Tax sector asked to surpass State budget estimate
The Finance Ministry’s General Department of Taxation should strive to surpass at least 3% of the State budget estimate of more than VND1,070,200 billion (US$55.88 billion), said Prime Minister Nguyen Xuan Phuc.
 |
He made the statement during a conference in Hanoi on January 31 to review the sector’s 2017 performance and launch tasks for 2018.
The leader requested that the rate of delayed tax payment should be below 5% of the total State collection this year.
The PM asked for continuing to cut 50% of procedures for specialised inspection and 50% of business requirements, ensuring that 26% of the total State spending will be used for development investment and 64.1% for regular expenditure.
To achieve the above targets, he stressed the need to speed up administrative reform by using technological advances in tax declaration, payment and management, towards scaling down payment in cash.
General Director of the General Department of Taxation Bui Van Nam said the sector asked agencies to work hard to achieve set targets, closely monitor the progress of State budget collections, and step up inspection over tax declaration and payment.
He said at least 18.5% of the total number of businesses will be under inspection this year to prevent loss of revenue to the State budget.
Last year, the sector collected a record VND1.019 quadrillion to the State budget, up 5.2% of the estimate and higher than VND968.58 trillion as assigned.
Tax agencies also conducted 103,211 inspections, or 113.65% of the plan, collected VND44.773 trillion in delayed tax payment, equivalent to 59.5% of the total as of December 31, 2016, he said.
