Many factors cause reduction of revenue collection at Dong Nai Customs Department

Dong Nai Customs officials checked imported goods of enterprise. Photo: N.H

According to Dong Nai Customs Department, when developing the State budget estimate in 2020, the unit based on the factor of collecting tax from imported petrol. However, due to the fluctuation of petrol prices in the world which reduced significantly in the first months of 2020, along with the decrease in the number of enterprises that imported petrol to implement procedures at Dong Nai Customs Department. Hence, it led to a reduction of VND 150.6 billion of revenue from imported petrol.

Besides that, the sharp reduction of import tariff rates when implementing FTAs also affected the revenue of the unit. Specifically, cigarette items decreased VND 99.7 billion, a reduction of 72% over the same period in 2019 due to enjoying special preferential tariff rates due to imports from countries with C/O.

The impact of the Covid-19 pandemic is the main cause of the sharp decrease of the State revenue of Dong Nai Customs Department in the first six months of 2020. The pandemic seriously affected supply chains and global trade, while global and domestic supply-demand balance also dropped sharply.

Therefore, total export and import turnover of Dong Nai and Binh Thuan provinces in the first six months of 2020 fell sharply compared to the same period in 2019. The total import-export turnover with taxes until June 30, 2020 reached $2,542 million, down nearly 15% compared to the same period in 2019. In particular, export turnover with tax decreased by 20%, only $14,9 million; import turnover with tax decreased by nearly 15%, equal to a decline of $2,527 million.