Efforts to increase domestic revenue

In order to fulfill the 2025 state budget revenue target in the province, the Tax Sub-Department of Region XIII has implemented many solutions to manage revenue collection, combat tax evasion, recover outstanding tax debts, and create favorable conditions for people and businesses to fulfill their tax obligations. As a result, domestic budget revenue in the first quarter of 2025 in the province managed by the sub-department reached and exceeded that of the same period last year.

In order to fulfill the 2025 state budget revenue target in the province, the Tax Sub-Department of Region XIII has implemented many solutions to manage revenue collection, combat tax evasion, recover outstanding tax debts, and create favorable conditions for people and businesses to fulfill their tax obligations. As a result, domestic budget revenue in the first quarter of 2025 in the province managed by the sub-department reached and exceeded that of the same period last year.

Exceeding the projected progress by 4.3%.

From the beginning of the year, the Tax Department of Region XIII has focused on implementing a comprehensive set of tax management measures, responding promptly to new developments, supporting taxpayers, and strengthening inspection and auditing work to combat tax evasion, tax avoidance, and tax arrears. As of March 31st, the total amount of tax arrears in Khanh Hoa province is estimated at over 1,967 billion VND, a decrease of 28% compared to December 31st, 2024 (2,731 billion VND). In addition, the Tax Department closely monitors, evaluates, and analyzes each locality, region, and tax category to develop timely collection management plans; focusing on directing tax teams to regularly review and analyze newly emerging revenue sources with potential and the production and business situation to implement appropriate management measures.

Business operations at a supermarket in Nha Trang.

According to the report of the Tax Department of Region XIII, in the first quarter, the unit collected 6,161 billion VND in domestic revenue in Khanh Hoa province (data as of April 4th), reaching 29.3% of the statutory budget estimate (exceeding the budget estimate by 4.3%) and 154.3% compared to the same period last year. The high revenue exceeding the budget estimate mainly came from the non-state-owned enterprise sector, foreign-invested enterprises, personal income tax, environmental protection tax, etc. Specifically: Vinpearl Nha Trang Joint Stock Company and VinWonders Nha Trang Joint Stock Company paid the extended value-added tax (VAT) and provisionally paid corporate income tax for 2024 with an amount of 1,281 billion VND. Some enterprises made provisional corporate income tax payments from real estate transfer activities such as: Vinpearl Nha Trang Joint Stock Company paid 90.7 billion VND; KN Cam Ranh Limited Company paid 88 billion VND; VCN Joint Stock Company paid 38.6 billion VND; Nhat Tien Investment, Trading and Service Joint Stock Company paid 36 billion VND from the sale of fixed assets...

Along with striving to complete the budget revenue target, the Tax Department of Region XIII also promptly implemented policies of the National Assembly, the Government, and the Ministry of Finance to support businesses and taxpayers, such as: reducing environmental protection tax on gasoline, diesel, and lubricants; and reducing VAT. Accordingly, in the first quarter of 2025, it is estimated that the environmental protection tax in the province will be reduced by 171 billion VND according to Resolution No. 60/2024 of the National Assembly; and the VAT will be reduced by 174 billion VND according to Resolution No. 180/2024 of the Government, which stipulates the VAT reduction policy according to Resolution No. 174/2024 of the National Assembly.

Boosting revenue from land

Despite the achievements, tax management in the province still faces many difficulties, especially in collecting land use fees and land lease fees for projects within the province. According to the plan, land revenue in the first quarter of 2025 was projected at 1,785 billion VND. However, by the end of the first quarter, only 305 billion VND had been collected, reaching only 4.3% of the target set by the Provincial People's Committee. The revenue mainly came from land auction and land use right transfer applications in various localities. Of this, the shortfall of 1,480 billion VND mainly consists of land use fees and land lease fees from projects that have yet to be collected.

Business operations at a supermarket in Nha Trang.

According to Mr. Pham Hoai Trung, Deputy Head of the Tax Department of Region XIII, in order to complete the budget revenue target for the second quarter and the whole year of 2025 in the province, in the coming time, the Tax Department of Region XIII will direct its specialized departments to focus on implementing new tax policies issued since the beginning of the year, aiming to promptly support and accompany taxpayers in the context of many complex changes in the domestic and global economies ; especially policies on reducing environmental protection tax, VAT, special consumption tax on domestically assembled automobiles and policies on extending the deadline for tax and land lease payments in 2025. In addition, it will continue to promote measures to collect and enforce tax debts, striving to reduce the amount of debt carried over from the previous year to 2025; monitor outstanding projects in the area that have budget obligations; coordinate with relevant departments and agencies to resolve outstanding issues in order to promptly mobilize revenue from land use fees and land lease fees; Closely coordinate with relevant agencies to monitor the situation of mineral resource exploitation in the province, requiring taxpayers to declare and pay taxes correctly according to the extracted output, especially for highway projects, inter-regional roads, industrial zones, etc. On the other hand, strengthen coordination with local authorities and tax advisory councils at the commune and ward levels to review and fully update the number, scale, and business sectors in the area; strictly manage cases of changes in business scale, cessation of operations, or new business starts; promote the dissemination and guidance of taxpayers on using electronic invoices from cash registers; and inspect the use of invoices to prevent fraud...

Regarding the task of collecting state budget revenue from land-related sources, the target for 2025 is 10,703 billion VND from land use fees and land lease fees. For the first two quarters alone, the projected revenue is 4,185 billion VND; of which, 1,785 billion VND is for Q1 and 2,400 billion VND for Q2. However, 1,480 billion VND of land revenue from Q1 remains uncollected. Therefore, according to the plan, the total amount to be collected from land use fees and land lease fees in Q2 is 3,880 billion VND. To fulfill the task of collecting domestic revenue in the second quarter and strive to achieve the state budget revenue targets for 2025 set by the Provincial Party Committee and the Provincial People's Committee, the Tax Department of Region XIII recommends that the Provincial People's Committee continue to direct relevant departments and agencies to further accelerate the implementation of the list of land plots for auctioning land use rights and projects for collecting land use fees and land lease fees in 2025 in the province.

CAM VAN

Source: https://baokhanhhoa.vn/kinh-te/202504/no-luc-thu-ngan-sach-noi-dia-4b52264/