Expansion of collection points: the right direction to avoid budget’s losses
Over time, in the context of state budget having had many difficulties, the financial sector has made many efforts to minimize losses during collecting for the State budget. How do you assess these efforts?
Recently, the Financial sector has made great efforts in avoiding budget losses by amending and supplementing legal documents on taxes to create favorable conditions for production and business, as well as to create a strict legal basis for tax evasion. At the same time, to promote fully the function of tax management from propaganda to support taxpayers for tax declaration, inspection and examination, post-customs clearance, anti-smuggling and tax debt enforcement.
Meanwhile, it typically focuses on anti-smuggling activities, trade frauds of Customs agencies and inspection and examination against tax fraud and price transfer control of tax agencies at all levels.
Tax inspections, examination and post-clearance inspections have focused on enterprises with high-risk on tax, tax refunds, the use of invoices, illegal documents, tax incentives, and the enterprises which have signs of price transfer and suspicious business transactions through banks... These common fraudulent activities have been clearly shown in the statistics released by the Ministry of Finance and the General Departments. The good results of the tax inspection and examination and post-customs clearance inspection not only directly prevents losses, but also has the effect of warning and preventing tax fraud by enterprises and taxpayers.
So in your point of view, what are the limitations of these efforts?
Though there are great efforts and achievements as mentioned above, the fight against budget losses show certain limitations. Several legal documents on tax and tax administration have gaps where the taxpayers can take advantage for tax evasion. In some localities, the tax inspection and examination have not been effective because of not applying the technique of risk management well to tax inspection and examination, and partly because of the limited level of a public servant group. A few public servants in the Financial sector are morally degraded, covering up taxpayers' misconduct.
In order to avoid budget losses, along with tightening the management, the Financial sector has also expanded the tax collection points. Do you think it is the right move?
It is the right direction that the Tax agencies in the whole country are implementing, also some reliable international organizations such as World Bank, the Organization for Economic Co-operation and Development (OECD), encourage Vietnam to do it. In order to expand collection points, there is a need to amend the law under the direction of expanding the objects subject to the special consumption tax on high-end commodities, and commodities which are not conducive to production and life; expanding the objects subject to environmental protection tax; narrowing the area which is not subject to Value Added Tax; appropriately reducing the number of subjects entitled to tax exemption or reduction. These issues, basically, have been introduced by the Ministry of Finance into the draft Law which is amending and supplementing some tax laws for social comments to submit to the National Assembly in the coming time.
As a point of view of a tax expert, what are your recommendations for a better fight against budget losses?
More work needs to be done to improve the effectiveness of tax avoidance in the coming time. In which, the following are the most important:
Firstly, reviewing, amending and supplementing legal documents on taxes promulgated and advised by the Ministry of Finance to perfect legal documents on tax under the promulgating competence of the National Assembly, the Standing Commission of the National Assembly and the National Assembly under the direction of transparency and simplicity while creating favorable conditions for production and business, closely managing and preventing tax fraud.
Secondly, improving the tax administration process in the direction of enhancing the application of risk management techniques in all aspects of tax administration and customs management; strengthening the application of information technology in tax administration and customs.
Thirdly, enhancing the training and raising both professional qualifications and professional ethics for tax officers and customs officers.
Fourthly, intensifying the internal inspection work, promptly detect and strictly handle acts of violation committed by tax officials and customs officers.
Fifthly, improving efficiency, modernizing the tax inspection, post-clearance inspection.
Finally, promoting taxpayers’ advocacy and support.
Thank you, Sir!
|
Related News
State budget revenue estimated at VND733.4 trillion
14:40 | 06/05/2024 Finance
Tax sector accompanies and supports tax finalization
09:34 | 21/03/2024 Finance
Accelerating disbursement of public investment from early year
18:59 | 07/01/2024 Finance
What makes difficulties for Customs sector in budget collection?
15:17 | 11/12/2023 Customs
Latest News
Many tax management solutions for e-commerce
10:01 | 16/05/2024 Finance
Completely resolve problems and accelerate public investment disbursement
14:41 | 15/05/2024 Finance
Tax, land rent payment deadlines to be extended this year
14:21 | 15/05/2024 Finance
Tax compliance management in the digital economy
11:32 | 15/05/2024 Finance
More News
Hai Phong: Budget revenue reached more than VND40,000 billion
13:57 | 14/05/2024 Finance
Price adjustment should be in implemented in appropriate time to control inflation
13:56 | 14/05/2024 Finance
Fiscal policy is expanded and flexible to promote economic growth 2024
13:28 | 13/05/2024 Finance
Closely follow the situation, research and propose many solutions about taxes and fees to support the economy
08:16 | 12/05/2024 Finance
Prevent corruption and group interests in developing financial laws
10:07 | 11/05/2024 Finance
"Creativity in revenue collection to achieve set goals in difficult contexts"
14:55 | 10/05/2024 Finance
Strive to effectively implement Global Minimum Tax in Vietnam
10:22 | 10/05/2024 Finance
State Treasury raises over $890 million worth of G-bonds in April
14:46 | 09/05/2024 Finance
State expenditure in the first four months of 2024 reaches VND522.2 trillion
09:54 | 09/05/2024 Finance
Your care
Many tax management solutions for e-commerce
10:01 | 16/05/2024 Finance
Completely resolve problems and accelerate public investment disbursement
14:41 | 15/05/2024 Finance
Tax, land rent payment deadlines to be extended this year
14:21 | 15/05/2024 Finance
Tax compliance management in the digital economy
11:32 | 15/05/2024 Finance
Hai Phong: Budget revenue reached more than VND40,000 billion
13:57 | 14/05/2024 Finance