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 hastaken measures to deal with tax arrears of businesses in order to fulfil the statebudget collection target this year.
The department has assisted businesses,specially the Vietnam National Coal-Mineral Industries Holding CorporationLimited – a big contributor to the provincial budget – and enterprises located ineconomic and industrial zones and put forth specific solutions to solvecorporate tax arrears.
Meanwhile, the Customs Departmenthas tightened post-customs clearance inspections and boosted the implementationof automated customs clearance.
Quang Ninh’s total budget revenuesreached almost 29.4 trillion VND (1.29 billion USD) in the first 10 months ofthis year, equal to 92 percent of the annual estimates or 94 percent of thefigure in the same period last year.
Of the total, domestic revenueswere valued at 21.1 trillion VND (931 million USD), equivalent to only 80percent of the annual estimates.
Earlier, the province set atarget of 39 trillion VND (1.71 billion USD) in total state budget collectionin 2017, of which 29 trillion USD (1.27 billion USD) comes from domesticresources.
Therefore, the province’s totalstate budget revenues, especially domestic revenues, have yet to achieve growthas the set targets.
Revenues failing to achieveaverage growth rates include revenues from mining licence granting (1.6 trillionVND or 54 percent of the annual estimates), import-export tax collection (8.1trillion VND or 51 percent of the annual estimates) and from foreign-investedenterprises (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 millionUSD), equivalent to 67 percent of the annual estimates. Of the total, 6.27trillion VND was worth of development investment and 6.42 trillion VND wasregular expenses.
Quang Ninh’s economic growth inthe fourth quarter of 2017 is expected to reach 11.7 percent and 10.2 percentfor the whole year.
To achieve a growth rate of over 10 percent, Quang Ninh has devised numerousmeasures, focusing on collecting local budget funds, controlling budgetspending, and reforming administrative procedures.
The locality will also work to remove difficulties for businesses and hastenthe construction of infrastructure projects at industrial and economic zonesand transport infrastructure facilities as well as create trust among investorsand people.
In the first nine months of this year, the province gained important outcomesin various fields, with growth rising by 9.7 percent with the economicstructure shifting to services.
The business investment environment and competitiveness were improved, andtotal social investment capital increased 9.5 percent.
The province launched theBusiness Café programme, built a survey tool for social networking, andestablishing hotlines at all departments and sectors as well as organisingquarterly and monthly meetings with enterprises.
In 2017, Quang Ninh had aninitiative of implementing a social networking survey tool and building afanpage to update businesses’ reports on administrative procedures relating toeconomic organisations.
The collection of opinions frombusinesses through the social network has helped authorities have moreinformation to analyse and evaluate the business situation and build policiessuitable with the local conditions.
Furthermore, direct dialoguesbetween local leaders and entrepreneurs in the Business Café programme havebeen conducted since 2016 to weather difficulties for businesses.-VNA
The department has assisted businesses,specially the Vietnam National Coal-Mineral Industries Holding CorporationLimited – a big contributor to the provincial budget – and enterprises located ineconomic and industrial zones and put forth specific solutions to solvecorporate tax arrears.
Meanwhile, the Customs Departmenthas tightened post-customs clearance inspections and boosted the implementationof automated customs clearance.
Quang Ninh’s total budget revenuesreached almost 29.4 trillion VND (1.29 billion USD) in the first 10 months ofthis year, equal to 92 percent of the annual estimates or 94 percent of thefigure in the same period last year.
Of the total, domestic revenueswere valued at 21.1 trillion VND (931 million USD), equivalent to only 80percent of the annual estimates.
Earlier, the province set atarget of 39 trillion VND (1.71 billion USD) in total state budget collectionin 2017, of which 29 trillion USD (1.27 billion USD) comes from domesticresources.
Therefore, the province’s totalstate budget revenues, especially domestic revenues, have yet to achieve growthas the set targets.
Revenues failing to achieveaverage growth rates include revenues from mining licence granting (1.6 trillionVND or 54 percent of the annual estimates), import-export tax collection (8.1trillion VND or 51 percent of the annual estimates) and from foreign-investedenterprises (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 millionUSD), equivalent to 67 percent of the annual estimates. Of the total, 6.27trillion VND was worth of development investment and 6.42 trillion VND wasregular expenses.
Quang Ninh’s economic growth inthe fourth quarter of 2017 is expected to reach 11.7 percent and 10.2 percentfor the whole year.
To achieve a growth rate of over 10 percent, Quang Ninh has devised numerousmeasures, focusing on collecting local budget funds, controlling budgetspending, and reforming administrative procedures.
The locality will also work to remove difficulties for businesses and hastenthe construction of infrastructure projects at industrial and economic zonesand transport infrastructure facilities as well as create trust among investorsand people.
In the first nine months of this year, the province gained important outcomesin various fields, with growth rising by 9.7 percent with the economicstructure shifting to services.
The business investment environment and competitiveness were improved, andtotal social investment capital increased 9.5 percent.
The province launched theBusiness Café programme, built a survey tool for social networking, andestablishing hotlines at all departments and sectors as well as organisingquarterly and monthly meetings with enterprises.
In 2017, Quang Ninh had aninitiative of implementing a social networking survey tool and building afanpage to update businesses’ reports on administrative procedures relating toeconomic organisations.
The collection of opinions frombusinesses through the social network has helped authorities have moreinformation to analyse and evaluate the business situation and build policiessuitable with the local conditions.
Furthermore, direct dialoguesbetween local leaders and entrepreneurs in the Business Café programme havebeen conducted since 2016 to weather difficulties for businesses.-VNA
VNA
