HCM City: Domestic collection achieves VND 207,053 billion

Enterprises implement procedures at HCM City Tax Department. Photo: Nguyễn Huế

In particular, domestic collection, excluding oil, is VND 192,068 billion, achieved 84.81% of current appropriation, and increasing by 14.32%. Collection from crude oil achieved VND 14,985 billion, reached 121% of current appropriation, and increased by 17.91% compared to the same period in 2016.

HCM City Tax Department said that, in 2017, the budget revenue of the unit has many advantages as the socioeconomic situation in the first 11 months of the year continues to maintain a stable level. Thus it facilitates to the production and business activities of enterprises. According to statistics, the number of newly established enterprises in the period continued to increase in both quantity and registered capital.

Besides that, at the beginning of the year, the People's Committee of HCM City has led and directed the departments, agencies and localities to coordinate with Tax authorities in implementing tax administration to boost tax collection, avoid tax losses and recover tax debts in order to ensure the completion of fiscal tasks in 2017. On the other hand, the Department of Taxation has actively analyzed the advantages and disadvantages impacting upon revenue sources in 2017, so that they can focus on directing the budget collection in the last months of the year and ensure the fulfillment of budget collection tasks.

According to the report of the HCM City Tax Department, by the end of November 2017, the revenue of the Tax Branches in the area has completed the assigned appropriation with the amount of VND 61,645 billion, reaching 100.08% of current appropriation, which increased by 8.67% over the same period in 2016. There are 14 District Tax Branches that completed 100% current appropriation. They are: district Tax Departments: 2, 6, 7, 8 9, 12, Tan Binh, Tan Phu, Go Vap, Thu Duc, Binh Tan, Binh Chanh, Cu Chi and Can Gio districts.