Proactively collect budget revenue from the beginning of the year.

Positive signs

According to Ms. Nguyen Thi Huong Thanh, Deputy Head of the Tax Department of Region VII in Tuyen Quang province, in March 2025, total domestic revenue reached VND 175.5 billion, with a cumulative total of VND 724.4 billion as of March 27th. For the entire first quarter, total domestic budget revenue is estimated at VND 859.4 billion, completing 22.7% of the target set by the Prime Minister and 16.1% of the target set by the Provincial People's Committee. Many important revenue items showed promising progress, demonstrating the recovery of the economy and the effectiveness of tax management. Specifically, revenue from the non-state economic sector reached 32.1%, personal income tax reached 54.1%, registration fees reached 27.2%, and fees and charges reached 32.5%. These are stable revenue sources that have made a positive contribution to the provincial budget since the beginning of the year.

Tax officials from the Regional Tax Office VII in Tuyen Quang province are handling tax administrative procedures for taxpayers.

However, to achieve the 2025 annual budget revenue target, the Tax Department needs to continue focusing on revenue streams that are lagging behind schedule, especially revenue from land and several other important taxes. One of the major obstacles in budget revenue collection currently is the very low progress in collecting land use fees. As of March 27th, this revenue only reached 5.4% of the central government's estimate and 2.5% of the provincial estimate. The main reason is that districts and cities have not yet organized land auctions in 2025, and urban development projects have not yet completed the necessary documentation to determine their financial obligations for budget payment.

Furthermore, the implementation of tax reduction policies according to National Assembly resolutions has significantly impacted budget revenue. Specifically, Resolution No. 60/2024/UBTVQH15 reduced the environmental protection tax on gasoline, diesel, and lubricants by 50%, while Resolution No. 174/2024/QH15 further reduced the value-added tax rate from 10% to 8%. These two policies resulted in a decrease of approximately 110 billion VND in provincial budget revenue during the first quarter.

Forecasts indicate that revenue from land will continue to face difficulties in the second quarter of 2025 as tax deferral and reduction policies are expected to be implemented. Specifically, extending the deadline for tax and land rent payments could reduce budget revenue by over 80 billion VND. Furthermore, the policy of reducing land rent by 30% in 2024, if implemented in the second quarter, would further reduce budget revenue by approximately 10 billion VND.

Solutions to increase budget revenue

In light of this situation, the Tax Department is focusing on implementing decisive solutions to boost budget revenue collection right from the beginning of the year. Mr. Truong The Hung, Deputy Head of the Tax Department of Region VII, stated: The budget revenue target for the second quarter of 2025 is 965 billion VND, a decrease of 80 billion VND compared to the initial plan due to the impact of tax exemption and reduction policies. To ensure the completion of the budget revenue collection task, the Tax Department recommends that the Provincial People's Committee direct the People's Committees of districts and cities to proactively and decisively coordinate with relevant departments to organize land use fee auctions in the second quarter of 2025; and direct relevant departments and investors of urban development projects to expedite the procedures for land allocation, land leasing, and the transfer of financial obligation documents to the tax authorities.
At the same time, the Tax Department will strengthen tax management, focusing on key solutions such as: disseminating information and supporting taxpayers, especially implementing new tax policies effective from the beginning of 2025; guiding businesses and individuals to properly settle taxes and promoting the application of digital technology in tax declaration and payment; tightening tax management for business households, implementing the Tax Management Innovation Project to ensure no budget revenue loss; strengthening tax inspection and auditing, and strictly handling cases of tax evasion and long-term tax arrears to ensure fairness in fulfilling financial obligations to the State.

Despite numerous challenges, with proactive and decisive implementation of solutions, the Tax Department of Region VII in Tuyen Quang province expects to achieve positive results in the second quarter of 2025. Good revenue collection results will contribute to ensuring resources for socio-economic development and create favorable momentum for completing the financial plan for the entire year.

Source: https://baotuyenquang.com.vn/chu-dong-thu-ngan-sach-tu-dau-nam-209628.html