In 2013, budget revenue from enterprises and corporations is expected to amount to VND221,473 billion, or VND19,000 billion per month. In order to improve efficiency of budget revenue management from enterprises in following years, the Department for Tax Administration of Major Corporations, General Department of Taxation has improved its supervision, evaluated business activities as well as obligations to budget revenue of groups and corporations.
The General Department of Taxation and Ministry of Finance have worked out some solutions to tax management for particular sectors. Ministry of Finance has summed up business activities of Vietnam National Oil and Gas Group, PetroVietnam Gas Joint Stock Corporation, thereby suggesting solutions of selling gas and improving State budget revenue from gas trading, besides that, it has also published documents requesting Ba Ria - Vung Tau People’s Committee to determine the rents of land, water surface, ocean surface for Vietsovpetro Joint Venture, ensuring current regulations, enhancing State budget revenue.
The Department has studied and assessed the changing pattern of Vietnam Electricity (EVN), and issued the guiding of tax procedures of Power Generation Corporations (GENCO 1, 2, 3) after their being restructured, timely guiding them to perform their obligations to State budget revenue.
The Department continues to build and improve the tax administration database of 405 large enterprises and 17 oil mines. By gathering, analysing database currently and periodically, the General Department of Taxation has timely detected enterprises still possessing high tax liabilities, so proposing solutions like: directly urging large enterprises, mother companies to direct tax payment to State budget revenue. Based on the database analysis of business activities, financial - economic indicators, revenues to State budget and frequency of enumerating tax payment of large enterprises, the General Department of Taxation has built criteria of assessing risks, methods of selecting large enterprises in the inspection and examination plans.
The General Department of Taxation establishes the list enumerating some large enterprises suffering big losses for years, high tax refund and signs of transfer pricing for inspections and examinations.
In 2013, the Department will continuously develop cooperation with provincial departments of taxation for enhancing efficiency of inspection and examination, timely detecting inadequacy in tax administration. Apart from direction of promptly updating documents of enumerating, finalising tax and financial reports in the administration system of tax authorities, it also implements punishments against enterprises, which do not obey regulations of taxation. Thereby, the Department will coordinate with the Inspectorate of General Department of Taxation and other provincial departments of taxation to inspect, examine enterprises according to the approved plan.
Furthermore, the Department will concentrate on training to improve employee’s quality and skill to meet the increasing requirement of tax administration. The General Department of Taxation, Ministry of Finance should timely build, amend, and supplement documents guiding implementation of tax administration and tax policies to reform procedures, remove difficulties for enterprises, especially enterprises in specific sectors, help them well implement tax duties.
Thanh Nga
Vietnamese
