Tax deparment launches major tasks for 2020

1/9/2020 - 3:45:05 PM

(HBO) – The Hoa Binh Department of Tax has held a conference to review its performance last year and launch major tasks in 2020, with Vice Chairman of the provincial People’s Committee Bui Duc Hinh in attendance.

A view of the conference.

According to reports at the event, the province collected nearly 3.4 trillion VND in State budget revenue in 2019, up 5 percent from the previous year and equivalent to 92 percent of the yearly plan set by the provincial People’s Council.

Of the amount, State budget collection from taxes and fees (exclusive of land use fee) totalled nearly 2.71 trillion VND while revenue from land use fee exceeded 689 billion VND, a 2.6-fold increase year on year.

This year, theGovernment assigned the department to collect over 4.26 trillion VND for the State budget while the goal set by the provincialParty’s Committee and People’s Council is 4.78 trillion VND. The department has adopted four major tasks and four groups of solutions in order to fulfil the goals.

Speaking at the event, Vice Chairman Hinh highly spoke of the efforts by the tax department to fulfill the goals last year in the face of multiple socio-economic challenges.

He asked the department to continue ramping up communications and education on tax policies and procedures at all stages, units and sectors. He also ordered it to closely coordinate with local authorities and other departments in State budget collection and strengthen inspection to prevent losses.

It must also advise the provincial People’s Committee on ways to help businesses tackle difficulties, attract investment and organize land auctions. to boost local economy and create sustainable sources for tax and fee collection, Hinh said.

He assigned the department to collect at least 2.5 trillion VND for the State budget by June, 2020 and 5 trillion VND by the end of the year./.

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