Focus on tax inspection and examination at risky businesses

VCN - By the end of 2019, in addition to strict management of revenue and collection of outstanding debts, the tax sector is stepping up inspection and examination, striving for the inspection rate on the total number of operating enterprises to reach18%.
tin nhap 20191226164043 HCM City: Conducting tax inspections on nearly 20,000 enterprises
tin nhap 20191226164043 Proposal to collect over VND 192 billion from tax inspection and audit
tin nhap 20191226164043 Strengthening discipline of tax inspection
tin nhap 20191226164043
The General Department of Taxation has requested tax departments to assign specific tasks to inspection bureaus and teams. Photo: T.Linh.

Proposals processed through inspection and examination of more than 50,000 billion

According to the latest statistics fromthe General Department of Taxation, by the beginning of December, the tax agencies at all levels have conducted 80,984 inspections,reaching 92.32% of the plan for 2019.At the same time, it examined 427,018 tax declaration dossiers at tax offices. Since then, the total number of recommendations processed through inspection and examination is more than VND50 trillion. In particular, the total amount of tax increased through inspection and examination was more than VND13.6 trillion; deducted over VND2 trillion; reduce a loss of VND34.2 trillion. The total amount of tax estimated to be paid into the budget was VND9.2 trillion.

Sincethe beginning of the year,in inspection and control work, the General Department of Taxation has requested the tax departments to seriously direct and take measures to step up inspection and examination work both in quantity and quality.There are specific measures to strive to complete the plan in 2019. The General Department of Taxation requires units to focus on inspection and examination for businesses, industries and fields that often incurhigh risks, enterprises with big turnover, high risks through common violations to ensure an increase in revenue through inspection and examination.

Currently, many localities are strengthening inspection and examination to fulfill the assigned targets in 2019. For example, at Hung Yen Tax Department, as of November 27, 2019, this unit has completed 654 inspections, reaching 70.6% of the plan. Since then, the amount of arrears and penalties was VND59.1 billion, losses were VND164.7 billion, deducted amounts totalledVND22.4 billion. The Hung Yen Tax Department is also speeding up the inspection and examination, focusing mainly on businesses with high tax risks; inspection, examination, settlement and refund of Value Added Tax. Hung Yen Tax Department strives to complete the assigned inspection and examination plan by December 31, 2019, ensuring the quality and prescribed time.

At the Hanoi Tax Department, this unit is also strengthening record inspection at tax offices and inspection by special topics. At the same time, collecting and synthesizing violations as well as regularly analyzing and collecting risk identification to additionally review inspection and examination plans.

Coordinating with the authorities

Directing the management of revenue and preventing revenue loss at the end of the year, the General Department of Taxation requested tax departments and tax sub-departments to assign specific tasks to inspection teams and departments to accelerate the inspection and examination according to plans approved by the General Department of Taxation. In order to complete the inspection and examination work, the General Department of Taxation's leaders also require tax departments to arrange sufficient human resources for inspection and examination delegations to accelerate the progress and complete the number of inspections. It needs to closely followthe implementation of conclusions of inspection and examination at each enterprise in order to urge enterprises to fully and promptly submit to the state budget.

The General Department of Taxation requires that inspection and examination must be based on risk analysis, selecting businesses with good revenue to supply and replace inspection plans, or conduct inspections and thematic tests to ensure right and full collection for businesses with large revenues.

In addition to striving to complete the inspection plan according to the plan with high effectiveness, the General Department of Taxation also requires tax agencies to strengthen coordination with functional agencies to promptly handle information related to suspicious transactions transferred by the inspection and supervision agency (the State Bank) and Police;information of tax law violations and handling complaints and denunciations related to tax administrationtransferred byCustoms agencies.Especially, reviewing information from abroad through international tax information exchange with tax declaration system to detect and collect arrears if any.

tin nhap 20191226164043 Tax inspection and examination at enterprises should not be prolonged

VCN- The General Department of Taxation has issued an official letter to request local tax departments to ...

