Dong Nai Tax Department: solutions to help budget revenue beat estimate

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People enterprises fulfil their tax obligations at Dong and Nai tax office. Photo: S.T

Exploiting revenues

According to Mr. Nguyen Quoc Tri, Deputy Director of Dong Nai Tax Department, the unit has proactively urged enterprises to pay corporate income tax (CIT) after the 2019 and Q1 / 2020 settlements from the beginning of the year.

In addition, the unit introduced many timely solutions to exploit revenues to make up for the shortages due to the pandemic; attached importance to improving the efficiency of inspection and examination through building the sector’s average profit rate as a basis for anti-budget revenue loss; and focused on exploiting revenues in depth in large enterprises and business households that are operating stably and developing.

In addition, Dong Nai Tax Department has actively grasped information fromother departments such as the Department of Natural Resources and Environment, Department of Planning and Investment, the Industrial Park Management Board and etc to promptly exploit and collect revenues from the transfer of real estate and capital from enterprises and individuals. At the same time, to work well with the Department of Natural Resources and Environment to accelerate the determination of financial obligations on land to promptly mobilize revenues to the state budget, thereby contributing to ensuring the State budget revenue in 2020 and promptly urge payment of land use fees from auctions and big projects.

As a result, as of December 22, revenue from transfer activities reached VND3,021 billion, revenue from land reached VND7,062 billion, or 262% of the assigned estimate. The total revenues accounted for 28% of the department’s total state budget revenue in 2020. The land revenues have had a positive impact on a number of related revenues such as revenue from income tax from property transfer reached VND913 billion, and revenue from housing registration fee reached VND293 billion as of December 22.

Enhancing support while preventing revenue loss

In the context that many enterprises have suffered negative impacts of the Covid-19 pandemic, Dong Nai Tax Department has actively taken measures to support taxpayers according to Decree 41/2020 / ND-CP, Resolution 42 / NQ. -CP, Resolution 84 / NQ-CP and the Government’s solutions to remove difficulties for enterprises and restore production and business.

Specifically, the department has promoted communication to people and enterprises about tax preferential procedures. Thereby, the payment for VND852 billion in tax has been extended under Decree 41/2020 / ND-CP. For business households that have sales of VND100 million / year or less, or suspend their operations due to Covid-19, the total financial aid approved by the People's Committee of Dong Nai province is VND707 million for 716 households.

The department has also accelerated administrative reform to facilitate people and enterprises to fulfil their tax obligations and promoted the use of electronic invoices to reduce travel time and crowds. Along with that, the department has focused on handling tax refund records for taxpayers on time, creating favourable conditions for enterprises to rotate capital and maintain their operations.

In addition to measures to support taxpayers, Dong Nai Tax Department has always attached importance to strengthening the inspection and carrying out the inspection plan approved by the General Department of Taxation to ensure the fair business environment and preventrevenue loss for the state budget.

As a result, through inspections of 2,009 enterprises, Dong Nai Tax Department raised revenue by VND463 billion, reduced deductive amount by VND22 billion, and reduced losses by VND2,317 billion. As for anti-transfer pricing, in 2020, Dong Nai Tax Department inspected 55 enterprises, increasing revenue by VND249 billion, and reducing losses by VND1,477 billion.