Quy Hop: Budget revenue exceeds 31% of legal target

In 2018, Quy Hop District Tax Department assigned the state budget revenue estimate of 122.4 billion VND.

Mineral exploitation in Quy Hop area. Photo: Document

Faced with difficulties such as sharp decline in mineral exploitation and processing activities; many enterprises in the area face difficulties in production and consumption. The above challenges put considerable pressure on Quy Hop district in carrying out the task of budget collection.

With the efforts of the district, departments, branches and localities, the total state budget revenue in the district reached over 160 billion VND, an increase of 31% of the assigned target, an increase of 120% compared to the same period in 2017. In particular, the types of taxes achieved high results: Tax collection from the non-state industrial, commercial and service sectors reached over 92.5 billion VND, an increase of over 26.5% of the assigned target; collection of mineral exploitation rights was 24.6 billion VND, an increase of 161.8% of the annual estimate; collection of land use fees was 6.9 billion VND, reaching 343.6% of the ordinance estimate.

However, according to the assessment of the District Tax Department, currently some enterprises have large tax debts. Up to now, the total tax debt of enterprises, cooperatives and individual households is estimated at nearly 47 billion VND. Of which, bad debt is over 19 billion VND. Most of the debts are concentrated in enterprises./.