Accelerate budget collection in the last months of the year

To complete the task of collecting the state budget in 2023, in the remaining months of this year, the provincial Tax sector will continue to drastically and synchronously deploy solutions for revenue management, anti-revenue loss, tax debt collection, inspection and examination, striving to exceed the estimate.

Efforts to ensure collection progress

Since the beginning of the year, the Tax sector has proactively and synchronously deployed tax management solutions, strengthened propaganda and support work, and promptly resolved tax exemption and reduction policies to support and remove difficulties for taxpayers. Along with that, reviewing and preventing tax losses, urging the collection of tax arrears, promoting the application of information technology to resolve tax administrative procedures... Thanks to that, it has contributed to ensuring the budget collection progress in the first months of the year. As of the end of July, the total state budget revenue of the province with import-export tax reached 6,549 billion VND, equal to 65.5% of the year's estimate and down 12.2% over the same period; of which, domestic revenue reached 5,811 billion VND, equal to 67.52% of the year's estimate, down 12.8%.

The provincial economy has recovered positively, contributing to increasing state budget revenue.

Since the beginning of the year, thanks to positive impacts, the province's economy has recovered quickly and achieved positive results in many areas; including the strong growth of the service - tourism industry with the advantage of the Dau Giay - Phan Thiet expressway project connecting with the key economic region in the south being put into operation. In particular, in 2023, Binh Thuan hosted the National Tourism Year, which helped domestic and foreign tourists know about Binh Thuan, so tourism service activities have improved, leading to a number of economic indicators growing quite well compared to the same period, the province's GRDP is estimated to increase by 7.76%... Along with that, the increase in revenue from renewable energy has contributed to increasing revenue to the state budget in the first months of the year.

According to the assessment of the Provincial Tax Department, with an average of 67.52%, 9/18 types of revenue reached above the average, of which 5/9 types of revenue increased compared to the same period, the remaining 4 types of revenue decreased. Specifically, revenue items with high growth compared to the same period include: Local enterprise revenue reached 100 billion VND, equal to 91.1% of the estimate, up 35.6%; Foreign-invested enterprise revenue reached 844 billion VND, equal to 99.34% of the estimate, up 60.91%; Non-state revenue reached 1,280 billion VND, equal to 79.33% of the estimate and up 2.4% over the same period... 8/10 districts, towns and cities had budget revenue exceeding the average (66.82%) of the district block compared to the estimate, including: Tuy Phong, Bac Binh, Ham Thuan Bac, Ham Thuan Nam; Duc Linh, Tanh Linh, La Gi and Phu Quy.

Promote administrative reform to support taxpayers.

And the solutions

However, the province's economy continues to be negatively affected by the world and domestic economy. In particular, in recent years, the main source of revenue increase in the area has been from real estate transfer activities, but currently the real estate market is in a "frozen" state, land auctions, land allocation, and site clearance continue to stagnate, and the remaining revenue from the previous year transferred to power plants has decreased sharply... Along with that, the impact of the Government's tax exemption and reduction policy to support production and business recovery has created great pressure on state budget collection in the remaining months of 2023.

The Tax Department expects to collect VND 500 billion from the State budget in August 2023 (estimated domestic revenue of VND 450 billion and import-export tax of VND 50 billion). The Tax sector has proposed many solutions to increase budget revenue, striving to exceed the annual estimate. In particular, focusing on strictly managing budget revenue sources in the province, continuing to promote the exploitation of revenue sources with large potential from business activities; exploitation of mineral resources, services, industry, renewable energy; revenue from land funds for implementing residential area projects, tourism projects... Synchronously deploy tax management measures, including continuing to innovate, improve the effectiveness and efficiency of tax inspection and examination, strictly control, and prevent tax losses, especially in the fields of capital transfer, real estate transfer, and related transactions...

At the same time, strengthen discipline and order in directing, operating and managing state budget collection, boost budget collection, strive to complete the collection target for the third quarter of 2023, focus on collecting outstanding debts, business license fees, and fixed household VAT. Timely and effectively deploy policy packages and tax solutions to support businesses and people to recover and develop production and business activities, creating a premise to increase state budget collection. Strengthen measures to manage tax debts, effectively manage taxes for e-commerce activities, digital-based business and prevent tax losses in business activities, real estate transfers, etc.

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