HCM City: Domestic revenue collection achieved over 68, 700 billion VND

Enterprises implement procedure at HCM City Tax Department. Photo: Nguyễn Huế

In that, domestic collection from petrol achieved 63,243 billion VND, reaching 24.68% of current appropriation of 2018, which increased by 6.87% over the same period in 2017. Collection from crude oil achieved 5,477 billion VND, reaching by 43.58% of current appropriation of 2018, increased by 26.53% over the same period in 2017.

To achieve the above results, according to HCM City Tax Department, the objective reason is the city's economy in the first quarter is developing steadily with many positive changes. Since the beginning of the year, the HCM City People's Committee has led and directed the departments, branches and localities to coordinate with the tax authorities in the implementation of tax administration in order to ensure the completion of revenue collection tasks. It also involved great efforts of the unit in revenue collection.

Specifically, in order to fulfill revenue collection tasks, the Taxation Department developed a key tasks program in 2018, seriously evaluating the results of 2017, analyzing the advantages and disadvantages affecting revenue source in 2018, in order to focus on directing the collection right from the first month of 2018.

In addition, the Department of Taxation has focused on reviewing and urging arising revenue and tax debts to timely pay into the budget. Particularly, to urge the payment of excise tax in 2018, corporate income tax and remaining profit in Quarter 4 of 2012, to settle corporate income tax and personal income tax in 2017.

Besides concentrating on directing the urge to collect debts and forcible tax debts, the debt collection results of 2017 have been temporarily calculated up to the end of March of 2018 at 1.668 billion VND.