Hanoi’s tax revenue up 18 percent in first half of 2017

Hanoi collected over 93.9 trillion VND (4.1 billion USD) in taxes during the first half of this year, completing 50.1 percent of its annual target and 18 percent higher compared with the same period in 2016.
Hanoi’s tax revenue up 18 percent in first half of 2017 ảnh 1An officer from the Hanoi Department of Taxation’s branch in Thanh Xuan District provides an online tax filing and payment consultation. (Photo: VNA)
Hanoi (VNA) – The capital city of Hanoi collected over 93.9trillion VND (4.1 billion USD) in taxes during the first half of this year,completing 50.1 percent of its annual target and 18 percent higher comparedwith the same period in 2016, the municipal Tax Department reported onJuly 10.

Mai Son, deputy director of the department, said inspectionswere conducted of over 8,155 companies in the capital city in the first sixmonths, equivalent to 44.8 percent of the target and up 79.6 percentyear-on-year. “The inspections aim to reduce unpaid tax and force businesses tocomply with tax laws, thus avoiding losses for the State budget,” Son said.

A strong focus on debt collection by Hanoi’s Tax Departmentright from the beginning of the year has resulted in the recovery of 6.4trillion VND in arrears, Son said, adding that the tax department hadbecome the country’s leading tax unit in debt collection.

Time and costs spent on completing taxation procedures havealready been significantly reduced thanks to a series of measures promotingadministrative reform, including the application of IT in tax management, hesaid.

As many as 98 percent of businesses in the city used online taxfiling procedures, and 95 percent registered for e-tax payments, Sonsaid. 

“The department’s tax collection goal set out for 2017 wasestimated at 205 trillion VND, which was relatively high, up 19 percent over2016, posing many challenges for the second half,” Son said.

In a bid to meet the target, the tax department willstrengthen coordination with the municipal police to detect, prevent andpromptly handle tax fraud or evasion, especially the sale or use of illegal taxinvoices, he added.

Vice Chairman of the Hanoi People’s Committee, Nguyen Doan Toansaid the municipal tax department should undertake dialogues with firms,listening to their difficulties and discussing solutions, thereby ensuringsustainable tax collection, Toan said.-VNA
VNA

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