After nine months of synchronous implementation of many measures, the tax sector has overfulfilled the estimate for revenue from the non-State sector.
The tax sector actively propagandizes tax policies to startups
As a result, the total State budget revenue in Hai Duong province may reach or exceed the estimate.
By the end of the third quarter, revenue from the non-State sector had exceeded VND2,017 billion, up 5% and 64.5% over the year's estimate and the same period in 2016, respectively.
This is a good signal for the development of the private sector and means that the tax sector's measures applied to the private sector have been effective.
Collection from the non-State sector soon finished mainly thanks to Hoa Phat Steel JSC.'s burst in production and business.
In the first nine months of the year, the company paid VND872.3 billion to the budget, accounting for more than 12% of the total domestic taxes collected in the province and 46% of revenue from the non-State sector, a surge of over 300% year on year.
In the last months of the year, Hoa Phat Steel JSC. will further expand its production scale; hence, the firm is expected to pay a total of up to VND1,200 billion in taxes.
The spurt of Hoa Phat Steel JSC. is also a decisive factor for the tax sector to balance revenues seeing rises, thereby offsetting revenues predicted to largely reduce in the sector of foreign invested enterprises, mainly Ford Vietnam Co., Ltd., giving the tax sector more grounds to affirm that this year's State budget revenue can reach or exceed the estimate by 2.4% or more (equivalent to VND10,738 billion).
Apart from the factor of Hoa Phat Steel, the implementation of synchronous measures of Taxation Branches at district, provincial town, and city levels to increase revenues is another reason for the early completion of tax collection from the non-State sector. In which, the districts of Thanh Ha, Cam Giang, Ninh Giang, Binh Giang, Thanh Mien, etc. recorded fairly high revenues.
Le Xuan Khai, Head of the Binh Giang Taxation Branch, said since the beginning of the year, the unit had taken a lot of measures like regular review and urging of debt recovery, renewal of the management of business households paying lump-sum taxes, assignment of debt collection norms to each official and employee, prevention of budget revenue losses in many fields, etc.
As a result, in the first nine months of the year, Binh Giang authorities collected over VND221.9 billion for the budget, a sharp increase of 66.9% against the estimate. In particular, revenue from the non-State sector amounted to VND29.2 billion, completing 91.2% of the estimate.
At this rate, Binh Giang will be able to finish collection from the non-State sector, and the total budget revenue will also be higher than estimated.
There are 290 enterprises and 720 business households in Binh Giang, helping the taxes collected from the non-State sector in the district always increase fairly high
Defining the non-State sector as an important source of revenue, so the tax sector has efficiently implemented business accompanying programs and actively organized conferences to disseminate tax policies and communicate with enterprises.
Enterprises' proposals and problems have been quickly received, resolved, or transferred to higher-level bodies for settlement by the tax sector.
All Taxation Branches have arranged at least one consultant for newly-established enterprises.
The Provincial Taxation Department has added the column "Accompanying startups" on the sector's portal.
The provincial tax sector has also actively renewed the management of business households paying lump-sum taxes; set up and consolidated an anti-tax loss team for non-State enterprises and business households; constantly reviewed the households to promptly grasp their development as well as difficulties and obstacles to work out remedies.
Through review, the tax sector will support potential households so that they will soon develop and establish new businesses.
According to Vu Ngoc, Deputy Director of the Provincial Taxation Department, facilitating private economic development is an important measure to sustainably increase State budget revenues.
To assist businesses' development, apart from the tax sector's policies, there should be greater policies of the provincial authorities, especially in administrative procedure reform.
More important factors are internal force and rising attempts of enterprises as well as every individual business household.
From now until the end of the year, though the taxes collected from the non-State sector have surpassed the estimate, there will be a lot of challenges in collection for the State budget since many revenues are predicted to significantly drop.
The tax sector will continue to take synchronous measures to accomplish the budget revenue task assigned.