“Bright color” of budget collection - opportunity to reach the finish line early

>> Extending budget revenue to the "trillion" mark

>> Yen Bai: Review and evaluate state budget revenue targets for the first 3 months of 2025

Impressive start

We went to the Yen Bai - Yen Binh Inter-District Tax Team (Yen Bai City area) on a day in early May. The officers at the "One-Stop" Department in the city area were diligently supporting people and businesses in making corporate income tax and personal income tax finalizations.

Ms. Nguyen Thi Thu - Hong Ha ward, Yen Bai city said: "I went to the Tax Team headquarters to request to cancel the duplicate tax code. The Tax Team arranged staff to enthusiastically guide me to complete the procedures quickly. In addition, I was also guided to perform personal income tax settlement procedures on the eTax Mobile electronic tax application, which is convenient and does not require me to go directly to the tax office anymore."

Mr. Nguyen Xuan Truong - Head of the Yen Bai - Yen Binh Inter-District Tax Team shared: "The One-Stop-Shop at the Tax Team has urgently implemented support measures in both direct and indirect forms. The unit has arranged civil servants to guide the preparation of tax settlement dossiers, declarations on the new version of Declaration Support software and electronic tax payment. Individuals who do not have a digital signature will be instructed on how to submit declarations and complete tax settlement procedures; encourage taxpayers to use electronic invoices generated from cash registers; use the Business Household Digital Map function; review and standardize personal tax codes; install and use Etax Mobile for non-agricultural land use tax; declare and pay taxes for e-commerce activities. At the same time, videos and articles have been posted with instructions and answers to questions about tax settlement online on the Electronic Information Portal of the Tax Department of Region VIII, via phone, email, Zalo group to manage and support businesses...".

Through discussions with the leaders of the provincial Department of Finance, it is known that in 2025, the estimated state budget revenue in the province assigned by the Ministry of Finance is 3,738 billion VND; the estimated budget revenue assigned by the Provincial People's Council is 5,500 billion VND; the budget revenue scenario approved by the Provincial People's Committee is 7,000 billion VND, of which: balanced revenue is 3,122 billion VND; land use fee revenue is 3,138 billion VND; lottery revenue is 40 billion VND; import-export revenue is 700 billion VND.

Thanks to many innovations and efforts in management, the total state budget revenue in the first 4 months of 2025 of the province reached over 1,648 billion VND, equal to 44% of the central budget estimate; equal to 30% of the provincial budget estimate; equal to 127.5% of the 4-month scenario; up 53.5% over the same period.

Of which, the balance revenue (excluding one-time land rent) reached 1,068.6 billion VND, equal to 34.2% of the year's scenario and 163.7% over the same period. One-time land rent reached 3.7 billion VND, equal to 132% over the same period. Land use fee revenue reached 385.4 billion VND, equal to 117.6% of the 4-month scenario and increased by 22% over the same period. Lottery revenue reached 12 billion VND, equal to 30% of the year's scenario and increased by 5.3% over the same period.

Revenue from import-export activities reached VND 178.4 billion, equal to 25.5% of the yearly scenario and up 96.6% over the same period. This figure not only far exceeded the 4-month scenario set at 127.5%, but was also 53.5% higher than the same period last year, of which 8/16 revenue items exceeded the scenario, 13/16 revenue items were higher than the same period. These are very impressive results, creating favorable conditions for completing the budget revenue scenario for May and the whole year of 2025.

Mr. Chu Hoang Son - Deputy Director of the Provincial Department of Finance shared: "To achieve these encouraging results, from the beginning of the year, the Provincial People's Committee has focused on leading and directing functional departments, branches and localities to drastically implement solutions to collect the budget in 2025, along with continuing to promptly and effectively organize the implementation of key solutions to improve the investment and business environment, improve the provincial competitiveness index, administrative reform index, create all favorable conditions to promote and improve the efficiency of production and business activities of enterprises, create stable and sustainable revenue sources for the State budget. Along with that, the sector directs branches and localities to promote the allocation and disbursement of public investment capital, creating momentum for economic recovery, ensuring the comprehensive completion of the State budget revenue estimates in the province in terms of both total amount and structure of each level, meeting sufficient resources to perform assigned tasks of spending on socio-economic development in the area; mainly Actively assess favorable and difficult factors to issue a budget collection scenario with a total budget collection in the area in 2025 of 7,000 billion VND, equal to the target of the Resolution of the 19th Provincial Party Congress".

