VCN- In the first quarter of 2017, Customs revenues increased 23.3% compared to the same period in 2016. By the end April 2017, Customs revenues only increased by 16.7% and by the end of May 2017 the total revenue only increased by 13.24% compared to the same period. This is the reverse trend, which predicted revenues collection of Customs in the remaining months of 2017 to be very difficult.
|December 2016: Customs collects 1,255 billion vnd per day|
|Customs revenues strongly influenced by the change of import market|
|Customs revenues decreased by 1,000 billion vnd of imported automobiles|
|Operational activity at Air Port of Yen Binh Industrial Park, Thai Nguyen province. Photo: T.T|
Analysis of import and export situation showed that revenues in May 2017 reached 24,725 billion vnd, up 6.5% (equivalent to 1.514 billion vnd) compared to April 2017 (23,211 billion vnd). Accordingly, in the first five months of the year, the Customs revenues reached 117,469 billion vnd, equal to 41.2% of the estimates, up by 13.24% over the same period in 2016.
Specific analysis of the situation showed that in first five months of 2017, the dutiable import-export turnover reached $US 37,941 million, increasing by 17.6% over the same period in 2016. Taxable export turnover increased 46% and dutiable import turnover increased by 16%. In the first five months of the year, all commodities reached good growth rate, but the revenues increased mainly in major commodities such as automobiles and spare-parts, petroleum, steels, machine and equipment (accounting for 50% of total revenues).
For the CBU car, in the first five months of this year, 43,125 CBU cars were imported, increasing by 5.9% (equivalent to 2,403 CBU units over the same period in 2016). However, the value decreased by 10% over the same period of 2016. Cars of 9 seats or less were 23,283, up 38.4% in volume (equivalent to 6,460 units), worth $US 378 million, up 36.5% over the same period in 2016. The tax revenues collected from this commodity were 15,082 billion vnd (accounting for 13% of total budget revenues), an increase of 788 billion vnd compared to the same period of 2016. However, the increase was mainly due to imports of cars of 9 seats or less, increasing by 1.620 billion vnd.
For automotive spare parts in the first five months of 2017 reached $US 1.284 billion, up 4.8% over the same period in 2016, the revenue collection from this commodity was 6,700 billion vnd (accounting for 6% of total budget revenues, increasing by 630 billion vnd over the same period in 2016).
Another important commodity is petroleum. In the first five months of the year, dutiable imports was 4.1 million tons, worth $US 2,138 million, down 5% in volume and up by 27% in value over the same period in 2016. The revenues collected from this commodity is 10,743 billion vnd (accounting for 9.2% of total revenue), an increase of 1,170 billion vnd over the same period in 2016.
For Iron and steel, the dutiable import turnover in the first 5 months of the year was 5.9 million tons, worth $US 3,285 million, down 15.4% in volume and 30.6% in value. The amount of arising tax of this commodity was 7,884 billion vnd (accounting for 6.7% of total revenue), up by 1,599 billion vnd over the same period in 2016. For machinery and equipment, tools and instruments, dutiable import turnover in the first five months of this year reached $US 7,480 million, up by 10.8% over the same period in 2016. The revenues collected from this commodity was 19,017 billion vnd (accounting for 16.2% of total revenue), up by 2,095 billion vnd over the same period in 2016.
The Customs revenues in the first five months of 2017 increased over the same period in 2016. However, according to the prediction of the Export-Import Duty Department of General Department of Vietnam Customs, Customs revenues tends to decrease, because from the first half of April 2017 to now, import turnover of cars, especially cars of 9 seats or less, have fallen sharply. Import turnover of cars of 9 seats or less in April 2017 decreased by 4,192 units compared to March 2017, a decrease of 820 billion vnd compared to March 2017. In the coming months of 2017, the FTAs will have strong effect on the Customs revenues, the revenues will reduce indirectly due to the change of commercial direction. The revenue collection of Customs in the last months of the year will be very difficult.
Before this situation, at a meeting, the leaders of the General Department of Vietnam Customs assessed working performance in May and deployed task in June, the leaders of the General Department of Vietnam Customs discussed the measures to increase Customs revenues. Many leaders stated that Customs needed to continue to implement measures which were planned in the beginning of the year and facilitated trade being effective solutions to successfully complete the target of revenue collection.
Creating maximum favorable conditions for import-export enterprises, promptly solving arising obstacles under competence related to customs procedures, tax policies, tax administration, and mechanism of accounting, tax refund, and tax exemption. Removing difficulties and creating favorable conditions for enterprises in tax payment and enhancing the reform of Customs procedures and Tax administration procedures.
|Customs revenues reached more than 100.8% of target
VCN - To 31 December, 2016, at the Headquarter of the State Treasury, the General Director of ...
Controlling closely on tax debts, debt recovery, causes of increase or decrease of debts at the provincial and municipal Customs Departments and the petroleum imports with C/O forms D, E and AK in order to issue timely solutions to increase Customs revenues; Assessing the classification of tax debts according to the guidance in the debt management process to promptly amend them in line with actual situation.
Focusing on inspecting enterprises, key commodities and areas with high risks; Reviewing tax debts arising from the tax assessment under the post-clearance audit decisions and inspection decisions of the General Department of Vietnam Customs and the provincial and municipal Customs Departments to recover debts in accordance with provisions of the law.
In May 2017, revenues from all tax types increased over the previous month, excluding Environmental protection tax and protective tariff. Specifically, Export duty was 853 billion vnd, up by 23.9%; Import duty was 5,984 trillion vnd, up by 15.5%; VAT was 17,094 billion vnd, up by 9.1%; Special Consumption tax was 2,464 billion vnd, up by 45.6%; Other taxes (including environmental protection tax and protective tax) were 47 billion vnd.
By Thu Trang/Ngoc Loan