Hanoi’s tax revenue up 18% in first half of 2017

Mai Son, deputy director of the department, said inspections were conducted of over 8,155 companies in the capital city in the first six months, equivalent to 44.8% of the target and up 79.6% year-on-year. “The inspections aim to reduce unpaid tax and force businesses to comply with tax laws, thus avoiding losses for the State budget,” Son said.

A strong focus on debt collection by Hanoi’s Tax Department right from the beginning of the year has resulted in the recovery of VND6.4 trillion in arrears, Son said, adding that the tax department had become the country’s leading tax unit in debt collection.

Time and costs spent on completing taxation procedures have already been significantly reduced thanks to a series of measures promoting administrative reform, including the application of IT in tax management, he said.

As many as 98% of businesses in the city used online tax filing procedures, and 95% registered for e-tax payments, Son said.

“The department’s tax collection goal set out for 2017 was estimated at 205 trillion VND, which was relatively high, up 19% over 2016, posing many challenges for the second half,” Son said.

In a bid to meet the target, the tax department will strengthen coordination with the municipal police to detect, prevent and promptly handle tax fraud or evasion, especially the sale or use of illegal tax invoices, he added.

Vice Chairman of the Hanoi People’s Committee, Nguyen Doan Toan said the municipal tax department should undertake dialogues with firms, listening to their difficulties and discussing solutions, thereby ensuring sustainable tax collection, Toan said.