Stepping up Solutions to Complete Budget Revenue Tasks

10:27:56 AM | 26/10/2020

To achieve the estimated budget revenue of VND338 trillion, the General Department of Vietnam Customs will have to collect over VND110 trillion in the fourth quarter of 2020. Nevertheless, the customs sector will have to refund tax on auto spare parts as per Decree 57 in the quarter and the budget revenue is estimated at VND74.100 trillion, or VND24.7 trillion (over US$1 billion) a month on average. The sector is expected to collect VND300 trillion in 2020, reaching 88.75% of the estimate and 84.53% of the plan, down 14.03% year on year.

In order to achieve the highest level of State budget revenues in 2020, customs agencies will focus on implementing solutions to ensure revenue and prevent loss in State budget revenue from now until the end of the year. Specifically, the customs sector will continue to expand electronic tax payment with commercial banks according to the 24/7 tax payment scheme and expand the electronic tax payment program for enterprises.

The customs will strongly carry out measures to increase budget revenue as per Directive 1040/CT-TCHQ dated February 21, 2020 on drastic implementation of consistent measures to facilitate trade and combat revenue loss in 2020; assess impacts of the Covid-19 pandemic according to economic growth scenarios on State budget revenue in 2020 to find the best solutions to this effect.

The customs will intensify customs control, plans and topics to combat smuggling and trade fraudulence of important commodities; strictly execute the General Department of Customs' Plan 4575/KH-TCHQ dated July 15, 2019 on strengthening control of drugs and precursors; it will pay attention to professional drug control measures in all stages, levels and localities; accelerate information collection and analysis and apply modern inspection and monitoring technology; and tighten discipline in performing customs inspection and control tasks.

The customs sector will foster information collection and analysis as a premise for improving post-clearance checks after the end of the Covid-19 pandemic to ensure the completion of the post-clearance check plan. Information collection and analysis will focus on household appliances, artificial stones and solar cells, goods of Vietnam origin exported to the US and the EU; study and identify risks of transfer pricing.

It will review and analyze risks and signs of violation from companies which have not been imposed specialized inspection in 2020 by the General Department of Customs to adjust the specialized inspection plan; analyze data, identify items carrying high risks of fraudulence, origin counterfeiting and illegal transshipment, to launch probe measures according to Official Dispatch 5189/TCHQ-GSQL and Directive 7988/CT-TCHQ dated December 25, 2019.

The customs sector will continue reviewing and grasping overdue tax; classifying debt groups and tax debt; reviewing and collecting documents for cases eligible for debt freezing and write-off according to the National Assembly's Resolution 94/2019/QH14 dated November 26, 2019 on tax freezing, cancellation of overdue tax payment subject to people unable to pay tax under the Law on Tax Administration 38/2019/QH14, effective from July 1, 2020.

The sector will continue reviewing and checking names, codes and tariff rates of goods at the customs clearance stage and the post-customs clearance stage to detect and handle the wrong declaration of goods codes, falsified declaration of goods names or unclear declaration of goods names to be levied low tax rates or special preferential tax rates. Mr. Nguyen Van Can, General Director of the General Department of Customs, emphasized that, with the above synchronous measures, the customs sector will strive to achieve the highest budget revenue.

Source: Vietnam Business Forum