The General Department of Customs proactively implemented many budget collection solutions right from the beginning of the year

VCN - The world and domestic economies are forecasted to still have many unpredictable factors, which will impact the operations of the Customs sector in 2024. Facing many difficulties, the General Department of Customs has proposed many specific measures right from the beginning of the year to best complete the assigned state budget collection tasks.
Lang Son Customs: Positive signals from budget collection work Lang Son Customs: Positive signals from budget collection work
What makes difficulties for Customs sector in budget collection? What makes difficulties for Customs sector in budget collection?
11-month budget collection reached 95% of estimate 11-month budget collection reached 95% of estimate

Adverse effects

In 2023, the world economy faced many difficulties and challenges. In particular, most economies in the world had growth rates lower than expected, inflation has cooled down but is still high, leading to tightened monetary policy, global public debt has increased to record levels, meanwhile, the Russia-Ukraine military conflict, the Hamas-Israel conflict continue to escalate, geopolitical instability, food security, natural disasters, climate change, etc are increasing.

Meanwhile, the shopping trend of consumers around the world has decreased sharply, the global supply chain continues to face the risk of disruption and rupture, leading to many consequences for import-export activities and economic growth. In particular, major economies that are Vietnam's export partners such as the United States and the EU reduced their purchasing targets, causing the volume of orders from businesses to decrease sharply, etc.

Ho Chi Minh City Customs officers carry out procedures for imported goods. Photo: T.H
Ho Chi Minh City Customs officers carry out procedures for imported goods. Photo: T.H

A representative of the Import-Export Tax Department, General Department of Customs said that the above context has had an impact on reducing the country's import-export turnover, affecting the state budget collection of the Customs sector. In that context, striving to achieve the assigned state budget revenue target in 2023, the Director General of the General Department of Customs soon issued a Directive on the synchronous and drastic implementation of solutions to enhance trade facilitation, effective state management, preventing revenue loss. At the same time, promote the modernization of electronic tax collection management and 24/7 customs clearance.

Statistics as of December 31, 2023, the Customs sector has deployed electronic tax collection and 24/7 customs clearance with 42 banks; signed a cooperation agreement to coordinate collection with 47 banks; There are 8 banks that have implemented collection work. Thanks to actively implementing many solutions synchronously, in 2023, the Customs sector's collection to the state budget will reach 369,093 billion VND.

Set out solutions right from the beginning of the year

Entering 2024, the General Department of Customs was assigned by the National Assembly a state budget revenue estimate of VND 375,000 billion. However, it is forecasted that the internal and external economic situation still faces many challenges and unpredictable fluctuations, in order to complete the assigned revenue estimates, the Customs sector has proposed many solutions to implement right from the beginning of the year.

Specifically, the entire Customs sector continues to reform and simplify administrative procedures related to customs procedures, tax policies, tax management, tax refund and tax exemption regimes, and remove difficulties that create favorable conditions for businesses. In addition, continue to promote cooperation with banks to implement electronic tax payment and customs clearance 24/7, pilot tax payment through intermediary payment service providers, ensuring that taxpayers can pay taxes anytime, anywhere, by any means.

Provincial and city customs departments need to seriously implement budget revenue management from the beginning of 2024; Strengthen review and grasp revenue sources; Research and implement solutions to increase revenue and prevent budget loss; proactively evaluate the impact of international integration commitments on budget revenue. At the same time, focus on reviewing and firmly grasping the tax debt situation; Classify debt groups and tax debt status of enterprises, and propose handling measures according to regulations and requirements of the General Department of Customs.

Based on the direction of the General Department of Customs, most provincial and city customs departments have been developing plans and implementing solutions to both facilitate trade and prevent revenue loss, ensuring correct collection into the state budget. In particular, focus on increasing information collection and identifying signs of risk to have inspection, supervision and control measures; post-customs clearance inspection, specialized inspection, fight against smuggling and trade fraud; Focus on checking quantity, value, code, origin, etc and be determined not to let loss of revenue occur.

By Nu Bui/ Phuong Linh

Related News

Customs industry’s revenue increases thanks to high value of four major import and export commodity groups

Customs industry’s revenue increases thanks to high value of four major import and export commodity groups

VCN – As of July 17, the revenue of the whole Customs industry increased by about 8% year-on-year to VND 221,829 billion, meeting 59.2% of the estimate. The results have contributed by the revenue from four major import and export commodity groups.
2025 budget estimation must be practical, accurate and efficient

2025 budget estimation must be practical, accurate and efficient

VCN - Directing the 2025 state budget estimation, Minister of Finance Ho Duc Phoc emphasized that units must ensure that the 2025 budget estimation must be practical, accurate, efficient, and meet the requirements for performing professional and political tasks assigned to central and local agencies.
The local Finance sector is flexible and strict in managing budget revenues and expenditures

The local Finance sector is flexible and strict in managing budget revenues and expenditures

VCN - Although the forecast for the last 6 months of the year will still have many difficulties and challenges, the Finance sector in all localities expressed their determination to strive to achieve and exceed estimates, while strengthening the prevention of revenue loss and handling tax debt recovery, etc.
Important innovation in the draft Law on Management and Investment of State Capital at Enterprises

Important innovation in the draft Law on Management and Investment of State Capital at Enterprises

VCN - Continue to collect comments on the draft Law on Management and Investment of State Capital at Enterprises, representatives of state-owned enterprises all said that the work of developing the Law needs to pay attention to avoid overlap when implementing with other related laws.

Latest News

Which factors caused a reduction of Da Nang Customs’ revenues?

