To fulfill the state budget revenue collection target for 2023, the provincial tax department will continue to aggressively and comprehensively implement revenue management, anti-tax evasion, tax debt recovery, and inspection and auditing measures in the remaining months of this year, striving to exceed the projected target.
Efforts to ensure collection progress
Since the beginning of the year, the Tax Department has proactively implemented a comprehensive set of tax management solutions, strengthened communication and support efforts, and promptly addressed tax exemption, reduction, and deferral policies to support and alleviate difficulties for taxpayers. Simultaneously, it has reviewed and combated tax evasion, urged the recovery of outstanding tax debts, and promoted the application of information technology to streamline tax administrative procedures. As a result, this has contributed to ensuring the progress of budget revenue collection in the first months of the year. By the end of July, the province's total state budget revenue from import and export taxes reached VND 6,549 billion, equivalent to 65.5% of the annual forecast and a decrease of 12.2% compared to the same period last year; of which, domestic revenue reached VND 5,811 billion, equivalent to 67.52% of the annual forecast and a decrease of 12.8%.
The province's economy is recovering positively, contributing to increased state budget revenue.
Since the beginning of the year, thanks to positive impacts, the province's economy has recovered quickly and achieved promising results in many areas; including the strong resurgence of the service and tourism sector, with the advantage of the Dau Giay - Phan Thiet expressway project connecting with the southern key economic region. In particular, Binh Thuan's hosting of the National Tourism Year in 2023 has helped domestic and international tourists learn about Binh Thuan, leading to a significant improvement in tourism services and resulting in considerable growth in several economic indicators compared to the same period last year, with the province's GRDP estimated to increase by 7.76%... Along with that, increased revenue from renewable energy has contributed to higher state budget revenue in the first months of the year.
According to the Provincial Tax Department's assessment, with an overall average of 67.52%, 9 out of 18 revenue categories exceeded the overall average, with 5 out of 9 categories showing an increase compared to the same period last year, while the remaining 4 categories showed a decrease. Specifically, revenue items showing high growth compared to the same period last year include: Revenue from local enterprises reaching VND 100 billion, equivalent to 91.1% of the projected target, an increase of 35.6%; Revenue from foreign-invested enterprises reaching VND 844 billion, equivalent to 99.34% of the projected target, an increase of 60.91%; Revenue from non-state enterprises reaching VND 1,280 billion, equivalent to 79.33% of the projected target and an increase of 2.4% compared to the same period last year… Eight out of ten districts, towns, and cities exceeded the overall average (66.82%) of the district-level revenue compared to the projected target, including: Tuy Phong, Bac Binh, Ham Thuan Bac, Ham Thuan Nam; Duc Linh, Tanh Linh, La Gi, and Phu Quy.
Promote administrative reforms to support taxpayers.
And the solutions
However, the province's economy continues to be negatively impacted by the global and domestic economies. In particular, in recent years, the main source of revenue growth in the province has been from real estate transfers, but currently the real estate market is in a "frozen" state. Land auctions, land allocation, and site clearance activities continue to be stalled, and the revenue carried over from previous years by power plants has decreased significantly. Along with this, the impact of the government's tax and land rent exemption policies aimed at supporting the recovery of production and business has created significant pressure on state budget revenue collection in the remaining months of 2023.
The Tax Department projects state budget revenue collection for August 2023 at 500 billion VND (450 billion VND from domestic revenue and 50 billion VND from import and export taxes). The Tax Department has implemented numerous solutions to increase budget revenue, striving to exceed the annual target. These include focusing on closely managing budget revenue sources within the province, continuing to promote the exploitation of revenue sources with significant potential from business activities; exploiting mineral resources, services, industry, and renewable energy; and revenue from land funds for residential and tourism projects. The department will also implement comprehensive tax management measures, including continuing to innovate and improve the effectiveness and efficiency of tax inspection and auditing, and strictly controlling and combating tax evasion, especially in the areas of capital transfers, real estate transfers, and related-party transactions.
Simultaneously, strengthen discipline and order in the direction, management, and administration of state budget revenue collection, boost budget revenue collection, strive to complete the revenue target for the third quarter of 2023, focusing on collecting outstanding debts, business license fees, and VAT for fixed-income households. Timely and effectively implement policy packages and tax solutions to support businesses and people in recovering and developing production and business activities, creating a foundation for increasing state budget revenue. Strengthen measures to manage tax debt, effectively manage taxes on e-commerce activities, businesses based on digital platforms, and combat tax evasion in business activities and real estate transfers...
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