VCN - The global economic situation in 2021 continues to be heavily affected by the Covid-19 pandemic and Vietnam is no exception. This has had a strong impact on the revenue collection of tax sector.
|The Tax sector has continued to implement policies on tax and land rent extension following Decree No. 52/2021/ND-CP.. Photo: Thùy Linh|
September revenue is only 55.8% of the same period last year
According to General Department of Taxation, the total revenue collection in September 2021 managed by the tax authority is estimated at VND52,000 billion. This revenue is only 4.7% compared to the estimate and equal to 55.8% over the same period in 2020.
Accordingly, revenue from crude oil is estimated at VND3,400 billion (equivalent to 14.7% compared to current appropriation); domestic revenue was estimated at VND48,600 billion (equivalent to 4.4% compared to current appropriation, equal to 53.4% over the same period last year). The revenue excluding land use levy, dividends and retained earnings and revenue from the lottery and the difference between revenue and expenditure of the State Bank (revenue from taxes and domestic fees) is estimated at VND40,750 billion (equivalent to 4.6% compared to current appropriation, equal to 55.4% over the same period).
Thus, it is estimated that revenue collection managed by the tax authority in the third quarter of 2021 would reach about VND239,409 billion, equal to 21.4% of current appropriation, and equal to 88.8% over the same period.
According to the General Department of Taxation, the main reason affecting September's revenue collection is still the impact of the Covid-19 pandemic, especially in some key economic areas and large industrial parks.
The Tax sector has continued to implement policies on tax and land rent extension following Decree No. 52/2021/ND-CP.
Some policies to support businesses and people have been implemented at the end of 2020 and continue to take effect in 2021, also leading to a decline in revenue such as: adjusting the personal income tax deduction; Resolution No. 1148/2020/UBTVQH14 on continuing to reduce 30% of environmental protection tax on jet fuel until the end of 2021; continuing to review and cut over 30 types of fees and charges until the end of 2021, which would also reduces state revenue in 2021.
Enhancing inspection after the pandemic is over
In the context of revenue collection facing many difficulties, the General Department of Taxation has proposed many specific solutions and orientations to be able to complete the task.
Accordingly, the tax sector has focused on promptly and effectively fulfilling groups of solutions for revenue collection management, inspection and review of all registered businesses to accurately determine the number of enterprises which temporarily suspended operations, the number of enterprises reporting to stop operating to ensure the management of 100% of enterprises engaging in production and business activities in the locality.
The Tax Department also strictly controls the value-added tax refund, ensuring tax refunds complies with the provisions of law; strengthen the management of sales invoices.
The General Department of Taxation also assigns the tax debt collection target in 2021 to tax departments. The goal is to collect at least 80% of the recoverable debt by December 31, 2021 and reduce the amount of tax debt to less than 5% of total state revenue in 2021. At the same time, direct tax departments to assign tax arrears collection tasks to tax divisions and branches to step up the measures of urging debt collection and coercive measures in accordance with the provisions of the Law on Tax Administration and guidance documents, as well as to timely mobilize resources for the state budget.
In the last quarter of the year, the Tax sector will continue to organize and urge the state budget collection for some central budget revenues (crude oil, natural gas, dividends and retained earnings, collection of money for granting mining rights, collection of using central land, central budget fees and charges, etc.).
In debt management, the Tax sector will promote the handling, settlement and appraisal of dossiers of debt cancellation for late payment of fines; summarizing the results of the entire tax sector. At the same time, guiding, answering and handling problems on debt relief, debt cancellation, extension, exemption of late payment and enforcement of tax debt following the Law on Tax Administration No. 38 and Resolution No. 94 of the National Assembly.
In particular, the General Department of Taxation will continue to inspect the remaining businesses in the inspection plan at an appropriate time after the Covid-19 pandemic is under control.
By Thùy Linh/Thanh Thuy