Vinh Tax Department: Budget revenue in the first 6 months of the year increased sharply

(Baonghean) - In the first 6 months of the year, Vinh City's budget revenue reached 710.5 billion VND, equal to 64.7% of the People's Council's estimate, up 53% over the same period. To achieve that result, Vinh Tax Department focused on many solutions in coordination with all levels and sectors and was resolute in revenue management.

In the budget revenue results for the first 6 months of Vinh City, regular revenue reached more than 500 billion VND and revenue from land fees reached nearly 200 billion VND. Some specific revenue items are: Revenue from state-owned enterprises reached 2.1 billion VND, reaching 104.4% of the plan, up 18.3% over the same period; Revenue from non-state-owned industry and trade reached 209 billion VND, reaching 51% of the plan, up 14.2% over the same period; Revenue from registration fees reached 168.7 billion VND, equal to 70.3% of the plan, up 30.5% over the same period; Revenue from granting land use rights reached 200 billion VND, up 191.3% over the same period. Some other revenue items achieved quite well such as personal income tax reached 31 billion VND, land rent 11 billion VND, environmental protection tax 16 billion VND...

Some enterprises in the area have high budget revenues such as: Viet Intelligence Software Development Services Company Limited paid 7.3 billion VND, Truong Hai Nghe An One Member Co., Ltd paid 6.4 billion VND, Mai Linh Nghe An Co., Ltd paid 4.5 billion VND, Ha Vinh Trade and Tourism Joint Stock Company 2.8 billion VND, Traffic Investment and Construction Joint Stock Company 9 is 2.2 billion VND, Central Mining and Mineral Import-Export Joint Stock Company 2 billion VND, Mobile World Joint Stock Company Branch (1.4 billion VND), Dai Viet Joint Stock Company 1.6 billion VND...

Production activities at Minh Anh Garment Company Limited (Vinh City). Photo: Van Hai

Vinh Tax Department is managing taxes for 4,170 small enterprises and 8,923 business households (large enterprises managed by the Tax Department). The production and business situation of enterprises in the area in the first 6 months of the year still has many difficulties. In that context, the city coordinates with sectors and levels to remove difficulties, creating more favorable conditions for enterprises to have conditions for production and business. Focus on removing difficulties to warm up the real estate market when some new projects are deployed for investment such as Danatol Project, Tecco's new urban area in Cua Nam ward; promote the granting of land use rights for apartment buildings in urban areas, facilitate land procedures for people to invest in buying houses. In the field of trade and services, create favorable conditions to attract and grant business licenses for many new hotels, restaurants, and eateries. In the first 6 months of the year, the city had 350 newly established enterprises, granted business registration licenses to 520 more households, the total retail sales of goods in the city in the first 6 months of the year are estimated at 6,250 billion VND, an increase of 12.3% over the same period.

According to Mr. Nguyen Van Chinh, Vice Chairman of Vinh City People's Committee, in the first 6 months of 2015, the city has directed strongly to meet important tasks in the area; directed the good implementation of 15 programs and projects against tax loss in various fields; built and implemented "coordination regulations" between city departments and branches; organized many meetings between the city's Steering Committee against budget loss; established a tax debt collection team; had flexible mechanisms to increase budget revenue such as encouraging land fund exploitation, thanks to which budget revenue has achieved encouraging results. The city strives to increase regular revenue by 20 - 30% compared to the plan.

In addition, the city also manages expenditures based on budget revenue, has accumulated investments and thoroughly saves to reduce pressure on the budget. The city has consulted and received approval from the province on land fund exploitation mechanisms such as: adjusting the area of ​​land lots planned for auction to suit market demand, assigning the People's Committees of communes and wards to be the investors and auction for planning areas with less than 10 lots, reinvesting all the excess land use fees for wards and communes that collect more than the city's plan... thus encouraging wards and communes to exploit land funds well, increasing budget revenue.

Mr. Phan Van Viet, Head of Vinh Tax Department, said: In the first 6 months of the year, with the close attention and direction of the Tax Department, the City Party Committee, and the City People's Committee, the Tax Department also focused on assigning detailed budget collection targets to each unit right from the beginning of the year, resolutely directing programs to prevent revenue loss in areas such as: private transport tax, cars, motorbikes, private housing construction, karaoke services, location rental, assigning wards and communes to promote collection of environmental sanitation fees... The city also collected old debts of 54.9 billion VND. The Department has also stepped up tax inspection and examination, from tax declarations to inspections at taxpayers' offices, strictly controlling the implementation of tax exemption, reduction, and refund...

Chau Lan