According to a report of the Ministry of Science and Technology (Science and Technology), in the period 2015-2021, there were a total of 1,281 times of enterprises setting up the Science and Technology Development Fund with a total amount of over VND 23,895 billion, of which the number of users is over 14,411 billion VND, accounting for about 60.3%.
There are nearly 1,300 turns of enterprises have set up the Science and Technology Development Fund with the amount of nearly 24 trillion dong.
The Ministry of Science and Technology has just sent a report to the National Assembly on a number of issues related to the group of questions in the field of science and technology at the 5th session of the 15th National Assembly.
Accordingly, regarding the implementation of legal policies on the S&T Development Fund of enterprises, the Ministry of Science and Technology said that up to now, many legal documents at all levels have been issued.
In particular, according to a report by the Ministry of Science and Technology, statistics from the General Department of Taxation show that in the period 2015-2021, there were a total of 1,281 times of enterprises setting up funds with a total amount of over 23,895 billion VND, of which the amount used is over 14,411 billion VND, accounting for about 60.3%.
However, the Ministry of Science and Technology said that with the total number of existing enterprises, the number of enterprises that have made appropriations to establish funds is quite modest. The large amount of fund deduction and use is concentrated in a number of large corporations, corporations and enterprises such as Viettel, Mobifone, Binh Dinh Pharmaceutical – Medical Equipment Joint Stock Company, Imexparm Pharmaceutical Company, General Danameco Health Joint Stock Company, Ba Ria Rubber Joint Stock Company, Da Nang Water Supply Joint Stock Company, Misa Joint Stock Company…
Besides, there are also a number of other units such as: Military Petroleum Corporation One Member Company Limited, Rang Dong Medical Joint Stock Company, Vietnam Gas Joint Stock Corporation, Vietnam Posts and Telecommunications Group. , Vietnam Oil and Gas Group, Viglacera Corporation, 189 One Member Company Limited, Ho Chi Minh City State Financial Investment Company. Ho Chi Minh City, Ho Chi Minh City Lottery One Member Limited Liability Company. Ho Chi Minh City, Military Commercial Joint Stock Bank, Asia Commercial Joint Stock Bank, Binh Son Refinery and Petrochemical Joint Stock Company,…
In order to remove the main obstacles in using the S&T Development Fund of enterprises, previously, the Ministry of Science and Technology issued Circular No. 05/2022/TT-BKHCN guiding the use of the S&T Development Fund of enterprises and the Ministry of Science and Technology. Finance issued Circular No. 67/2022/TT-BTC dated November 7, 2022 guiding on tax obligations when setting up and using S&T development funds of enterprises.
Currently, with the agreement of the Ministry of Finance, the Ministry of Science and Technology is carrying out procedures to announce the invalidation of Joint Circular No. 12/2016/TTLT-BKHCN-BTC.
According to the Ministry of Science and Technology, the problems in spending content and procedures for setting up the fund, the management and use of the fund have been adjusted in the direction of expanding the spending content, more specifically the spending items of the fund and creating a mechanism. business autonomy.
At the same time, Circular No. 05/2022/TT-BKHCN also stipulates more specifically on the procedures for requesting support from the National Science and Technology Development Fund, ministries, branches and localities for scientific research and development activities. enterprise technology development.
However, the implementation of legal policies on the S&T Development Fund of enterprises is still limited.
Specifically, the Ministry of Science and Technology said that the rate of setting up the fund was not suitable with the structure and size of Vietnamese enterprises, of which a large part were small and medium enterprises. “Almost no FDI enterprises set up a fund, which shows that the incentive mechanism for setting up and using the fund is not attractive enough,” stated the Ministry of Science and Technology.
In addition, regulations on fund management do not promote the autonomy and self-responsibility of enterprises for the implementation of the fund’s spending activities.
In addition, administrative procedures in controlling expenditures of the fund are not flexible and suitable to the characteristics of the fund, there are not specific and clear instructions, complicated and difficult procedures, such as: Regulations on monitoring fund spending content, finalizing fund expenditures with state management agencies, sanctioning penalties for setting aside without using or not using up 70% of the deductions, etc., businesses are afraid to spend from the fund. and since then do not want to set aside funds.
Meanwhile, expenses including investment and scientific research that serve production and business activities, if there are legal invoices and documents, are included in deductible expenses in the period when calculating income tax. enter the business.