At the same time, local tax authorities should actively deploy and urge enterprises to implement conclusions and recommendations of the State Audit Agency, Government Inspectorate, update the implementation of recommendations of these agencies to the units on the increase of the State budget revenues on taxes, fees, after-tax profits, land use fees to increase budget revenue.

By Thuy Linh/Quynhlan

Related News

The local Finance sector is flexible and strict in managing budget revenues and expenditures

The local Finance sector is flexible and strict in managing budget revenues and expenditures

VCN - Although the forecast for the last 6 months of the year will still have many difficulties and challenges, the Finance sector in all localities expressed their determination to strive to achieve and exceed estimates, while strengthening the prevention of revenue loss and handling tax debt recovery, etc.
Important innovation in the draft Law on Management and Investment of State Capital at Enterprises

Important innovation in the draft Law on Management and Investment of State Capital at Enterprises

VCN - Continue to collect comments on the draft Law on Management and Investment of State Capital at Enterprises, representatives of state-owned enterprises all said that the work of developing the Law needs to pay attention to avoid overlap when implementing with other related laws.
Hai Phong Customs increases by nearly VND1,300 billion in revenue

Hai Phong Customs increases by nearly VND1,300 billion in revenue

VCN - Positive growth in budget revenue is one of the important and outstanding results of Hai Phong Customs Department in the first six months of 2024.
Quang Ninh Customs strives to exceed budget revenue targets

Quang Ninh Customs strives to exceed budget revenue targets

VCN - In the second half of 2024, Quang Ninh Customs needs to focus on implementing the task of building digital border gates; striving to complete and exceed assigned budget revenue targets, contributing to the overall achievements of the entire Customs sector.

Latest News

Proposal to increase Special Consumption Tax on tobacco products

Proposal to increase Special Consumption Tax on tobacco products

VCN - At the workshop Special Consumption Tax on cigarettes held by Vietnam Tax Consulting Association and the Institute of Financial Strategy and Policy on July 16, experts and businesses clarified the goals and content of amended the special consumption tax policy on tobacco products. According to experts, there cannot be a solution that fully ensures the benefits of both consumers, the state and businesses, but it is necessary to choose the most optimal option to achieve the initially set goals.
Savings of individual customers at banks hit record high

Savings of individual customers at banks hit record high

In spite of low interest rates, figures from the State Bank of Vietnam (SBV) released this week show deposits of individual customers increased by more than VNĐ39.7 trillion in April, to reach more than VNĐ6.7 quadrillion.
Managing fiscal policy has achieved many positive and comprehensive results

Managing fiscal policy has achieved many positive and comprehensive results

VCN - On July 15, the Ministry of Finance held an online conference to summarize state budget financial work in the first 6 months of the year, implementing tasks in the last 6 months of 2024. Minister of Finance Ho Duc Phoc attended and directed the conference. Also attending the Conference were Deputy Ministers of Finance, leaders of units under the Ministry of Finance.
Determine tools, policy for inflation control

Determine tools, policy for inflation control

VCN - According to economic expert Associate Professor, PhD. Ngo Tri Long (photo), former Director of the Price Market Research Institute (Ministry of Finance), inflation is an issue that needs special attention, especially related to the management of monetary policy, interest rates, increasing prices of goods and services...

