Budget collection - a prosperous year

In 2024, in the context of many difficulties and challenges that greatly affect the production and business activities of people and enterprises, the tax sector still achieved domestic revenue of nearly VND 11,600 billion, reaching 134.9% of the estimate, up 17.9% compared to 2023. This is the third year that Thai Binh's domestic revenue has exceeded the VND 10,000 billion mark.

Produced at Bao Hung International Joint Stock Company. Photo: Khac Duan

Impressive results

Not only did domestic revenue increase, land use fee collection also grew strongly with total revenue of nearly VND 5,600 billion, an increase of 50.3% of the estimate. In addition, revenue from taxes, fees and other revenues after deducting land use fees also had a good growth with total revenue reaching more than VND 5,980 billion, reaching 123.1% of the estimate, up 9.2% compared to 2023. Of the total 16 budget revenue targets managed by the tax sector, 12 targets exceeded the estimate, of which many targets exceeded the estimate and compared to 2023 such as: personal income tax (total revenue reached more than VND 530 billion, reaching 177.2% of the estimate, up 63.7% compared to 2023), mineral exploitation rights fee (total revenue reached nearly VND 85 billion, reaching 280.8% of the estimate, up 84.7% compared to 2023), registration fee (total revenue reached more than VND 450 billion, reaching 128% of the estimate, up 21.3% compared to 2023). 2023)...

As one of the units that has performed well in budget collection, although it was only until August 2024, the Quynh Phu - Hung Ha Regional Tax Department has completed the estimate assigned by the Ministry of Finance with a total revenue of nearly 1,300 billion VND. By the end of 2024, the total domestic revenue implemented by the Department was 2,280 billion VND, reaching 175.4% of the estimate; of which land use fees reached more than 1,820 billion VND and tax, fee and other revenue reached nearly 460 billion VND.

Mr. Do Ba Khanh, Head of the Tax Department of Quynh Phu - Hung Ha area, said: To achieve the above results, from the beginning of the year, the Department has proactively developed a plan and proposed groups of solutions, focusing on reviewing and thoroughly and effectively exploiting revenue sources, paying attention to urging the collection and payment of fees and charges arising and due to the state budget; promoting the application of information technology, simplifying administrative procedures in tax management; assigning specific tasks to each tax team, each functional department and each tax officer to closely follow the locality, at the same time promoting inspection, examination, anti-tax loss, enhancing debt collection by classifying tax debts according to regulations and applying appropriate urging measures; strengthening tax management for transient basic construction activities, basic construction of private housing, e-commerce; Actively coordinate with functional agencies and People's Committees of communes and towns to strengthen collection management and urge collection of land-related fees to ensure compliance with regulations...

Accompany and share difficulties with taxpayers

The results of budget collection in recent years, especially in 2024, have affirmed the effectiveness of leadership and direction of all levels, sectors and localities in the province, especially the active participation of the tax sector, which has focused its efforts and unanimously carried out the assigned tasks.

Mr. Do Hong Nam, Director of the Provincial Tax Department, said: Not only proactively implementing collection solutions to collect correctly, fully and promptly the revenues to the state budget, from the beginning of the year, the tax sector has also actively implemented support mechanisms and policies, accompanying taxpayers to overcome difficulties to fulfill their tax obligations to the state such as: reducing environmental protection tax rates on gasoline, jet fuel... according to Resolution No. 42/2023/UBTVQH15 of the National Assembly Standing Committee; Reduce 2% of value added tax (VAT) rate for some groups of goods and services currently applying 10% VAT rate from January 1, 2024 to June 30, 2024 according to Government decrees and National Assembly resolutions... In 2024, the whole industry has reduced more than 700 billion VND, extended more than 420 billion VND of tax, thereby helping businesses, business households, and individual businesses reduce difficulties and financial burdens, and have more capital to put into production and business.

Ms. Phan Thi Cham, Chairwoman of the Board of Directors of Bao Hung International Joint Stock Company, shared: After nearly 20 years of construction and development, the Company has made remarkable progress. If in 2014, the Company's revenue only reached 34 billion VND, the main market was the Northern provinces; up to now, the Company's revenue has reached more than 700 billion VND, paid more than 10 billion VND to the state budget, the Company's products with the Omeli brand have been present nationwide and exported to over 30 countries. During the operation, tax officials have actively supported the Company in guiding, answering difficulties and problems, promptly disseminating new tax policies, especially preferential tax policies, thereby helping the Company overcome difficulties and increasingly better fulfill its tax obligations to the state.

Administrative reform, modernization of tax management

In 2024, the provincial Tax Department's Departmental, Sectoral, District and City Competitiveness Index (DDCI) will reach 79.56 points, an increase of 6.12 points compared to 2023. To achieve that result, along with thoroughly disseminating to the district tax branches, regional tax branches and affiliated departments to consider administrative reform as the top priority task; in which, focusing on seriously implementing the decisions of the Prime Minister and the Ministry of Finance on the tax system reform strategy until 2030; the tax sector also recommends cutting and simplifying unreasonable regulations that cause difficulties for business activities in the tax sector; actively applying information technology in handling online public service administrative procedures at levels 3 and 4 through the electronic one-stop information system, minimizing travel time, social costs and creating convenience for taxpayers.

In addition, the tax sector also actively applies information technology, modernizes tax management, such as: deploying the centralized tax management application TMS; performing tax registration, tax declaration, tax payment, tax refund by electronic means, electronic invoices, electronic invoices generated from cash registers; analyzing and classifying risks in tax refunds; standardizing personal tax code data...

Accompanying and supporting taxpayers in declaring, paying taxes, and electronically refunding taxes quickly and conveniently, the Provincial Tax Department has deployed electronic tax services to serve people and businesses in declaring, paying taxes electronically, and electronic tax refund services; deploying the eTax Mobile application installed on smart mobile phones to allow business individuals and business households to look up tax registration declarations anytime, anywhere on devices with internet connection, helping taxpayers easily interact with tax authorities, reduce costs and time, and complete tax obligations quickly and accurately.

In the joy of the new spring, the results achieved in budget collection in the year of Giap Thin 2024 will be the premise and motivation for the tax industry to be determined to conquer new heights in the year of At Ty 2025.