Ho Chi Minh Tax Department: Recoverable debt reduces over 28%

VCN- According to Ho Chi Minh City Tax Department, as of 31st December 2017, total recoverable debt in the Department was VND 7,777 billion, accounting for 3.3% of total revenue, reducing it by 28.35% compared to the same period in 2016.
ho chi minh tax department recoverable debt reduces over 28 Ho Chi Minh Customs Department: Collecting thousands of billion VND from tax audit and anti-loss of tax revenue
ho chi minh tax department recoverable debt reduces over 28 HCMC Tax Department: Rising revenue and reducing loss of trillions of VND due to examination and inspections
ho chi minh tax department recoverable debt reduces over 28 Ho Chi Minh City Tax Department implements many solutions to support taxpayers
ho chi minh tax department recoverable debt reduces over 28

Transaction in Ho Chi Minh Tax Department. Photo: N.H

Tax debt management is considered as the key task, contributing to accomplishing the task of State revenue collection in 2017. Hence, from the beginning of the year, Ho Chi Minh Tax Department has strengthened the review and classification of tax debt in accordance with provisions and guidance, taken measures to collect debt and enforce the tax amount, fine for late payment and revenue related to land.

Especially, the Tax Department has deployed synchronously many measures, including developing data on automated messenger via SMS to the representatives of businesses (data of 4,000 businesses were developed), in 2017 sent messages to 2,000 businesses to collect tax debt; issuing 100% of notices on tax debt payment and late payment; issuing 8,080 turns of notices on applying enforcement measures, such as deducting money from accounts, notifying invoices for no longer use value, seizing property and revoking business registration certificates.

Also, the Department publicized information of 736 turns of tax debt business in website and magazine of the Tax sector.

ho chi minh tax department recoverable debt reduces over 28 HCM City: Domestic collection achieves VND 207,053 billion

VCN – According to HCM City Taxation Department, by the end of 11/2017, the state revenue collected ...

According to Ho Chi Minh City Customs Department, in 2018, the Department will assign target of debt collection to each relevant division and each Tax branch, and supervise and urge units to deploy debt collection in accordance with provisions to reduce the amount of Tax debt by 31st December 2018 and to not exceed the amount in 2017.

By Nguyen Hue/ Ngoc Loan

Related News

Binh Dinh Customs: Set a goal to upgrade administrative reform

Binh Dinh Customs: Set a goal to upgrade administrative reform

VCN - Setting the goal of upgrading administrative reform, in 2024, Binh Dinh Customs Department has drastically implemented many solutions to create leverage to support businesses and facilitate trade.
Hai Phong Customs collects more than VND6,200 billion in April

Hai Phong Customs collects more than VND6,200 billion in April

VCN - April is the month with the highest budget revenue of Hai Phong Customs Department in the first four months of the year.
Post-Customs Clearance Audit Department contributes 90% of entire customs sector’s revenue

Post-Customs Clearance Audit Department contributes 90% of entire customs sector’s revenue

VCN - As of April, the Post-Customs Clearance Audit Department alone contributed 90% of the entire Customs sector’s revenue.
Customs collects nearly VND35,000 billion within one month

Customs collects nearly VND35,000 billion within one month

VCN - In April, the Customs revenue saw a significant increase compared to the previous month.

Latest News

After six consecutive increase years, tax revenue from real estate transfer plunges

After six consecutive increase years, tax revenue from real estate transfer plunges

VCN – In 2023, real estate market was in extremely difficult time, purchasing power and liquidation had a sharp decline and there was a lack of cash flow, the amount of personal income tax (PIT) from real estate transfer activities plunged.
Improve processes and enhance experience to rebuild trust in life insurance

Improve processes and enhance experience to rebuild trust in life insurance

VCN - In Vietnam, the space and potential of the life insurance industry is still very large, so it is necessary to focus on implementing new solutions, improving product quality, and helping the market develop sustainably.
PM chairs meeting on fiscal, monetary policy management

PM chairs meeting on fiscal, monetary policy management

Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.
Many tax management solutions for e-commerce

Many tax management solutions for e-commerce

VCN - In Vietnam, the e-commerce market is increasingly growing and expanding with a diversity of operating models, many participants... posing great challenges for tax management.

