The Taxation Department of the northeastern coastal province of Quang Ninh has taken measures to deal with tax arrears of businesses (Source: thoibaotaichinhvietnam.vn)
The department has assisted businesses, specially the Vietnam National Coal-Mineral Industries Holding Corporation Limited – a big contributor to the provincial budget – and enterprises located in economic and industrial zones and put forth specific solutions to solve corporate tax arrears.
Meanwhile, the Customs Department has tightened post-customs clearance inspections and boosted the implementation of automated customs clearance.
Quang Ninh’s total budget revenues reached almost VND29.4 trillion (USD1.29 billion) in the first 10 months of this year, equal to 92 percent of the annual estimates or 94 percent of the figure in the same period last year.
Of the total, domestic revenues were valued at VND21.1 trillion (USD931 million), equivalent to only 80 percent of the annual estimates.
Earlier, the province set a target of VND39 trillion (USD1.71 billion) in total state budget collection in 2017, of which USD29 trillion (USD1.27 billion) comes from domestic resources.
Therefore, the province’s total state budget revenues, especially domestic revenues, have yet to achieve growth as the set targets.
Revenues failing to achieve average growth rates include revenues from mining licence granting (VND1.6 trillion or 54 percent of the annual estimates), import-export tax collection (VND8.1 trillion or 51 percent of the annual estimates) and from foreign-invested enterprises (VND1.47 trillion or 68 percent of the annual estimates).
During the January-October period, Quang Ninh province’s budget spending reached VND12.7 trillion (USD558.8 million), equivalent to 67 percent of the annual estimates. Of the total, VND6.27 trillion was worth of development investment and VND6.42 trillion was regular expenses.
Quang Ninh’s economic growth in the fourth quarter of 2017 is expected to reach 11.7 percent and 10.2 percent for the whole year.
To achieve a growth rate of over 10 percent, Quang Ninh has devised numerous measures, focusing on collecting local budget funds, controlling budget spending, and reforming administrative procedures.
The locality will also work to remove difficulties for businesses and hasten the construction of infrastructure projects at industrial and economic zones and transport infrastructure facilities as well as create trust among investors and people.
In the first nine months of this year, the province gained important outcomes in various fields, with growth rising by 9.7 percent with the economic structure shifting to services.
The business investment environment and competitiveness were improved, and total social investment capital increased 9.5 percent.
The province launched the Business Café programme, built a survey tool for social networking, and establishing hotlines at all departments and sectors as well as organising quarterly and monthly meetings with enterprises.
In 2017, Quang Ninh had an initiative of implementing a social networking survey tool and building a fanpage to update businesses’ reports on administrative procedures relating to economic organisations.
The collection of opinions from businesses through the social network has helped authorities have more information to analyse and evaluate the business situation and build policies suitable with the local conditions.
Furthermore, direct dialogues between local leaders and entrepreneurs in the Business Café programme have been conducted since 2016 to weather difficulties for businesses./.