Ho Chi Minh Metropolis proposes to the Prime Minister to exempt and scale back land hire, scale back mortgage rates of interest for companies going through difficulties because of Covid
Accordingly, Ho Chi Minh Metropolis additionally proposed to the Prime Minister to proceed implementing the coverage of decreasing land hire for land tenants going through difficulties because of the impression of the Covid-19 epidemic with a discount of 30% in 2021; particularly for tourism companies which can be instantly and constantly affected in 2020 and 2021, the discount is 50%; enterprises are entitled to a 50% discount in land hire in the course of the interval of cessation of manufacturing and enterprise. Permitting companies to deduct the price of Covid-19 epidemic prevention and management in funds funds.
On the similar time, it is suggested to the Prime Minister to direct the banking trade to have preferential insurance policies, enhance the extent of capital help and rates of interest for companies working in three locations, one street and two areas to help the discount of capital. Maximize prices for these companies to function successfully and proceed to develop properly after the epidemic is underneath management.
Based on the draft Decision of the Nationwide Meeting Standing Committee on quite a lot of options to help companies and folks affected by the epidemic, the deadline for making use of discount of company earnings tax (CIT), worth added tax (VAT) for companies, households and people is the top of December 2021. Ho Chi Minh Metropolis proposes to increase the appliance interval a minimum of till the top of the primary quarter of 2022 and probably till the top of June 2022. For companies which can be closely affected akin to tourism, lodging and meals companies, transportation, film screenings, sports activities and leisure actions, and so forth., it’s obligatory to extend the VAT discount price to 50% (as a substitute of 50% of VAT discount). as a result of 30% as draft).
The Ho Chi Minh Metropolis Actual Property Affiliation (HoREA) additionally really useful the State Financial institution of Vietnam and business banks to contemplate supporting companies, together with actual property companies, buyers, and residential mortgage clients. .
Particularly, it is suggested that business banks contemplate decreasing lending rates of interest by about 2%/12 months for loans from companies, together with actual property enterprises, buyers, residence mortgage clients and non-bankers. debt grouping (worse) for loans due. Create favorable circumstances for companies, together with actual property companies, to entry new loans for undertaking implementation.