More News

Completely resolve problems and accelerate public investment disbursement

Completely resolve problems and accelerate public investment disbursement

VCN - In the first 4 months of 2024, the disbursement of public investment capital reached 17.46% of the plan assigned by the Prime Minister, higher than 15.65% in the same period last year. However, to further speed up this work, the Ministry of Finance believed that it needed to urgently overcome problems that have existed for a long time, especially in key projects.
Tax, land rent payment deadlines to be extended this year

Tax, land rent payment deadlines to be extended this year

Payment deadlines for value added tax (VAT), corporate income tax, personal income tax, and land rent in 2024 are set to be extended, involving a total tax value of nearly 84 trillion VND (3.3 billion USD).
Tax compliance management in the digital economy

Tax compliance management in the digital economy

VCN - The management of tax compliance in the digital economy has faced many challenges compared to the traditional economy. The transactions made via the internet environment and digital platforms have caused monitoring, controlling and management difficulties. Therefore, it is required to have appropriate solutions for management and ensuring revenue sources.
Hai Phong: Budget revenue reached more than VND40,000 billion

Hai Phong: Budget revenue reached more than VND40,000 billion

VCN - The results of Hai Phong City's revenue collection achieved a good growth rate, expected to reach hundreds of trillion VND for the third consecutive year.
Price adjustment should be in implemented in appropriate time to control inflation

Price adjustment should be in implemented in appropriate time to control inflation

VCN – The increase in base salary, deposit interest rates, exchange rates and gold prices, and adjustment of prices of public services and State-managed goods are “threats” in price management and inflation control from now until the end of the year. However, Dr. Nguyen Duc Do, Deputy Director of the Institute of Economics and Finance (Academy of Finance), these are not too big impacts, it is necessary to monitor and calculate the appropriate time and level.
Fiscal policy is expanded and flexible to promote economic growth 2024

Fiscal policy is expanded and flexible to promote economic growth 2024

VCN - Recently, the Ministry of Finance has proactively researched, proposed, and submitted to competent authorities as well as issued financial support policies for the economy, with a total of about VND700 trillion. This is a particularly important resource that contributes to promoting the economic recovery process after the pandemic. According to experts, in 2024, flexible and prudent fiscal policy will continue to be the foundation for the economy.
Closely follow the situation, research and propose many solutions about taxes and fees to support the economy

Closely follow the situation, research and propose many solutions about taxes and fees to support the economy

VCN - In 2024, along with evaluating and summarizing the implementation of support solutions that have been issued, the Ministry of Finance will continue to coordinate with ministries and branches to closely monitor the actual situation and forecast the situation of socio-economic development to research and propose to competent authorities about support solutions on taxes and fees to apply in 2024.
Prevent corruption and group interests in developing financial laws

Prevent corruption and group interests in developing financial laws

VCN - In order to prevent corruption, group interests, and local interests, the Ministry of Finance requires its subordinate units to strengthen the building and perfecting legal system and law enforcement organization. Accordingly, the Ministry will strictly handle corruption, negative acts and group interests in policy development.
"Creativity in revenue collection to achieve set goals in difficult contexts"

"Creativity in revenue collection to achieve set goals in difficult contexts"

VCN - The Ministry of Finance held an online briefing conference to evaluate the implementation of financial and budget work in April and deploy the work program for May 2024. Minister of Finance Ho Duc Phoc chaired the conference.
Read More

Your care

Latest Most read
After six consecutive increase years, tax revenue from real estate transfer plunges

After six consecutive increase years, tax revenue from real estate transfer plunges

VCN – In 2023, real estate market was in extremely difficult time, purchasing power and liquidation had a sharp decline and there was a lack of cash flow, the amount of personal income tax (PIT) from real estate transfer activities plunged.
Improve processes and enhance experience to rebuild trust in life insurance

Improve processes and enhance experience to rebuild trust in life insurance

VCN - In Vietnam, the space and potential of the life insurance industry is still very large, so it is necessary to focus on implementing new solutions, improving product quality, and helping the market develop sustainably.
PM chairs meeting on fiscal, monetary policy management

PM chairs meeting on fiscal, monetary policy management

Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.
Many tax management solutions for e-commerce

Many tax management solutions for e-commerce

VCN - In Vietnam, the e-commerce market is increasingly growing and expanding with a diversity of operating models, many participants... posing great challenges for tax management.
Completely resolve problems and accelerate public investment disbursement

Completely resolve problems and accelerate public investment disbursement

In the first 4 months of 2024, the disbursement of public investment capital reached 17.46% of the plan assigned by the Prime Minister, higher than 15.65% in the same period last year.
Mobile Version