The Tax Department quickly completes the collection task in 2023

HCM City Tax Department collects additional tax revenue of about VND2,000 billion

The General Department of Taxation said that it has extended, exempted, and reduced the total amount of taxes and land rent for businesses by about 165,026 billion VND. Photo: Hoai Anh

Strengthen management and prevent revenue loss

Data from the General Department of Taxation shows that, in the 11 months of 2023, the results of budget revenue managed by the Tax agency reached VND 1,336,002 billion, equal to 96.7% over the same period. Of which, revenue from crude oil is estimated at VND 56,544 billion, equal to 80% over the same period; Domestic revenue is estimated at VND 1,279,458 billion, equal to 97.6% over the same period; Domestic tax and fee collection is estimated to reach VND 1,023,817 billion, equal to 100.7% compared to the same period in 2022.

According to the General Department of Taxation, from the beginning of the year until now, policies on exemption and reduction of taxes, fees, charges, and land rent have helped promptly remove difficulties for businesses and people, actively contributing to ensuring economic stability of macroeconomics, controlling inflation, supporting production and business recovery. In the past 11 months, the Government and the National Assembly have issued according to their authority and submitted to competent authorities for promulgation much tax exemption, reduction and extension policies for businesses and people with a total amount of tax and land rent belonging to the Government. The area eligible for extension, exemption, or reduction is about VND 165,026 billion, of which, the amount of tax and land rent eligible for extension is about VND 106,946 billion; the amount of tax and land rent exempted or reduced is about VND 58,080 billion.

At the end of 2023, the entire Tax industry focuses and makes efforts in revenue management, striving to achieve the highest revenue according to the direction of the Government and the Ministry of Finance. The General Department of Taxation has established working groups to direct collection at the tax departments of provinces and centrally run cities. Accordingly, in November and December 2023, the entire industry will focus on synchronously and drastically implementing solutions to strengthen revenue management and prevent revenue loss associated with promoting administrative procedure reform, focusing on investigation and check; management and urging debt collection; tax refund work; strongly deploying information technology applications... In the past 11 months, tax refund management has been accelerated by the Tax industry and strictly controlled to ensure tax refunds are made to the right subjects and in accordance with the legal policies of the State. The General Department of Taxation has directed tax authorities at all levels to speed up the progress of refund processing, and at the same time promote control over VAT refund work, ensuring strict tax refunds. As a result, by the end of November 2023, the Tax agency had issued 16,778 VAT refund decisions with a total tax refund amount of VND 127,783 billion, equal to 68.7% of the 2023 VAT refund estimate passed by the National Assembly, equal to 93% compared to the same period in 2022.

As a result, by the end of November 2023, the Tax agency had issued 16,778 VAT refund decisions with a total tax refund amount of VND 127,783 billion, equal to 68.7% of the 2023 VAT refund estimate passed by the National Assembly, equal to 93% compared to the same period in 2022.

​According to the Tax agency, in the past 11 months, Tax agencies at all levels have carried out 62,343 inspections and checks, checking 581,367 tax declaration dossiers at the Tax agency, equal to 87.3% compared to the same period in 2022. The total amount proposed to be handled through inspection and examination is VND 57,937 billion, equal to 97.3% compared to the same period in 2022. Along with that, tax debt management has received attention from tax authorities at all levels, focus on implementation. By the end of November 2023, the entire tax debt recovery industry is estimated to have collected VND 42,312 billion. The total amount of tax owed to the Tax Administration industry is estimated at the end of November to be VND 163,591 billion, an increase of 2.6% compared to October 31, 2023, an increase of 10.7% compared to December 31, 2023. 2022…

Efforts and focus on budget collection work

Directing budget collection work, Director General of the General Department of Taxation Mai Xuan Thanh requested that in the final period of 2023, the entire Tax sector needs to continue its efforts and focus on budget collection work. In revenue management, strive to achieve the highest budget collection of assigned tasks. In addition, the General Director requested units to strengthen the implementation of synthesizing and updating 2023 state budget revenue results daily and weekly to serve the direction and management of revenue collection by the General Department of Taxation and the Ministry of Finance; Detailed assessment of implementation estimates for 2023, deployment of revenue estimates for 2024 according to each locality, each region, revenue, and tax.

At the same time, continue to closely monitor and evaluate the domestic and world economic situation; analyze and assess the impacts of fiscal and monetary policies implemented by countries on production and business activities of domestic enterprises to properly identify risks and promptly advise the Ministry of Finance and Government. The government has proactive scenarios and solutions in managing state budget revenues. At the same time, continue to organize effective tax management for foreign suppliers, review and urge foreign suppliers that have not yet implemented tax registration, tax declaration, and tax payment on the Electronic Information Portal of General Department of Taxation; continue to coordinate with relevant units to review and complete the content of upgrading the electronic information portal for foreign suppliers to ensure convenience during the implementation process. Along with that, continue to operate the electronic invoice system, accelerate the progress of upgrading and perfecting the infrastructure, ensuring smooth operation nationwide, especially in the last month of the year.

To ensure that the budget collection task meets the assigned estimate, according to Deputy Director General of the General Department of Taxation Phi Van Tuan, localities need to review all revenue sources in the area, thereby proposing solutions to improve revenue, completing overall budget collection tasks. Departments, units and localities need to review tax payment extension support packages to promptly collect the extended tax amount in December, avoiding new debts from arising.

Regarding modernization of tax collection and payment, Deputy Director General Mai Son said that in recent times, the General Department of Taxation has built many applications to support tax declaration and payment for individuals and business households; need to reassess the effectiveness of collection authorization work; promote propaganda and support for individual business households to pay taxes through tax industry applications, especially paying taxes on non-agricultural land use. In addition, it is necessary to comprehensively evaluate the tax declaration and payment activities of small and medium-sized enterprises, and on that basis, have comprehensive management solutions to expand revenue sources.