Customs sector: 2020 Customs revenue exceeds target of VND 317 trillion
Customs officers of HCM City process procedures for businesses. Photo: T.H |
In 2020, the Customs sector was assigned a revenue estimate of VND 338,000 billion by the National Assembly, the Government and the Ministry of Finance. As of 12pm on December 31 the total State budget revenue from import-export activities of the entire Customs sector reached VND 317,090 billion, or 93.8% of the estimate, a decrease of 8.7% year-on-year.
Thus, this figure exceeded VND 12 trillion compared with the target assessed by the National Assembly, contributing to balancing the central budget. The revenue saw the positive result amid the 4% decrease in import turnover compared to the estimate.
This result is a great effort of the whole customs sector amid the development of pandemic and natural disasters. To achieve this result, from the beginning of the year, the Customs sector has implemented anti-revenue loss measures like tax debt collection and settlement, inspection and examination for businesses, inspection for businesses subject to tax exemption and tax reduction; strengthened export price control controls specified in the price database; closely inspected name, HS code and tax rate of goods at the stage of customs clearance and post customs audit to promptly detect and handle cases offalsedeclaration ofHS code or name of goods to enjoy a low tax rate.
As of December 15, the Customs revenue from the performance of anti-revenue loss measures hitVND 2,639 billion.
Speaking at the online conference summarising State budget revenues and expenditures in 2020 on the morning of December 31, Director General of the General Department of Vietnam Customs (GDVC) said the experience for anti-revenue loss and increase in the State revenue is to synchronously perform measures and coordinate management agencies.
Amid the pandemic which greatly affects goods clearance,additionally, in 2020 the import tax rates of goods that Vietnam signed FTAs for continues to deeply decrease, especially, goods with large turnover, high tax rates and a large proportion of revenue. Under the EVFTA, the import duties on nearly 100% of tariff lines and taxable import and export turnover of the two sides will be eliminated after ashort roadmap, making for adeep decrease in the import and export revenue.
The Customs sector has taken disease prevention measures, and made efforts to overcome difficulties, accelerated reform of administrative procedures, modernised the management of tax collection and payment and proposed effective solutions to achieve the highest revenue target.
In 2021, the GDVC has been assigned the revenue estimate of VND 315,000 billion by the National Assembly. To fulfill this task amid the domestic and international socio-economic situation hit hard by the Covid-19 pandemic, the Customs sector has reviewed and controlled revenues; proposed and deployed solutions for increase in revenue, and anti-revenue loss; and actively assessed the impact of international integration commitments on State budget revenues.
At the same time, it has focused on reviewing tax debt; classified tax debt groups and the debt status of businesses, provided measures for handling tax debt; drastically handled, coerced and collected outstanding tax debts and prevented new tax debts and tax debts as of December 31 in 2021 higher than in December 31, 2020.
Related News
A company must not pay tens of billions of VND in tax arrears thanks to support by the Customs
13:25 | 20/04/2024 Customs
Ha Nam Ninh Customs Department holds Customs-Businessdialogues to remove problems for businesses
13:48 | 19/04/2024 Customs
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Lang Son Customs supports warehouse operators
09:00 | 17/04/2024 Customs
Latest News
Noi Bai Customs: dealing with to drug crimes using high technology
14:16 | 19/04/2024 Anti-Smuggling
Vietnam Customs with outstanding results in ASEAN cooperation
14:16 | 19/04/2024 Customs
Dong Thap Customs: Proactively guide procedures, reduce customs clearance time for imported and exported goods
10:25 | 18/04/2024 Customs
Piloting the exchange of export declaration with Eurasian Economic Union
10:22 | 18/04/2024 Customs
More News
Ho Chi Minh City Customs: Rapidly handling more than 1,600 billion VND in bad debts
16:24 | 17/04/2024 Customs
Da Nang Customs: Sharing experiences about risk management when making customs settlement report
16:15 | 17/04/2024 Customs
Praising competent authorities for seizure 100 kg of meth in Quang Tri
09:58 | 16/04/2024 Customs
Heading toward the official implementation of the Voluntary Compliance Program
15:11 | 15/04/2024 Customs
Thanh Hoa Seaport Customs improves efficiency from support enterprises
17:09 | 14/04/2024 Customs
Quang Ninh Customs: Flexible solutions to raise revenue
17:08 | 14/04/2024 Customs
Khanh Hoa Customs announce information of 12 enterprises owing over VND65 billion of tax
10:34 | 13/04/2024 Customs
Administrative violations at Dong Nai Customs decreased in both the number of cases and fines
10:32 | 13/04/2024 Customs
Da Nang Customs: Bring the Customs – Business partnership activities into practice
09:55 | 12/04/2024 Customs
Your care
A company must not pay tens of billions of VND in tax arrears thanks to support by the Customs
13:25 | 20/04/2024 Customs
Noi Bai Customs: dealing with to drug crimes using high technology
14:16 | 19/04/2024 Anti-Smuggling
Vietnam Customs with outstanding results in ASEAN cooperation
14:16 | 19/04/2024 Customs
Ha Nam Ninh Customs Department holds Customs-Businessdialogues to remove problems for businesses
13:48 | 19/04/2024 Customs
Dong Thap Customs: Proactively guide procedures, reduce customs clearance time for imported and exported goods
10:25 | 18/04/2024 Customs