According to Hai Phong Tax Department, in the first 2 months of 2020, Hai Phong's domestic budget revenue still grew by 20.9% compared to the same period in 2019. This [...]
According to Hai Phong Tax Department, in the first 2 months of 2020, Hai Phong's domestic budget revenue still grew by 20.9% compared to the same period in 2019. These are very encouraging signs. However, with the complicated developments of the COVID-19 epidemic, it is necessary to have appropriate solutions in the coming months to maintain the revenue rate.
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VinFast automobile factory has a large budget contribution.
Some revenue increases quite well
2 months, the city's total domestic budget revenue reached 4,936.2 billion VND, equal to 16% of the ordinance estimate, 15% of the strive estimate, an increase of 20.9% over the same period in 2019. In the context of the city and the whole country's economy struggling with the COVID-19 epidemic, this budget revenue result is a great effort, demonstrating sustainability in economic development. economy of Hai Phong in recent years.
In the main revenue areas, except for local businesses, revenue decreased quite a lot, while the rest were stable and growing. The reason for this sudden growth is thanks to the special consumption tax of VinFast Production and Trading Company Limited. In addition, land use fee collection also showed good signs right from the beginning of the year with revenue of 423.8 billion VND, equal to 17% of the estimate, up 5.7% over the same period; Land rental revenue reached 61.7 billion VND, an increase of 3.6%; Revenue from rent and sale of state-owned housing increased by 36.8% over the same period in 2019...
Thus, it can be seen that the budget collection results at the beginning of the year still continue the momentum and collection speed in the last months of 2019. Among them, a number of new factors, especially VinFast Production and Trading Co., Ltd. still contribute key revenues to the city budget.
Determine implementation of solutions
However, in the past 2 months, some revenues have still decreased. According to the Hai Phong Tax Department, the reason for the sharp decrease in revenue from the local business sector is due to the impact of Decree 100, beer production output has decreased, leading to a decrease in special consumption tax. Along with that, the special consumption tax on tobacco products has not met expectations. The seaport infrastructure fee in the past 2 months also had many difficulties, so it only reached nearly 170 billion VND, equal to 85.2% compared to the same period in the same 2 months in 2019. In addition, although VinFast has a large budget payment, it has not met the requirements (according to calculations and expected revenue, each month VinFast pays 600 billion VND including contractor tax and special consumption tax).
Faced with the results of budget collection in the first 2 months of the year, city leaders requested sectors and levels to urgently implement solutions, especially promoting the work of preventing revenue loss to increase revenue. March revenue must increase to complete the tax collection plan for the first quarter of 2020. In particular, it is necessary to forecast the impact of the COVID-19 epidemic on business operations in order to respond promptly and create favorable conditions. Maximum conditions for businesses to maintain production and business, generate revenue, profits and pay to the budget. At the same time, strengthen management and urge the budget payment of land rent, land use fees... to compensate for revenues from businesses affected by the COVID-19 epidemic.
Through review by city sectors, there are currently many contractors building works and projects with quite large revenues but have not yet declared and paid contractor tax, so they need to coordinate to collect them in March. The Tax Department is also requiring units to closely inspect and supervise the printing, issuance, and use of invoices by businesses with high tax risks, especially newly established non-state-owned enterprises with multi-industry businesses with large sales but insignificant payments. In addition, it is necessary to clarify the difference in the number of businesses registered to operate and businesses declaring and paying taxes, organizing investigations, clarifying and putting them into tax collection management... Many businesses that are not eligible for tax investment incentives must also quickly be included in the collection list.
According to the leaders of the Hai Phong Tax Department, although the city's domestic budget revenue is affected by a number of factors, the revenue potential is still large, and the remaining revenue losses, losses, and unmanaged items have also been pointed out. Since then, the Tax Department requires tax departments and district tax branches to develop revenue plans, inspection plans, and inspections monthly and quarterly, regularly review progress and have solutions to compensate for revenue shortfalls; Propose to the Central Government and the city to resolve and remove difficulties and obstacles for projects and businesses to increase the amount of revenue generated and meet the city's budget collection requirements.
Article: Thanh Hiep – Photo: Duy Tinh
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