Which factors caused a reduction of Da Nang Customs’ revenues?

VCN - By the end of June 30th, Da Nang Customs Department has collected VND1,582.8 billion, achieving 45.2% of assigned target (VND 3,500 billion), a decline of 8.86% comparing to the same period 2023 (VND 1,736.8 billion).
362,000 C/O form AK and VK/KV are received via EODES system

362,000 C/O form AK and VK/KV are received via EODES system

VCN - As of early July 2024, about 362,000 C/Os have been transmitted and received through the Electronic Origin Data Exchange System (EODES), of which more than 124,000 C/Os were issued by the Korean side and more than 238,000 C/Os were issued by Vietnam.
Dak Lak Customs: Focus on solutions to attract businesses and develop new revenue sources

Dak Lak Customs: Focus on solutions to attract businesses and develop new revenue sources

VCN - Facilitating import and export activities and attracting businesses to carry out procedures are the key solutions of Dak Lak Customs Department to ensure the completion of assigned budget revenue targets.
Customs actively hold dialogues to develop Customs-Business partnerships

Customs actively hold dialogues to develop Customs-Business partnerships

VCN - Business associations highly appreciated the initiative to develop the Customs-Business partnership of the General Department of Vietnam Customs. In particular, the Customs agency actively opens dialogue channels to answer problems for businesses, and at the same time absorbs and amends legal documents and policies in a direction that creates favorable conditions for businesses.

More News

HCM City Customs revoke declared value of more than 4,000 declaration after consultation

HCM City Customs revoke declared value of more than 4,000 declaration after consultation

VCN - Through price consultation operations for import and export goods, Ho Chi Minh City Customs Department has rejected the declared value of over 4,000 customs declarations.
Businesses share about developing Customs-Business partnerships

Businesses share about developing Customs-Business partnerships

VCN - It is hopeful that businesses will accompany the Customs agency to build and develop the Customs-Business partnership in depth and substance according to the orientation of the Customs Development Strategy until 2030.
Facilitating and attracting import and export goods through An Giang border gate

Facilitating and attracting import and export goods through An Giang border gate

VCN - Actively support, promptly answer and guide businesses importing and exporting goods, transit through An Giang border gates has increased significantly in the first half of 2024, creating a source of state budget revenue for the An Giang Customs Department.
Quang Ninh Customs considers businesses as partners for cooperation and development

Quang Ninh Customs considers businesses as partners for cooperation and development

VCN - Businesses also noted quick and timely access to customs legal documents; regularly receive support to solve difficulties from the Customs authorities.
Binh Phuoc Customs: Efforts to overcome budget collection challenges in the last months of the year

Binh Phuoc Customs: Efforts to overcome budget collection challenges in the last months of the year

VCN - Although the revenue collection results at Binh Phuoc Customs Department recorded positive results in the first 6 months of the year, it is predicted that the situation in the last 6 months of the year will have many difficulties and challenges.
Hanoi Customs faces difficulties in state budget collection

Hanoi Customs faces difficulties in state budget collection

VCN - According to Hanoi Customs Department, although the import-export turnover of goods in the first six months of the year at the unit increased, many imported products with large revenue contribution and high tax rates decreased, having a great impact on the unit's budget revenue results.
Terminate the operation of many customs broker agents

Terminate the operation of many customs broker agents

VCN - The General Department of Customs has just issued decisions to terminate customs broker agent operations for unqualified businesses.
Lao Cai: about 500 vehicles are cleared through customs everyday

Lao Cai: about 500 vehicles are cleared through customs everyday

VCN - Information has been released at the inter-sector briefing conference summarizing border gate management in the first six months of the year, and task orientation for the last six months of 2024 held by the Economic Zone Authority of Lao Cai province.
Positive result in digital transformation of Customs sector

Positive result in digital transformation of Customs sector

VCN - Implementing the digital transformation plan, the Customs sector has proactively deployed many solutions and achieved positive results, demonstrated through all aspects of customs operations; providing online public services; implementing the National Single Window, ASEAN Single Window...
Read More

Your care

Latest Most read
Customs industry’s revenue increases thanks to high value of four major import and export commodity groups

Customs industry’s revenue increases thanks to high value of four major import and export commodity groups

VCN - In 2024, the Customs sector is assigned an estimate of VND375,000 billion. The revenue in the first seven months of the year is estimated to increase by 10.43% year-on-year to VND234,800 billion, meeting 62.61% of the estimate.
Which factors caused a reduction of Da Nang Customs’ revenues?

Which factors caused a reduction of Da Nang Customs’ revenues?

Da Nang Customs Department has collected VND1,582.8 billion, achieving 45.2% of assigned target (VND 3,500 billion), a decline of 8.86% comparing to the same period 2023 (VND 1,736.8 billion).
362,000 C/O form AK and VK/KV are received via EODES system

362,000 C/O form AK and VK/KV are received via EODES system

As of early July 2024, about 362,000 C/Os have been transmitted and received through the Electronic Origin Data Exchange System (EODES)
Dak Lak Customs: Focus on solutions to attract businesses and develop new revenue sources

Dak Lak Customs: Focus on solutions to attract businesses and develop new revenue sources

Facilitating import and export activities and attracting businesses to carry out procedures are the key solutions of Dak Lak Customs Department to ensure the completion of assigned budget revenue targets.
Customs actively hold dialogues to develop Customs-Business partnerships

Customs actively hold dialogues to develop Customs-Business partnerships

Business associations highly appreciated the initiative to develop the Customs-Business partnership of the General Department of Vietnam Customs.
Mobile Version