving to reduce lending interest rates by 0.5 – 1% , especially for priority areas through the implementation of market operations. opening, refinancing, reducing operating costs.
- Other policies
In addition to the prominent and notable policies mentioned above, Resolution 43/2022/QH15 also provides a number of other policies such as:
– Housing rental support for employees who are renting, boarding or working in industrial parks, export processing zones and key economic areas.
– Support individuals to borrow, buy, rent and buy social housing, build new/renovate, repair houses with social housing policies, support jobs…
