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Customs sector aims to raise state budget collection in 2018

Minister of Finance Dinh Tien Dung has asked the customs sector to raise state budget collection by 3-5 percent higher than the amount assigned by the National Assembly.
Customs sector aims to raise state budget collection in 2018 ảnh 1Minister of Finance Dinh Tien Dung speaks at the event (Photo: VNA)

Hanoi (VNA) – Minister of Finance Dinh Tien Dung has asked thecustoms sector to raise state budget collection by 3-5 percent higher than theamount assigned by the National Assembly.

The official made the requirement during an online conference held onJanuary 11 to review the sector’s work and launch new tasks in 2018.

To realise the target, Dung asked the General Department of VietnamCustoms (GDC) to tighten post-clearance inspections and intensify the fightagainst trafficking and trade fraud, along with accelerating the collection ofoverdue tax.

The minister stressed the role of a legal framework for the nationalsingle window and information exchange with trade partners. He also instructedthe efficient implementation of the project on monitoring seaports andinfrastructure improvement for customs management.

In 2018, the NA tasked the customs sector with the collection of 283trillion VND (12.46 billion USD) for the State budget in the context of importtax reduction for many commodities under free trade agreements Vietnam hassigned with partners.

GDC Director General Nguyen Van Can said the GDC will take measures to preventtax losses and evaluate impacts of Vietnam’s commitments on internationalintegration on budget collection.

Besides, it will devise appropriate solutions to recover tax overdue,while intensifying the fight against smuggling and trade fraud. 

GDC statistics showed that customs sector collected over 297.08trillion VND (13.08 billion USD) for the State budget at the end of 2017, arise of 9.47 percent year-on-year and 4.24 percent higher than the estimatedfigure adopted by the NA.-VNA

VNA
#Vietnam #customs sector #state budget collection #National Assembly #General Department of Vietnam Customs #post-clearance inspections #overdue tax #national single window #customs management #vietnamplus #Vietnam News Agency
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