More News

The impact of wage increases on inflation will not be too significant

The impact of wage increases on inflation will not be too significant

VCN - Addressing concerns related to wage and price increases, Dr. Nguyen Duc Do, Vice Director of the Institute of Economics - Finance (Finance Academy), believes there are not many factors causing sudden price surges in the last 6 months of 2024. Therefore, it can be expected that the rate of price increases in the last 6 months will be comparable to that in the first 6 months of 2024.
Imposing and raising special consumption tax contributing to change consumption behavior

Imposing and raising special consumption tax contributing to change consumption behavior

VCN - At the Workshop on Comments on Completing the Revised Law on Special Consumption Tax (SCT) organized by the Vietnam Confederation of Commerce and Industry (VCCI) on July 11, many experts and businesses contributed their opinions to clarify the importance and impact of the revised special consumption tax law, which emphasizes the addition of taxable areas or tax increases to change society's consumption behavior.
Finance industry excellently accomplishes financial and budget tasks in the first half of 2024: Minister Ho Duc Phoc

Finance industry excellently accomplishes financial and budget tasks in the first half of 2024: Minister Ho Duc Phoc

VCN - The Finance industry excellently accomplishes financial and budget tasks in the first half of 2024, said by Minister of Finance Ho Duc Phoc at the Online conference to review performance of financial and budget tasks in the first half of 2024 and set out tasks for the second half of the year.
Mobile Money users in Vietnam rise rapidly

Mobile Money users in Vietnam rise rapidly

The number of Mobile Money service users in Vietnam reached more than 8.8 million customers by the end of May, an increase of 3.3% over the same period last month.
Foreign service providers have paid VND4,039 billion of tax in the first half of 2024

Foreign service providers have paid VND4,039 billion of tax in the first half of 2024

VCN - In the first six months of 2024, there are 26 foreign service providers newly registered, declared and paid tax in Vietnam.
Continue to warn about forms of fraud against taxpayers

Continue to warn about forms of fraud against taxpayers

VCN - In response to the increasing prevalence of sophisticated scams targeting taxpayers, the General Department of Taxation (GDT) has issued directives to tax authorities nationwide to strengthen individual income tax management and provide warnings and preventive measures to help taxpayers remain vigilant and protect themselves from fraudulent activities.
Under amended law, it needs clarification on cooperation between commercial banks and insurance companies

Under amended law, it needs clarification on cooperation between commercial banks and insurance companies

VCN - Banks and insurance businesses have different understandings of the regulations in the Law on Credit Institutions 2024.
Corporate bond issuance soars in comparison to 2023

Corporate bond issuance soars in comparison to 2023

VCN - According to the Ministry of Finance, from the beginning of the year to June 21, 2024, 41 enterprises have issued private corporate bonds with a total value of VND 110.2 trillion.
Tax debt recovery is estimated to achieve VND 45,468 billion

Tax debt recovery is estimated to achieve VND 45,468 billion

VCN - In the first half of 2024, tax authority at all level has issued 16,859 notifications on temporary exit suspension and recovered VND918.7 billion of tax debt from 1,482 taxpayers.
Read More

Your care

Latest Most read
Proposal to increase Special Consumption Tax on tobacco products

Proposal to increase Special Consumption Tax on tobacco products

According to experts, there cannot be a solution that fully ensures the benefits of both consumers, the state and businesses, but it is necessary to choose the most optimal option to achieve the initially set goals.
Savings of individual customers at banks hit record high

Savings of individual customers at banks hit record high

In spite of low interest rates, figures from the State Bank of Vietnam (SBV) released this week show deposits of individual customers increased by more than VNĐ39.7 trillion in April, to reach more than VNĐ6.7 quadrillion.
Managing fiscal policy has achieved many positive and comprehensive results

Managing fiscal policy has achieved many positive and comprehensive results

Ministry of Finance held an online conference to summarize state budget financial work in the first 6 months of the year, implementing tasks in the last 6 months of 2024.
Determine tools, policy for inflation control

Determine tools, policy for inflation control

Inflation is an issue that needs special attention, especially related to the management of monetary policy, interest rates, increasing prices of goods and services...
The impact of wage increases on inflation will not be too significant

The impact of wage increases on inflation will not be too significant

VCN - Addressing concerns related to wage and price increases, Dr. Nguyen Duc Do, Vice Director of the Institute of Economics - Finance (Finance Academy), believes there are not many factors causing sudden price surges in the last 6 months of 2024. Theref
Mobile Version