Finance ministry to dismantle hundreds of tax departments

January 02, 2023

The Ministry of Finance (MOF) plans to reduce the number of its nationwide tax offices from 548 to 257, under its new scheme to streamline the taxation, customs, and state treasury units. The Ministry of Finance plans to cut hundreds of tax and customs offices - Photo: thanhnien.vnFinance Minister Dinh Tien Dung said that at present, each district has its own tax department, which has encumbered the tax authorities. The scheme has been approved, Minister Dung said, adding that over the next three years, the tax authorities will rearrange 548 tax departments in districts and towns to 257 subdivisions, reducing 291 in the process of establishing inter-district and inter-regional sub-departments. The renovation of administrative procedures has contributed greatly to a more favourable environment for more than 560,000 enterprises across the country, he added. "In the coming time, the MOF will cut about half of the remaining administrative procedures across the whole financial sector," Minister Dung affirmed.

The source of this news is from VIETNAM ECONOMIC NEWS