HBO - Hoa Binh province’s Taxation Department targets to collect 1.42 trillion VND in budget revenue in the first half of the year, accounting for 48 percent of the Government’s estimate and 39 percent of the resolution adopted by the provincial People’s Council. To realise the target, the department has been focusing on implementing measures to improve tax administrative procedures, control sources of income, and facilitate tax payers’ payment fulfillment.

Korean Transon Co., Ltd receives support to carry out its project at Luong Son industrial park. It has created jobs for 1,600 local labourers.


State budget collection totalled 705 billion VND in the first quarter, equivalent to 24 percent of the Government’s estimate for the whole year, 19 percent of the resolution of the provincial People’s Council, 95 percent of the province’s estimate for the time, and up 4 percent from the same period last year. Earnings from taxes and fees (excluding land use fees) were reckoned at 672.7 billion VND, equal to 25 percent of the Government’s estimate, 22 percent of the resolution of the provincial People’s Council, and increasing 7 percent year on year. Meanwhile, the province collected 32.3 billion VND from land use fees, making up of 12 percent of the Government’s estimate, 5 percent of the provincial People’s Committee, and 65 percent of the amount recorded in 2018’s Q1. It was reported that higher budget collection was made in 9 out of 17 items subject to tax payment.

Following the direction of the General Department of Taxation and the provincial People’s Committee, the provincial Taxation Department has comprehensively implemented a set of tax management measures to fulfill state budget collection target in Q2 and the whole 2019. Those include accelerating the tax administrative procedure reform during 2016-2020 as approved by the Ministry of Finance, reviewing the reform in line with the Government’s Decree No.02/NQ-CP and the provincial People’s Committee’s Decision No.02/QD-UBND dated January 2, 2019 on promoting business climate and improving local competitive capacity in 2019 and the following years.

Besides, increasing communications campaign and training on tax policies, providing e-service for tax payers, identifying potential areas for tax collection and enhancing management of tax collection will be put at the first line of solutions to ensure that all of the business establishments in the province fulfill their tax payment duties.

 


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