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Sustainable foundation

There are currently 2,819 operating enterprises in the province, with a total registered capital of over 35,785 billion VND, creating jobs for nearly 48,000 workers.

Provincial Tax Department officials actively accompany and support tax policies for the business community.

Deputy Director of the Provincial Tax Department Hoang Thanh Phong said: Among the operating enterprises, there are 2,700 enterprises subject to tax. In the first 9 months of 2024 alone, enterprises in the province contributed more than 1,950/2,956.6 billion VND to the State budget. Every year, the budget contribution from the business sector accounts for 64 - 68% of the total domestic revenue. This result shows that the business community and entrepreneurs play a particularly important role and position in the economic growth and development of Tuyen Quang province, creating jobs for tens of thousands of workers with stable incomes, contributing to social security and poverty reduction in the locality.

Tuyen Quang Hydropower Company has played an important role in contributing to the provincial budget over the years. With the budget payment in 2022 being 193 billion VND, in 2023 it reached 157 billion VND and in just the first 9 months of 2024 it paid 162.8 billion VND. The company has affirmed its commitment to actively and stably contribute to the local budget. Mr. Vu Van Tinh, Director of the Company, said: From now until the end of the year, the company will continue to strive to successfully complete the assigned production and business plan. Maintain and promote stable production and business activities, strive to continue to be one of the top enterprises in the province in fulfilling the obligation to pay the local budget.

In addition to Tuyen Quang Hydropower Company, companies such as An Hoa Paper Joint Stock Company, Tuyen Quang Petroleum Company, Tan Quang Cement Company and Tuyen Quang Branch - Phu Tho Petroleum Joint Stock Company... are also among the key enterprises contributing to the budget of Tuyen Quang province.

To create momentum to nurture a stable and sustainable source of budget revenue, the Tax sector has implemented many solutions to support businesses and taxpayers to overcome difficulties, maintain and restore production and business activities to nurture revenue sources. Specifically, the Provincial Tax Department has actively participated in removing difficulties and obstacles for businesses and taxpayers in fulfilling their tax obligations; implementing tax exemptions, tax reductions, and tax refunds. Timely deploying and informing people and businesses about new tax policies...

Accompanying taxpayers

Speaking at the meeting to celebrate the 20th anniversary of Vietnam Entrepreneurs' Day, comrade Nguyen Van Son, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee affirmed: The Provincial Party Committee, People's Council, and Provincial People's Committee will always stand side by side, share, encourage, and fully absorb the opinions of associations, business communities, and entrepreneurs so that businesses can confidently invest and develop production and business according to the motto "Taking people and businesses as the center, the subject and the driving force, and resources for development".

Tuyen Quang Petroleum Company actively contributes to local budget revenue.

Along with that, the Tax Department of Tuyen Quang province has flexibly and promptly implemented tax policies on tax extension, tax exemption and reduction; tax support policies after floods... The policies have directly supported businesses and taxpayers with an amount of up to hundreds of billions of VND, promptly supporting businesses to recover and grow the economy.

Ms. Nguyen Thi Thu Huong, Group 1, Hung Thanh Ward (Tuyen Quang City) said that enjoying the 2% value added tax (VAT) reduction policy has helped her reduce some of her spending burden. Every time she goes to the supermarket to buy goods and sees the tax reduction corresponding to each spending, she clearly feels the positive impact of this tax reduction policy.

Mr. Nguyen Van Ha, Director of Hung Ha Private Enterprise, Group 2, Y La Ward (Tuyen Quang City) shared: Like many other enterprises in Tuyen Quang City, his enterprise produces and trades heat-resistant corrugated iron, iron and steel... and has been facing some difficulties due to the general situation of the slow economic development, increasing costs of raw materials and fuel, and decreasing purchasing power of people. Thanks to the extension of the time to pay corporate income tax in the past time, the enterprise has increased its resilience and has more time to optimize cash flow for production and business.

Environmental protection tax reduction policy according to Resolution No. 20/2022/UBTVQH15 dated July 6, 2022 of the National Assembly Standing Committee and Resolution No. 30/2022/UBTVQH15 dated December 31, 2022 of the National Assembly Standing Committee, Tuyen Quang Branch - Phu Tho Petroleum Joint Stock Company and Tuyen Quang Petroleum Company are entitled to a reduction in environmental protection tax in 2022 of VND 212.5 billion, in 2023 of VND 269.5 billion. Tax policies on land rent extended and reduced in Tuyen Quang province in 2023 are nearly VND 400 billion, in 2024 about more than VND 110 billion.

The goal of the Resolution of the 17th Provincial Congress in 2025 is to complete the collection of 4,000 billion VND of the budget. Immediately after that, the Provincial People's Committee issued a Project to develop revenue sources and strengthen state budget management for the period 2021 - 2025, striving to achieve the completion figure of 5,000 billion VND. Deputy Director of the Provincial Tax Department Hoang Thanh Phong emphasized that in 2024, the provincial Tax sector strives to collect a budget exceeding the estimate assigned by the Provincial People's Committee of 3,800 billion VND. The annual state budget revenue always meets and exceeds the collection target, contributing to the implementation of the annual socio-economic targets of the province. This is a premise for our province to complete and exceed the targets and tasks of budget collection for the 2020 - 2025 term.

Article and photos: Hai Huong

(To be continued)

Source: https://baotuyenquang.com.vn/xay-dung-nganh-thue-hien-dai-tinh-gon-hieu-luc-hieu-qua-bai-2-nuoi-duong-nguon-thu-200251.html