Prime Minister Nguyen Xuan Phuc: Promoting the implementation of plan on Tax modernization
Prime Minister Nguyen Xuan Phuc |
The Tax revenue reached VND 1 trillion, exceeding the estimate by 2.9%. This result highlighted the unified coordination of instruction by Tax sector and local governments, and the great efforts of the Tax sector, contributing to the socio-economic development of the country.
In 2017, the Tax sector obtained fundamental achievements, including Tax modernization enabling the wide application of e-Tax services, facilitating tax payers and contributing to increasing Vietnam’s tax payment index by 81 places according to the report on ‘Doing Business 2018’ by the World Bank. At the same time, enhancing the position of Vietnam’s Tax authority in the international market by becoming the 100th member of “Forum on Coordination on implementing the action plan on preventing base erosion and profit shifting”. The public opinion on harassment and embezzlement on Tax also reduced.
In 2018, the Tax sector must continue to implement Decree 01/ND-CP on key tasks and solutions to instruct and manage implementation of the plan on socio-economic development, and the State estimate for 2017. The entire sector is striving to increase revenue by a minimum 3% of the estimate, and reduce tax debt rate by less than 5% of the total State budget.
The Tax sector needs to promote Tax modernization by continuing to review and reform tax administrative procedures, amend and supplement professional procedures, and raise the rank of Vietnam’s Tax payment index.
To this end, it is required that the Tax sector provides specific solutions. First, is implementing tax modernization by strengthening IT application and administrative reform. Second, is studying policies and review of Tax policies to meet the requirements for innovation and integration. Third, is focusing on Tax management for business households and the non-state sector, especially in the context of the high demand for cash payment. Fourth, is enhancing the prediction ability and assessment of tax policy impacts, by regularly organizing dialogues with tax payers. Lastly, is strengthening inspection and implementing risk management measures effectively.
The General Department of Taxation needs to promote collaboration with foreign Tax authorities in developing policies and inspections to prevent tax evasion, transfer pricing, and assessing impacts of integration with the financial budget.
Customs sector has reduced the amount of tax debt by over VND 157 billion VCN – Deputy Director of Import-Export Duty Department Nguyen Ngoc Hung said that, as of 31/12/2017, total ... |
In 2018, the Tax sector needs to restructure its apparatus. Besides the Tax reform and IT application in Tax administration, it needs to promote specialized training for Tax officers. It also needs to publicize the spirit of transparency in the entire sector to overcome corruption, harassment, as well as launch a movement against negative acts.
Related News
Facilitates import and export enterprises amid difficult context
09:46 | 06/04/2023 Customs
GDVC perform tasks in second quarter of 2023
09:47 | 06/04/2023 Customs
Import tax exemption to benefit domestic ITC industry
14:35 | 31/03/2023 Import-Export
Vietnam adjusting policies to adapt to global minimum corporate income tax: Official
15:48 | 27/03/2023 Finance
Latest News
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
More News
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance
Consider raising the level of penalties to ensure fairness and transparency in the stock market
13:27 | 04/04/2023 Finance
Central bank cuts policy interest rates to spur growth
17:43 | 02/04/2023 Finance
Ensure policies to attract investment when implementing global minimum tax
10:33 | 02/04/2023 Finance
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks
20:30 | 01/04/2023 Finance
Solutions to attract FDI when implementing the global minimum CIT
11:38 | 01/04/2023 Finance
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba
13:43 | 31/03/2023 Finance
Being many "hot" issues at the general meeting of shareholders of banks
09:24 | 30/03/2023 Finance
Bringing the policies on reducing land rent and water surface rent into life
15:41 | 29/03/2023 Finance
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance