Focus on budget collection solutions from the beginning of the year

The Phan Thiet City Tax Department achieved 101.6% of its state budget revenue target in 2023. From the beginning of the year, the city's tax department has set forth numerous tasks and solutions to focus efforts on successfully achieving the state budget revenue target for 2024.

In 2023, the Phan Thiet Tax Department faced numerous challenges in collecting state revenue, alongside favorable aspects. These challenges stemmed from the impact of the global economic situation, and the slowdown in business operations of some large local enterprises. Meanwhile, the majority of businesses in the city are small-scale with weak competitiveness. Furthermore, the current stagnant real estate market, with reduced demand and payment volumes, also impacted the city's state revenue collection.

Promoting the development of production and business, especially the tourism sector, will increase budget revenue.

However, with the close guidance of the city's leaders, the efforts of the Phan Thiet Tax Department, and the coordination with relevant departments and agencies, the city has strived to complete, achieve, and surpass the 2023 state budget forecast with a total revenue of VND 1,513.3 billion, reaching 101.6% of the forecast. Of this, 6 out of 9 revenue categories exceeded the forecast and increased compared to the same period last year. Specifically, revenue from the non-state economic sector reached VND 909.5 billion, achieving 113.7% of the forecast. This revenue includes VND 655.7 billion from large enterprises located in the city and managed by the Provincial Tax Department (reaching 113% of the forecast), and VND 253.8 billion from the revenue managed by the Phan Thiet Tax Department (reaching 115.4% of the forecast). Specifically, revenue from businesses and business organizations increased by 12% compared to the same period last year, while revenue from households and individual businesses increased by 22.9%. In the last five years, revenue collected by the Tax Department accounted for 71.4% of the total revenue from the non-state economic sector under the management of the Tax Sub-department. However, in the past year, some large businesses in the area experienced a slowdown in business operations, and some revenue sources saw a decrease. Other revenue sources exceeding the forecast include: non- agricultural land use tax reaching 191.6% of the forecast, an increase of 12.4%; land lease fees reaching 103.9%, an increase of 22.9%; land use fees reaching 121% of the forecast, an increase of 49.3%; mineral exploitation rights fees reaching 273.7%, an increase of 58.2%; and other budget revenue reaching 125.3% of the forecast. In addition, three revenue items fell short of the projected targets: personal income tax at 81.9%, registration fee at 53.9%, and other fees and charges at 70.3%.

In 2024, the city was assigned a domestic revenue target of 1,369 billion VND. From the beginning of the year, the city developed a revenue collection management plan to allocate time for implementation, clearly identify each collection point, categorize revenue types, and assign specific tasks to each relevant unit. Simultaneously, it developed very specific solutions, focusing on promoting production and business development, improving the "health" of businesses, and resolving obstacles related to land use right certificates and land transfer... to create a fundamental foundation for economic growth, thereby contributing to the city's budget.

The Phan Thiet Tax Department has proactively developed a revenue collection plan for 2024, leveraging the support and coordination of various departments, agencies, and the People's Committees of wards and communes to carry out tax-related tasks and work. This includes focusing on tax-related solutions such as: recovering tax debts; improving the quality of inspection work, combating tax evasion, smuggling, and commercial fraud; and strictly managing tax assessment prices… in order to strive to complete the assigned tasks. Simultaneously, it is implementing decisive and comprehensive revenue management solutions; identifying potential revenue sources and areas/tax categories where revenue is being lost, in order to promptly propose effective management solutions and combat budget revenue losses. Party committees and authorities at all levels in the city are identifying the advantages and difficulties in state budget revenue collection, closely monitoring the local area, and comprehensively assessing revenue sources. From there, they are strengthening the direction, management, and state control of budget revenue collection. Departments and organizations from the city to the ward and commune levels will coordinate synchronously and closely, fully mobilizing all revenue sources into the budget, combating revenue loss, and striving to achieve and exceed the assigned targets…

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