Many factors greatly affect revenue of Hai Phong Customs

VCN - By the end of November, Hai Phong Customs Department collected VND60,031.5 billion, reaching 75.13% of the target assigned by the Ministry of Finance (VND79,900 billion), a decrease of VND12,792.8 billion or 17.57% year-on-year. The decline in the department’s revenue is due to many objective factors.
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In 11 months, revenue from imported cars at Hai Phong Customs decreased by VND4,438.3 billion from the same period in 2022.

Offer many facilitation solutions

To fulfil the budget task in 2023, from the beginning of the year, Hai Phong Customs Department has implemented drastic and compressive solutions to ensure the revenue and prevent revenue loss.

Accordingly, the branches have regularly monitored, analyzed and evaluated the collection to clearly identify the causes of the increase or decrease to have timely solutions, make statistics and assessment of the import-export activities of enterprises operating in the area, enterprises with large revenue contributions to have measures to support and promptly resolve difficulties and problems in a timely fashion to ensure revenue and increase new revenues.

The department has regularly advised customs branches on budget collection, monitored and evaluated their performance on the monthly basis; classified businesses at the border gate according to their item to have management and solutions suitable to the actual situation of each unit.

In addition, the department has implemented the contents in the Plan on developing partnership between Customs and businesses and stakeholders; enhanced operation of working groups to quickly solve problems and difficulties for businesses, preventing complaints to higher levels; promoted support, communication and answered to the law-related questions and created maximum favorable conditions for production, business, import and export activities...

The entire department has strengthened the reform and modernization to facilitate trade and improve state management effectiveness, including electronic tax payment and customs clearance 24/7.

Regarding the prevention of revenue loss, the department has reviewed, classified, recovered and handled tax debts in accordance with instructions on management of tax debts and other revenues for exported and imported goods. Customs branches have carried out enforcement measures and issued temporary exit notices for business leaders to recover old and new debts.

Many impacts

Despite drastic and synchronous implementation of many solutions, the Department's budget revenue results declined compared to the same period last year.

A representative of Hai Phong Customs Department said that decline in the revenue is due to many reasons such as: Military conflicts in the world, high inflation in the United States and Europe; the impacts of the Covid -19 pandemic on the global economy and import-export activities; fluctuation in gasoline prices, plummet of shipping rates, consumption trends change; free trade agreements, new policies on economic management and trade promotion make the turnover of some key imported goods with high value at Hai Phong Customs Department decreased, greatly affecting revenue.

Specifically, tax cuts according to integration commitments and signed free trade agreements reduce revenue due to the application of special preferential tax rates (mainly 0% tax rate).

The application of self-defense tax and anti-dumping measures on a number of goods with high tax rates and import frequency through Hai Phong seaport such as: Iron and steel, fertilizer, MSG... led to turnover and revenue from the above items decrease significantly...

Notably, the volume and value of some items with a large import-export proportion at Hai Phong Customs Department decreased by over VND1,000 billion compared to the same period in 2022.

That is, imported CBU cars only earned VND10,726 billion, down to VND 4,438.3 billion compared to the same period in 2022.

Imported machinery and equipment earned VND10,695 billion, down VND3,233.4 billion; Imported petroleum earned VND1,148 billion, down VND1,840.3 billion.

Thus, the reduced revenue from the three groups mentioned above alone amounts to VND9,512 billion, accounting for 74.35% of the entire department's reduced revenue.

By Thai Binh/ Huyen Trang

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