The Taxation Department of the northeastern coastal province of Quang Ninh has taken measures to deal with tax arrears of businesses (Source: thoibaotaichinhvietnam.vn) Quang Ninh (VNA) – The Taxation Department of the northeastern coastal province of Quang Ninh has taken measures to deal with tax arrears of businesses in order to fulfil the state budget collection target this year.
The department has assisted businesses, specially the Vietnam National Coal-Mineral Industries Holding Corporation Limited – a big contributor to the provincial budget – and enterprises located in economic and industrial zones and put forth specific solutions to solve corporate tax arrears.
Meanwhile, the Customs Department has tightened post-customs clearance inspections and boosted the implementation of automated customs clearance.
Quang Ninh’s total budget revenues reached almost 29.4 trillion VND (1.29 billion USD) in the first 10 months of this year, equal to 92 percent of the annual estimates or 94 percent of the figure in the same period last year.
Of the total, domestic revenues were valued at 21.1 trillion VND (931 million USD), equivalent to only 80 percent of the annual estimates.
Earlier, the province set a target of 39 trillion VND (1.71 billion USD) in total state budget collection in 2017, of which 29 trillion USD (1.27 billion USD) comes from domestic resources.
Therefore, the province’s total state budget revenues, especially domestic revenues, have yet to achieve growth as the set targets.
Revenues failing to achieve average growth rates include revenues from mining licence granting (1.6 trillion VND or 54 percent of the annual estimates), import-export tax collection (8.1 trillion VND or 51 percent of the annual estimates) and from foreign-invested enterprises (1.47 trillion VND or 68 percent of the annual estimates).
During the January-October period, Quang Ninh province’s budget spending reached 12.7 trillion VND (558.8 million USD), equivalent to 67 percent of the annual estimates. Of the total, 6.27 trillion VND was worth of development investment and 6.42 trillion VND was regular expenses.
Quang Ninh’s economic growth in the fourth quarter of 2017 is expected to reach 11.7 percent and 10.2 percent for the whole year.
To achieve a growth rate of over 10 percent, Quang Ninh has devised numerous measures, focusing on collecting local budget funds, controlling budget spending, and reforming administrative procedures.
The locality will also work to remove difficulties for businesses and hasten the construction of infrastructure projects at industrial and economic zones and transport infrastructure facilities as well as create trust among investors and people.
In the first nine months of this year, the province gained important outcomes in various fields, with growth rising by 9.7 percent with the economic structure shifting to services.
The business investment environment and competitiveness were improved, and total social investment capital increased 9.5 percent.
The province launched the Business Café programme, built a survey tool for social networking, and establishing hotlines at all departments and sectors as well as organising quarterly and monthly meetings with enterprises.
In 2017, Quang Ninh had an initiative of implementing a social networking survey tool and building a fanpage to update businesses’ reports on administrative procedures relating to economic organisations.
The collection of opinions from businesses through the social network has helped authorities have more information to analyse and evaluate the business situation and build policies suitable with the local conditions.
Furthermore, direct dialogues between local leaders and entrepreneurs in the Business Café programme have been conducted since 2016 to weather difficulties for businesses.-VNA
The department has assisted businesses, specially the Vietnam National Coal-Mineral Industries Holding Corporation Limited – a big contributor to the provincial budget – and enterprises located in economic and industrial zones and put forth specific solutions to solve corporate tax arrears.
Meanwhile, the Customs Department has tightened post-customs clearance inspections and boosted the implementation of automated customs clearance.
Quang Ninh’s total budget revenues reached almost 29.4 trillion VND (1.29 billion USD) in the first 10 months of this year, equal to 92 percent of the annual estimates or 94 percent of the figure in the same period last year.
Of the total, domestic revenues were valued at 21.1 trillion VND (931 million USD), equivalent to only 80 percent of the annual estimates.
Earlier, the province set a target of 39 trillion VND (1.71 billion USD) in total state budget collection in 2017, of which 29 trillion USD (1.27 billion USD) comes from domestic resources.
Therefore, the province’s total state budget revenues, especially domestic revenues, have yet to achieve growth as the set targets.
Revenues failing to achieve average growth rates include revenues from mining licence granting (1.6 trillion VND or 54 percent of the annual estimates), import-export tax collection (8.1 trillion VND or 51 percent of the annual estimates) and from foreign-invested enterprises (1.47 trillion VND or 68 percent of the annual estimates).
During the January-October period, Quang Ninh province’s budget spending reached 12.7 trillion VND (558.8 million USD), equivalent to 67 percent of the annual estimates. Of the total, 6.27 trillion VND was worth of development investment and 6.42 trillion VND was regular expenses.
Quang Ninh’s economic growth in the fourth quarter of 2017 is expected to reach 11.7 percent and 10.2 percent for the whole year.
To achieve a growth rate of over 10 percent, Quang Ninh has devised numerous measures, focusing on collecting local budget funds, controlling budget spending, and reforming administrative procedures.
The locality will also work to remove difficulties for businesses and hasten the construction of infrastructure projects at industrial and economic zones and transport infrastructure facilities as well as create trust among investors and people.
In the first nine months of this year, the province gained important outcomes in various fields, with growth rising by 9.7 percent with the economic structure shifting to services.
The business investment environment and competitiveness were improved, and total social investment capital increased 9.5 percent.
The province launched the Business Café programme, built a survey tool for social networking, and establishing hotlines at all departments and sectors as well as organising quarterly and monthly meetings with enterprises.
In 2017, Quang Ninh had an initiative of implementing a social networking survey tool and building a fanpage to update businesses’ reports on administrative procedures relating to economic organisations.
The collection of opinions from businesses through the social network has helped authorities have more information to analyse and evaluate the business situation and build policies suitable with the local conditions.
Furthermore, direct dialogues between local leaders and entrepreneurs in the Business Café programme have been conducted since 2016 to weather difficulties for businesses.-VNA
VNA
