The Taxation collected more than VND 14 trillion from inspections and examinations

	Deputy Minister Vuong Dinh Hue urges to reduce the rate of specialized inspection to 15%
	Increasing revenue by tax inspection
	Implementing the Law on Inspection, Tax authority loss of dozens of trillion VND

Enterprises carried out procedures at HCMC Tax Department. Photo: Nguyen Hue

According to Bui Van Nam, Director General of Taxation, from the beginning of 2017, the General Department of Taxation set up and assigned the targets of inspection and examination to local tax departments (striving to inspect at least 18% of enterprises under their management).

The tax offices regularly grasp, support and handle in a timely fashion, they synchronously and comprehensively carried out inspections and examinations. At the same time, organizing and arranging human resources to maximize the tax examination and inspection.

The tax inspection focused on enterprises with high risks of taxes, tax refunds, the use of invoices, illegal invoices and tax incentives and enterprises with signs of transfer pricing and enterprises with suspicious signs of transactions through banks.

As result, on 15th December 2017, the tax officers at all levels implemented 97,233 inspections, reaching 107.06% of the target in 2017. The total amount of tax collected through inspections was VND17,960 billion; deducted VND 1,632 billion; and reduced a loss of VND 34,117 billion. Accordingly, the amount of tax paid to the budget was VND 14,374 billion, reaching 80.04% of the increased tax through inspection and examination.

Of which, the tax offices inspected 364 enterprises conducting associated transactions; collected, retrieved and fined VND 1.306 billion; reduced a loss of VND 6,022 billion; and revised up a taxable income of VND 2,798 billion.

According to the General Department of Taxation, in 2018, the tax branch will focus on inspecting enterprises of high risk industries, enterprises subject to VAT refund for goods exported through land borders, enterprises subject to tax exemption, enterprises conducting associated transactions; loss-making enterprises with the sign of transfer pricing; e-commerce enterprises, and enterprises with contractor tax and capital transfers.

Tax officers will also update fully, promptly and accurately the annual financial statements for tax management application to serve the risk assessment and analysis. At the same time, urging the collection of all arising revenues and receivables according to the inspection results to the State budget.

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The Taxation will continue to implement the task well for preventing losses of revenues for non-state owned enterprises and individual business households in the spirit of Directive No. 26 / CT-TTg dated 6^th June 2017 of the Prime Minister especially in key areas.