Tax industry offers reward of up to 100 million VND if revenue exceeds estimate

The General Department of Taxation has just offered rewards of 25-100 million VND to tax departments that collect more than their budget estimates in the fourth quarter to encourage units to "sprint" in the remaining months of the year.

Illustrative photo. (Source: VNA)

Specifically, this agency offers bonuses to units that exceed budget estimates in the fourth quarter, with the highest bonus being VND100 million for tax departments that exceed estimates by 10% or more.

A bonus of VND75 million will be given to units that exceed their revenue by 5-10%. In addition, tax departments that complete their budget estimates and exceed their revenue by 1%-5% will also receive a bonus of VND25-50 million.

These bonuses were given under the condition that the tax sector's budget revenue for the first 9 months was estimated at VND507,681 billion, equal to 81.3% of the ordinance estimate, and 115.4% compared to the same period in 2013.

However, according to the representative of the General Department of Taxation, the remaining collection task for the fourth quarter is 127,987 billion VND, meaning the average monthly revenue is 42,662 billion VND, an increase of 5% compared to the average of the first 9 months of the year.

Therefore, the leaders of the General Department of Taxation still believe that completing the budget collection task in the last months of the year requires great efforts from the entire industry.

Along with the above mentioned bonuses, the General Department of Taxation’s official dispatch also requires units in the industry to strengthen tax declaration management for taxpayers in the last months of the year. In particular, the tax industry’s official dispatch emphasizes the need to coordinate with relevant agencies to review and compare to accurately determine the number of units that are operating, have stopped, ceased business, absconded, or are missing.

In addition, the General Department of Taxation also requested local units to focus on reviewing and urging tax declaration and payment by organizations and individuals to promptly detect cases of incorrect declaration or insufficient tax payment.

Regarding internal inspection work, the document sent to local tax departments requires units to focus on monitoring, inspecting, and closely supervising tax officials in the performance of their duties, especially in risky stages.

In particular, tax industry representatives also proposed a solution to establish working groups to conduct surprise inspections of tax officials' performance of duties as well as taxpayers' compliance with the law./.

According to VNA