Nghe An loses 800 billion in revenue because large enterprises reduce budget payments

(Baonghean.vn) - According to the assessment of Nghe An Tax Department, in 2017, many large enterprises paid a sharp decrease in taxes, causing a budget deficit of about 800 billion compared to the estimate.

Specifically, the revenue reductions: Revenue from central state-owned enterprises is estimated to reach only about 740 billion in 2017, equal to 85% of the estimate (short of 129 billion VND) and equal to 94% compared to the same period (down 46 billion VND).

Steel production at Hoa Sen Steel Factory (Nam Cam Industrial Park). Photo: Chau Lan

Some key enterprises in this sector have a shortfall in revenue, such as: Hoang Mai Cement Company almost did not pay in the year (88 billion VND short of the estimate) because the budget is in debt to the enterprise; Viettel and Telecommunications Company has a shortfall of about 40 billion (due to changes in the policy of allocating input VAT, reducing the amount paid to the State budget); Cassava starch production companies (Thanh Chuong, Yen Thanh) have a shortfall of about 7 billion; Construction and transportation enterprises have a shortfall of nearly 30 billion...

Revenue from the National Service Sector: Estimated implementation in 2017 only reached 4,200 billion VND, equal to 89% of the estimate (short of more than 500 billion VND). Reason: The estimated allocation in 2017 increased by 24% compared to the implementation in 2016. This is a growth rate too high compared to the actual situation in Nghe An in recent years, the average growth rate is only 10% -14%.

New investment projects almost do not generate tax payments because the products are mainly exported or processed (Hoa Sen corrugated iron, MDF wood, VSIP, cement projects, etc.). The shortfall in revenue from new projects is about 200 billion VND.

In addition, some key enterprises reduced output and revenue, resulting in low tax payments, specifically: Sabeco Song Lam Packaging Company had a shortfall of about 10 billion compared to the estimate, Tien Phong Plastic Company had a shortfall of about 10 billion compared to the estimate...

Construction and transportation businesses also lost about 100 billion VND in revenue...

The total loss from the above-mentioned revenue shortfall is about 800 billion VND.

Pearl