The budget revenue of the General Department of Vietnam Customs surpassed 261.1 trillion VND (11.5 billion USD), or 91.6 percent of the 2017 target as of November 28 (Photo: thoibaotaichinhvietnam.vn) Hanoi (VNA) - The budgetrevenue of the General Department of Vietnam Customs (GDC) surpassed 261.1 trillion VND(11.5 billion USD), or 91.6 percent of the 2017 target as of November 28.
The information was released on Thursdayduring a press conference held by the GDC. Budget collection for the whole yearis targeted to touch 285 trillion VND. Collections of the export-import,special consumption and environmental protection taxes reached 101.7 trillionVND, while those of the value-added tax reached 183.3 trillion VND.
November budget revenue is estimated toreach 25 trillion VND.
According to Luu Manh Tuong, director ofthe Import-Export Tax Department, budget revenue in December every year tendsto surge as enterprises usually boost the import of goods before the occasionof Tet (Lunar New Year). The department expects this month’s revenue to reach 26trillion VND.
GDC forecasts that budget collection forthe whole year will likely surpass the annual target of 285 trillion VND, tototal 295 trillion VND.
From now until the end of the year, thedepartment will instruct local customs departments to tighten the collectionand disbursement of the State budget and tackle difficulties in tax policies ina timely manner, GDC said.
The GDC will also increase theimplementation of post-customs clearance and inter-sectoral cooperation toprevent and detect trade fraud.
In turn, the local departments must proposemeasures to prevent losses and increase management by price consultation andprice and tax code assessment.
The high revenue was also attributed to theeffective instruction of the Party, National Assembly and Government andprovinces’ implementation of plans to achieve annual national socio-economicdevelopment goals.-VNA
The information was released on Thursdayduring a press conference held by the GDC. Budget collection for the whole yearis targeted to touch 285 trillion VND. Collections of the export-import,special consumption and environmental protection taxes reached 101.7 trillionVND, while those of the value-added tax reached 183.3 trillion VND.
November budget revenue is estimated toreach 25 trillion VND.
According to Luu Manh Tuong, director ofthe Import-Export Tax Department, budget revenue in December every year tendsto surge as enterprises usually boost the import of goods before the occasionof Tet (Lunar New Year). The department expects this month’s revenue to reach 26trillion VND.
GDC forecasts that budget collection forthe whole year will likely surpass the annual target of 285 trillion VND, tototal 295 trillion VND.
From now until the end of the year, thedepartment will instruct local customs departments to tighten the collectionand disbursement of the State budget and tackle difficulties in tax policies ina timely manner, GDC said.
The GDC will also increase theimplementation of post-customs clearance and inter-sectoral cooperation toprevent and detect trade fraud.
In turn, the local departments must proposemeasures to prevent losses and increase management by price consultation andprice and tax code assessment.
The high revenue was also attributed to theeffective instruction of the Party, National Assembly and Government andprovinces’ implementation of plans to achieve annual national socio-economicdevelopment goals.-VNA
VNA
