Domestic budget revenue in the first 6 months of 2020: Increased 12.6% compared to the same period in 2019

In the context of the raging COVID-19 pandemic,  negatively impacting the national and world economies, Hai Phong's domestic budget revenue still achieved quite good results. This is one of the bright spots in Hai Phong's socio-economic development, creating a foundation for the city to rise and strive to complete the 2020 domestic budget revenue estimate of VND 33,000 billion.

Hai Phong Water Supply Joint Stock Company is one of the enterprises with high budget contributions, contributing to implementing budget revenue estimates for the first 6 months of the year. (In photo: An Duong Water Plant belonging to Hai Phong Water Supply Joint Stock Company)

Many signs of improvement

According to the Hai Phong Tax Department, in no year has the implementation of budget revenue estimates been as difficult and severely impacted as in the first 6 months of 2020. The COVID-19 pandemic caused unexpected effects, making revenue collection also passive. The Government's tax exemption, reduction, extension and postponement policies are continuously issued, many revenues have decreased or have to last until the end of the year to be collected. However, with determination and high efforts, under the close and drastic leadership of the City Party Committee, People's Council, and People's Committee, the budget collection work basically follows the annual plan which was built at a fairly high level, increasing up to 6,000 billion VND compared to the actual revenue in 2019.

In the first 6 months of the year, Hai Phong's domestic budget revenue reached 13,794 billion VND, equal to 44.7% of the ordinance estimate, 41.8% of the target estimate and an increase of 12.6% over the same period in 2019. Notably, the revenue in June, when the COVID-19 pandemic was initially repelled, was also more positive, reaching 3886.2 billion VND, increased 89.3% over the same period in 2019.

That result is thanks to the Department of Taxation drastically and synchronously implementing 5 key tasks and 8 specific tasks on tax work; proactively and actively advise the City Party Committee, People's Council, and People's Committee on tax collection solutions in the context of the COVID-19 pandemic; Urging units, departments and boards to carry out tax collection tasks in 2020, focusing on key tasks of the entire industry such as: tax inspection and examination; propagate and disseminate tax policies and laws and support taxpayers; Strengthen debt management and tax debt collection... Notably, timely advice on solutions to increase revenue from land use when revenue of the corporate sector decreased by up to 20% compared to the same period in 2020; tax revenueThe personal income of foreign experts and business managers has decreased due to the impact of the pandemic and they have not come to Vietnam to work.

Determined to complete the fall 2020 budget

At the Government's online conference with localities held on July 2, Comrade Nguyen Van Tung, Chairman of the City People's Committee, affirmed that Hai Phong strives not to adjust socio-economic targets, especially striving to complete the domestic budget revenue estimate for 2020. This is a high determination but also a very heavy task, because to complete the collection of 33,000 billion VND, within In the last 6 months of the year, the city must collect more than 19,000 billion VND.

With a key role in domestic budget collection, the Tax Department meets to discuss and identify solutions to carry out tax collection tasks in the last 6 months of the year. Accordingly, the Tax Department continues to closely monitor socio-economic fluctuations and factors affecting budget revenue to promptly advise the city on response measures; exploit revenue sources to compensate for revenue shortfalls; Resolve obstacles and difficulties so that businesses and business households can recover soon and have additional expenses to pay to the budget. The Department of Taxation directs its affiliated units to fiercely focus on two key tasks: tax inspection and tax debt recovery, and strengthen specialized inspections. At the same time, continue to inspect and review all projects in the area to urge themTimely payment of tax obligations to the State budget such as intra-provincial contractor tax, temporary contractor tax, registration fee...

One of the measures proposed by the Tax Department in the last months of the year is to increase auctions of land use rights, issue land use rights certificates, sign land lease contracts, and urge timely implementation of arising financial obligations such as land use fees, registration fees, personal income tax into the budget... The Tax Department also proposed that the city speed up the disbursement of public investment capital, creating new added values, creating conditions for implementing estimates. domestic budget revenue.

In the last 6 months of the year, the tax collection task is quite heavy, difficult, and the challenges are still great, but with high determination, along with signs of recovery and development of the city's economy, Hai Phong will have many conditions to reach the revenue target of 33,000 billion VND, marking a new record in the city's budget revenue.

Thanh Hiep – Photo: Duy Tinh