Districts, towns and cities have also issued collection scenarios for each locality to organize implementation, established a Working Group to guide, remove difficulties, and urge districts, towns and cities in the 2025 budget collection work, headed by leaders of the Provincial People's Committee, and continue to effectively implement the Steering Committee and Standing Group to deploy the application of electronic invoices in Yen Bai province, and implement tasks on budget collection in 2025.

Proactive solutions to reach the finish line

According to forecasts for the remaining months of 2025, the socio-economy will continue to face many difficulties and challenges such as trade wars, complicated weather conditions, and tax exemption and reduction policies that are still in effect. Therefore, Yen Bai needs to continue to synchronously and effectively implement tasks and solutions for socio-economic development in general and budget collection scenarios in particular according to the conclusions and directions of the Provincial Party Committee.

Regarding the balanced revenue, the Tax Department of Region VIII - Yen Bai province needs to take the lead in coordinating with sectors and localities to continue to promptly and effectively implement the Government's support policies in the Socio-Economic Recovery and Development Program to help businesses and people quickly restore production and business activities, creating a premise to increase revenue for the State budget; review all revenue sources in the area, focusing on inspection and exploitation of revenue from taxes, fees, and charges, especially environmental protection fees, newly established enterprises; strengthen management of irregular revenue sources, continue to require enterprises to carry out leveling work, basic construction enterprises in the area to fully declare and pay taxes and fees, especially units with large arising fees; pay attention to removing objective difficulties and obstacles for enterprises, helping enterprises to gradually stabilize production and fulfill their obligations to the State budget; Closely manage taxpayers' revenue and expenses through electronic invoice data analysis to closely control taxpayers' tax calculation, tax declaration, and tax payment.

Officers of the Yen Bai - Yen Binh Inter-District Tax Team discussed budget collection tasks for the second quarter of 2025.

Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee Nguyen Tuan Anh shared: Budget collection in the second quarter and the whole year of 2025, besides difficulties and challenges, still has many favorable conditions to be able to complete and exceed the scenario because the real estate market has begun to recover and grow when the Project on rearranging provincial administrative units was announced. Along with that, many large projects such as: 500Kv power line project through Yen Bai province (estimated at 1,905 billion VND); Noi Bai - Lao Cai expressway repair project and key projects of the province are being implemented; some large investment projects are entering the completion stage such as Yen Bai Riverside Red River urban area project, Go Supermarket project... creating momentum for socio-economic development.

To ensure the completion of the 2025 budget collection plan, departments, branches, and management boards shall grasp the list of projects and works and request investors or project management boards to provide information on subcontractors, progress, value of accepted volume, and payment.

At the same time, strictly manage the tax codes of construction enterprises, requiring enterprises to register temporary tax codes where the construction works arise to declare and pay value added tax according to regulations; consider and inspect the operations of mineral exploitation enterprises to evaluate operations, promptly propose appropriate management and exploitation solutions.

Concentrate all resources to resolutely carry out compensation, site clearance, investment in land fund creation, land fund development according to planning to auction land use rights according to plan, while ensuring the correct order and procedures according to the law. In addition, the province promotes investment attraction to create more growth momentum.

With practical solutions and determination in implementation, we believe that from now until the end of the year, Yen Bai province will collect budget revenue according to the schedule and scenario set out.

Quang Thieu

Source: https://baoyenbai.com.vn/12/350220/Short-term breakfast---could-epidemic-soon.aspx