Hai Duong's domestic budget revenue from FDI enterprises is estimated at 7,700 billion VND.

Sumidenso Vietnam Co., Ltd. is the FDI enterprise with the highest tax increase rate in 2024.

This is also the area that contributes the largest domestic budget to Hai Duong province.

Specifically, from the beginning of the year to the end of November 2024, domestic tax revenue from the FDI enterprise sector reached VND6,963 billion, exceeding the annual estimate by 18%. According to actual review, the total revenue this year is estimated at VND7,700 billion.

The reason is that many enterprises have contributed to the budget higher than the same period last year. Typically, the following LLCs: Sumidenso Vietnam paid 184.7 billion VND, Leo Vietnam Paper Products paid 53.9 billion VND...

Hai Duong facilitates tax administrative procedures for FDI enterprises

Through inspections and checks, businesses also collect additional taxes that have arisen unexpectedly. Such as collecting 64.6 billion VND from Proterial Vietnam Co., Ltd. and contractors; over 39 billion VND from Posco Vietnam Processing Center Joint Stock Company; 30 billion VND from AP Packaging Co., Ltd. ( Hanoi ); about 28.8 billion VND from UMC Vietnam Electronics Co., Ltd....

To achieve the above results, Hai Duong has created the best conditions for tax administrative procedures for businesses, while strengthening inspection and supervision to ensure correct, full and timely collection of arising taxes.

The Provincial Tax Department strengthens inspection and examination of market price determination in business transactions between related parties; classifies tax inspection subjects. Coordinates with relevant departments to strengthen database construction and information connection to have an information system to ensure effective tax management in general and tax management for FDI enterprises in particular.

Source: https://baohaiduong.vn/hai-duong-thu-ngan-sach-noi-dia-khu-vuc-doanh-nghiep-fdi-uoc-dat-7-700-ty-dong-399778.html