Closely monitor actual revenue results.
In January 2024, the Ninh Thanh District Tax Office collected nearly 82 billion VND in state revenue, exceeding 10.3% of the annual target and nearly tripling compared to the same period last year. Many tax categories achieved high collection rates compared to the annual target, such as corporate income tax at 34.8%, personal income tax at 32.3%, value-added tax at 26.4%, and fees and charges at 64.5%... all significantly higher than the same period last year. Business license fees alone exceeded the annual target by 10.5%.
From the beginning of the year to February 16th, budget revenue in Kinh Mon town and Kim Thanh district, managed by the Kim Mon Regional Tax Office, reached nearly 151 billion VND, equivalent to almost 14% of the annual forecast and more than 3.4 times higher than the same period last year. Excluding land use fees, the revenue was over 105 billion VND, reaching 30% of the annual forecast, exceeding the Q1/2024 forecast by 11% and more than 2.8 times higher than the same period last year. Business license fees alone exceeded the annual forecast by 5% and were more than 13 times higher than the same period last year, mainly collected from e-commerce activities. This marks the fourth consecutive year that the Kim Mon Regional Tax Office has seen an increase in budget revenue in the first month of the year.
The overall budget revenue results for the entire province were also very impressive. In January 2024, the total domestic budget revenue managed by the Hai Duong tax department reached over 3,691 billion VND, equivalent to 69% of the Q1 plan, 22% of the annual statutory budget estimate, and a 52% increase compared to January 2023. Four out of fifteen revenue items exceeded 100 billion VND and all showed significant increases compared to January 2023. The highest revenue came from foreign-invested enterprises (FDI), reaching over 1,645 billion VND, achieving 28% of the budget estimate and increasing by 24%. The second largest revenue source was from the non-state industrial, commercial, and service sector, with 755.4 billion VND, achieving 28% of the budget estimate and increasing by 57%. Thirdly, land use fees collected amounted to VND 727.2 billion, reaching 12% of the annual budget and more than 3.1 times higher than the same period last year.
However, in the first half of February 2024, the total domestic budget revenue of the entire province managed by the tax sector reached nearly 400 billion VND, achieving only about 2% of the annual forecast…
The low revenue in February was not solely due to the Tet holiday. According to tax authorities' analysis, several shortcomings persist in the management of state budget revenue. Many tax law violations continue to occur and take on complex forms. Civilized consumer habits remain limited, with many people still not accustomed to requesting receipts when purchasing goods. The implementation of the digital business map is slow. Management of e-commerce activities still has many loopholes…
Multiple integrated solutions
Anticipating difficulties in collecting state revenue, tax offices throughout the province have strengthened strict management of tax payers, monitored the progress of budget payments, assessed and analyzed factors affecting revenue collection, and implemented effective revenue management solutions. "The unit is currently closely monitoring actual revenue collection results each month and quarter to proactively fulfill assigned tasks," said Mr. Pham Quang Hung, Head of the Kim Mon Area Tax Office.
Starting in late December 2023, the Hai Duong City Tax Department launched a coordinated campaign across all wards and communes, reviewing and counting households, collecting and distributing tax declarations, and disseminating information on tax policies and obligations for business households. As a result, an additional 569 households and 579 million VND in taxes were added to the 2024 tax register, representing a 7% increase in the number of households and a 28% increase in taxes compared to 2023. The average tax amount also increased from 552,000 VND/household/month to 613,000 VND/household/month. The total number of households included in the 2024 tax register is 6,393. By the end of January 2024, 4,358 households had reached the tax threshold, with a total lump-sum tax amount of 2.67 billion VND per month… According to Mr. Duong Van Ha, Head of the Hai Duong City Tax Department: “Strictly managing households is a fundamental measure to ensure the completion of the budget revenue target. It also creates a database for the creation of a digital map of business households to improve the efficiency of tax management as prescribed.”
From the beginning of the year, the Hai Duong Provincial Tax Department launched a competition, assigning specific revenue collection targets to each department and local tax office… Each unit focused its resources and implemented a comprehensive range of revenue management solutions; combating revenue loss; recovering tax debts such as coordinating the enforcement of account and invoice seizures; temporarily suspending import and export activities… Strengthening digitalization in tax management and expanding electronic tax services…
Professional measures are being strengthened to ensure the efficient operation of the electronic invoicing system; promoting the expansion of electronic invoices with codes generated from cash registers. The "Lucky Invoice" program continues to be implemented, fostering civilized consumption habits. The digital map of business households is being finalized. Household management is being reviewed, and investigations of taxable revenue are being strengthened according to regulations, ensuring growth targets for the number of households and taxes are met.
“The Provincial Tax Department is strengthening close coordination with relevant levels, departments, and agencies to strictly manage budget revenue sources; focusing on nurturing revenue sources and expanding the revenue base. We proactively work alongside businesses and taxpayers to develop appropriate budget revenue collection scenarios for each month and quarter; and at the same time, we are strengthening inspections and audits of businesses with high tax and invoice risk indicators to promptly prevent and handle violations in accordance with the law,” affirmed Mr. Bui Duc Thanh, Deputy Director of the Provincial Tax Department.
JACKIE CHANSource
Comment (0)