Ho Chi Minh Customs Department: Collecting thousands of billion VND from tax audit and anti-loss of tax revenue

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Transaction at Ho Chi Minh Tax Department. Photo: N.H

According to the Ho Chi Minh tax Department, in 2017, the Department has implemented schemes on anti-loss of revenue such as management of petroleum business, control of transfer pricing, management of e-commerce business, management of business in the field of high-end and catering services in line with the plan.

For the scheme on management of e-commerce business until the end of October 2017, Ho Chi Minh Tax Department collected 111 million VND of VAT, 188 million VND of Corporate Income Tax, 10.4 million of Personal Income Tax, and 112 million VND for penalties and late payment penalties. Implementation of the directive from the General Department of Taxation on anti-loss of Tax revenue and amendment of tax administration for business establishments, until the end of October 2017, was through the inspection of 11,232 of 13,141 businesses and individuals operating in the field of catering, commerce and service, the Tax Department collected 1,532 billion VND equivalent to 73.65% compared to the assigned target (2,080 billion VND).

For the scheme on management of petroleum business, Ho Chi Minh City Customs Department has deployed training on stamp at petrol stations in the city. In addition, the department propagated a scheme on management of petroleum business for 29 leading businesses and traders distributing petroleum products in the city, and issued the decision on establishing inter-sector inspection teams for the inspection of seal stamp in districts. Until October 2017, 540 petrol stations in 24 districts were stamped.

The schemes on anti-loss of revenue, from the beginning to the present day, Ho Chi Minh Customs Department has actively implemented the plans of inspection to accurately and fully collect revenue to the State budget. As a result, the Department inspected 17,161 business’s premises and collected 3,405 billion VND of tax arrears and penalties, an increase of 43% compared to the same period in 2016; contributed 2,100 billion VND to the State budget, deducted VAT of over 357 billion VND and reduced tax losses of over 11,281 billion VND.

The Department inspected at Tax headquarters 135,797 tax declarations. The amount of additional tax declarations was 223.5 billion VND, of which the amount of additional declarations in September was the highest since the beginning of the year (an increase of 201.4 billion VND). Implementing inspection at business’s premises 16,065 times, reached 90% compared to the plan of 2017. The amount of tax arrears, penalties and retrievals is 1,684.5 billion VND, an increase of 7% compared to the same period in 2016. The amount of imposed tax is 9.2 billion VND, VAT deduction of 254.7 billion VND and reduction of tax losses of 5,971.4 billion VND. Also, the Department audited 1,096 tax dossiers, reaching nearly 100% of the 2017 target. The amount of Tax arrears and penalties is 1,721 billion VND, reaching 103% of the 2017 target, VAT deduction is 102.5 billion VND and reducing tax loss is nearly 5,310 billion VND.

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According to Ho Chi Minh City Customs, the Department is focusing on inspection, urging tax collection and anti-loss of State revenue by implementing many measures to strive for inspection and audit of dossiers reaching 100% of the 2017 target on quantity, amount of tax arrears and penalties. Inspection of tax declarations at tax headquarters reached 100%. Urging and collecting in a timely fashion of Tax revenue and penalties through inspection contributes to the state budget by at least 80% within the decision of handling taking effect.

The Department also directed units to monitor the declaration of Corporate Income Tax in 2017, urged units to pay tax in accordance with the actual reality of business production and provisions of the law. In the last months of the year, besides the requirement of units to regularly report the progress of inspection, the Department also monitors the collection progress of each unit every day, and every week to direct, examine and urge to contribute revenue to the State budget in a timely fashion .