Exploiting and effectively nurturing state budget revenue sources

In the first quarter of 2025, besides favorable factors, the domestic and provincial economies still face many difficulties and challenges; inflationary pressure, increasing exchange rates, and escalating world trade tensions have directly impacted production and business activities and import and export of countries around the world, including Vietnam, causing the risk of disruption of the production and supply chain.

With the determination in direction, management and efforts of all levels, sectors, localities and enterprises, the province's socio-economic situation in the first quarter of 2025 still achieved a stable growth rate. Most sectors, including state budget revenue, recorded positive results.

The main sources of revenue from FDI enterprises, non-state enterprises and customs revenue increased significantly. By April 20, 2025, the total budget revenue in the province reached more than 11 trillion VND, an increase of more than 15% over the same period. Of which, the province's domestic revenue reached nearly 9.3 trillion VND, reaching more than 42% of the central budget estimate, reaching approximately 36% of the target assigned by the Provincial People's Committee and increasing by nearly 13% over the same period.

Thanks to the timely and synchronous implementation of solutions to overcome difficulties, it has contributed to supporting enterprises to maintain stable production and business, increasing revenue for the State budget. Photo: The Hung

Implementing the direction of the Government, the Prime Minister, the Ministry of Finance , the General Department of Taxation as well as documents of the province, the Tax Department of Region VIII has promptly implemented policies on tax exemption, reduction, and refund, contributing to supporting businesses to recover and maintain production and business activities.

Continue to implement the policy of reducing 2% of value added tax rate for groups of goods and services currently applying 10% value added tax rate in the first 6 months of 2025 according to Resolution No. 174 of the National Assembly . Implement the reduction of environmental protection tax rate for gasoline, oil, and grease applied in 2025 as applied in 2024 according to Resolution No. 60 of the National Assembly Standing Committee.

Adjusting and reducing import tax rates for a number of groups of goods to support people and businesses in reducing input costs, contributing to balancing trade with major trading partners. Continuing to apply the Tax Incentive Program for the Automotive Support Industry until the end of 2027 to support the domestic automotive industry.

Implement preferential registration fees for battery-powered electric cars and continue to reduce fees and charges by 10-50% to encourage the use of online public services (applicable until the end of 2025). Extend the deadline for payment of value-added tax, corporate income tax, personal income tax and land rent in 2025 according to Decree No. 82 of the Government; extend the deadline for payment of special consumption tax on domestically manufactured or assembled cars according to Decree No. 81 of the Government...

Promote the dissemination of new tax policies, publicize tax administrative procedures in many appropriate and accessible forms so that people and businesses can grasp them promptly. Support and answer taxpayers directly at the one-stop department and through other information channels (Zalo, Facebook, email, phone...).

Organize dialogue conferences, policy training and closely coordinate with all levels, sectors and localities in the province to focus on promptly removing difficulties and obstacles for people and businesses. Strengthen tax administrative reform, promote the application of information technology, modernize tax management processes to facilitate taxpayers to declare and pay taxes according to regulations.

Regularly monitor the development of the collection situation, grasp the revenue sources and the number of taxpayers in the area. Coordinate with relevant agencies to strictly manage taxpayers in accordance with the provisions of the Law on Tax Administration, ensure that taxpayers with production and business activities and individuals paying personal income tax are all granted tax codes; cases of business suspension, cessation, absconding, disappearance, etc. are all handled in accordance with regulations. From there, identify potential revenue sources, areas, and types of taxes with room to promptly propose solutions to effectively manage and exploit revenue sources for the State budget.

Strengthen inspection and examination work; review businesses with signs of high risk. Strengthen tax debt management, enforce tax debt collection in accordance with the procedures of the General Department of Taxation as well as the provisions of the Law on Tax Administration; review and classify tax debts, analyze the causes of each debtor to have appropriate debt collection solutions...

2025 is the final year of implementing the socio-economic development plan targets for the 2020-2025 term, striving to achieve the highest results for the targets and targets of the 5-year financial plan for the 2021-2025 period and implementing the policy of innovation, restructuring the organizational structure, and streamlining the apparatus according to the direction of the Government. With the high determination of the entire Tax sector, the effective exploitation and nurturing of revenue sources will contribute significantly and decisively to the completion of the State budget collection task in 2025, creating a solid foundation for the double-digit growth target according to the direction of the Government and ensuring the successful implementation of the province's economic growth target in 2025 and the following years.

Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/128638/Khai-thiac-va-nuoi-duong-hieu-qua-nguon-thu-ngan-sach-Nha-nuoc