Taxation: Budgetary revenues in the first 6 months of 2018 reached 49.3%

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The tax revenues was 49.3% of the estimate and increased by 13.1% over the same period of 2017. Photo: TL.

Specifically, revenues from crude oil were estimated at VND 29,565 billion (equal to 82.4% of the estimate, an increase of 25.3% over the same period of 2017); domestic revenues were estimated at VND 498,518 billion, equal to 48.2% of the estimate and 112.5% over the same period.

Those revenues exclude land use fees, dividends and profits. Income from lottery was estimated at VND 404,242 billion (equal to 46.6% of the plan, an increase of 13.5% over the same period).

According to the General Department of Taxation, in order to achieve this result, at the beginning of the year, tax authorities at all levels have implemented drastically revenue management; coordinated with local functional forces to enhance the review, exploited budget revenues in localities, closely controlled the registration, declaration, payment and finalization of tax to collect taxes as incurred.

The Taxation has also promoted the dissemination of new tax policies and tax administration to taxpayers, especially the reform of administrative procedures, supporting to remove difficulties for enterprises and facilitate taxpayers.

Tax authorities at all levels have propagated and supported taxpayers and the social community in various forms such as video and press, holding dialogues with enterprises, regularly updating news and articles on websites.

Organized weekly hearings for taxpayers; dialogues on tax policy and procedures to assist taxpayers in finalizing personal income tax and corporate income tax.

Along with that, the Taxation has also intensified the inspections and examination to prevent losses, ensure healthy business environment and improve the lawfulness of taxpayers.

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The Taxation has implemented synchronous measures to manage tax debt to urgently recover the budget and minimize the amount of new debts. The General Department of Taxation has developed and assigned tax collection targets in 2018 for each unit.