Ho Chi Minh City Customs Department: Enhancing rate of e-tax collection and refund

VCN- Managing over 180,000 active businesses with over 120,000 businesses arising tax declaration, Ho Chi Minh City Customs Department is applying many programs to collect and refund the e-tax and facilitate tax payers.
ho chi minh city customs department enhancing rate of e tax collection and refund HCM City Customs continues meeting businesses to solve problems
ho chi minh city customs department enhancing rate of e tax collection and refund Tax revenues increased highly thanks to FDI enterprises
ho chi minh city customs department enhancing rate of e tax collection and refund Prosecuting a series of smuggling cases via Cat Lai Port
ho chi minh city customs department enhancing rate of e tax collection and refund
Businesses are implementing Tax procedures at Ho Chi Minh City Customs Department. Photo: T.H

According to Mr. Tran Ngoc Tam, Director of Ho Chi Minh City Customs Department, managing a large number of businesses, the Department regularly promotes administrative procedure reform to facilitate tax payers to fulfill their obligations. Until the end of July 2017, the number of businesses registering tax account to pay e-tax at Ho Chi Minh City Customs Department reached 99.43% compared to active businesses. In which, the number of accounts successfully registering e-tax at commercial banks reached 96.01% compared to active businesses. The number of businesses declared tax via the internet reached nearly 100%. The Department shall expand the e-invoice system with authentication codes of Tax authority for businesses in the City. In the first 7 months of 2017, the number of invoices sent for receiving authentication codes of 500,000 invoices with total revenues was 20,0000 billion VND.

Currently, on average, Ho Chi Minh City Customs Department refunded tax for 9,000-10,000 dossiers with the total amount of tax refund from 16,000 to 18,000 billion VND per year. With the huge amount of tax refund, if refund tax is implemented late, it will cause a big loss for businesses. In order to shorten the time of tax refund, the Tax authority strengthened e-tax refund. Ho Chi Minh City Customs completed the pilot application of information technology in VAT refund for 89 businesses under the registered list with the General Department of Taxation. Regularly contacting with tax payers via email for exchanging information between Tax authority and businesses, and guiding new tax policies and removing regular obstacles of businesses in a timely fashion.

From May 2017, the Ho Chi Minh Customs Department has received dossiers and returned results of VAT refund electronically. As a result, to the end of July 2017, the Department received and refunded tax nearly 100 billion VND. At the same time, Customs Branches have expanded the authorized collection, implemented the tasks to promote the development of businesses in the City and convert large household businesses into businesses and minimize the time of the on-site audit. The Tax authority must become the most intelligent authority which applies IT the best and the most efficiently.

Promoting administrative procedure reform, innovating and enhancing the quality of inspection and audit, Ho Chi Minh City Customs Department has developed a database of 180, 000 businesses for risk management, and selected 10-15% of businesses with the sign of violations to inspect and audit. Thereby shortening the time of on-site tax audit. Maintaining the implementation of authorized collection for business individuals paying tax under package method with Vietnam Post-Ho Chi Minh City Post in some Tax Branches. The Department collaborated with Vietnam Post-Ho Chi Minh City Post to preliminarily summarize the pilot implementation of authorized tax collection for business individuals paying tax under package method to evaluate achievements and shortcomings to effectively implement the authorized tax collection.

ho chi minh city customs department enhancing rate of e tax collection and refund Ho Chi Minh City: Nearly 1,400 billion vnd of tax debts

VCN- According to the Ho Chi Minh City Customs Department, until May 15th, 2017, total tax debt ...

The Director General of Taxation Bui Van Nam was committed to the Ho Chi Minh City business community in Ho Chi Minh City at the recent conference on commenting taxpayers that in 2017, the Taxation would propose the Ministry of Finance to amend regulations and policies to remove difficulties and barriers for businesses. Specifically, the taxation would propose the Ministry of Finance to submit revised laws of VAT Law, Corporate Income Tax Law, Personal Income Tax law, and Severance Tax law. Especially, from now to the end of the year, the General Department of Taxation would promote to complete the promulgation of new Decree on the invoice, in which supplementing content on e-invoice to replace Decree 51/2010/ND-CP. This new Decree would make a change on invoice management based on national database development.

Along with changes in management policies, the Taxation will reform the e- tax payment process in line with e-government. The pilot scope of the e-tax refund will also be expanded in all provinces and cities in the country. Besides, IT application, priority to new management methods to reduce costs for businesses and modernization of the management in line with the fourth technology revolution are taking place widely.

By Le Thu/Ngoc Loan

Related News

AEOs make great contributions to Vietnam’s trade development

AEOs make great contributions to Vietnam’s trade development

VCN – Currently, there are 76 Authorize Economic Operators (AEOs) across the country. The operators have made great contributions to Vietnam’s trade in goods.
Businesses cooperate to develop advanced technology

Businesses cooperate to develop advanced technology

VCN- In order to foster development of the high-tech sector, one of factors is close cooperation between businesses to improve competitiveness and promote innovation.
Risks for the economy when cash flow has not yet been put in to production and business

Risks for the economy when cash flow has not yet been put in to production and business

VCN - Investment channels in Vietnam have a lot of potential, but financial and banking expert Dr. Nguyen Tri Hieu, Director of the Institute for Research and Development of Global Financial and Real Estate Markets, said that cash flow into production and business is still modest, leading to risks for the economy.

Latest News

3 priority pillars of Japanese ODA capital flow in Vietnam

3 priority pillars of Japanese ODA capital flow in Vietnam

VCN - Mr. Sugano Yuichi, Chief Representative of the Vietnam Office of the Japan International Cooperation Agency (JICA), shared about the outstanding results in more than 30 years of implementing ODA projects in Vietnam and plans for the coming time.
Removing legal hurdles in regular spending for capital assets

Removing legal hurdles in regular spending for capital assets

VCN - Mr. Bui Anh Binh, Deputy Director of the Department of Public Administration (Ministry of Finance) emphasized that the issuance of Decree No. 138/2024/ND-CP has created an important legal corridor, promptly removed obstacles, and created conditions for ministries, branches, and localities to proactively use regular expenditures to carry out tasks and projects outside the approved medium-term public investment plan, and to be proactive in performing assigned tasks.
M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there are still difficulties, the economy is gradually returning to a high growth trajectory. In that context, it is necessary to let fiscal policy return to normal state.

More News

Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ceiling and safety threshold approved by the National Assembly, ensuring national financial security, increasing proactive response to risks arising from external and internal causes of the economy.
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

VCN - Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment; renovating, upgrading, expanding, and constructing new construction items in projects that have been invested in and constructed in the past.
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.
State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.
Rush to finalize draft decree on public asset restructuring

Rush to finalize draft decree on public asset restructuring

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.
Read More

Your care

Latest Most read
3 priority pillars of Japanese ODA capital flow in Vietnam

3 priority pillars of Japanese ODA capital flow in Vietnam

Mr. Sugano Yuichi, Chief Representative of the Vietnam Office of JICA, shared about the outstanding results in more than 30 years of implementing ODA projects in Vietnam and plans for the coming time.
Removing legal hurdles in regular spending for capital assets

Removing legal hurdles in regular spending for capital assets

Mr. Bui Anh Binh, Deputy Director of the Department of Public Administration (Ministry of Finance) emphasized that the issuance of Decree No. 138/2024/ND-CP has created an important legal corridor
M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ce
Mobile Version