June 04, 2020 04:31

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Customs’ revenue decreases 7.36% compared to 2019

19:28 | 09/03/2020

VCN- According to the General Department of Vietnam Customs, as of February 29, Customs’ revenue hit VND49,970 billion, equivalent to 14.8 percent of the estimate, decreasing by 7.36percent compared to 2019. The whole customs sector’s revenue in February was VND23,951 billion, lower than in January (VND26,019 billion). 

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Import and export activities at some Northern customs units have been delayed due to the effects of Covid-19 epidemic. Photo:T.N

The General Department of Vietnam Customs said that the decrease in Customs revenue is due to the effect of Covid-19, with almost all import and export turnover of major commodities gradually declining.

According to the analysis of the General Department of Vietnam Customs, if in the first two months of 2019, the Customs’ revenue was VND1,458 billion on average per day, in the first two months of 2020, it is only VND1,308 billion.

As of January 31, the total overdue tax debt of shipments cleared and released by Customs increased 3.44 percent compared to December 31, 2019.

Currently, 43 banks have coordinated with the General Department of Vietnam Customs in revenue collection, including 30 banks participating in e-tax payment and customs clearance 24/7. Accordingly, the tax revenue collected electronicallyaccounts for more than 97 percent of the total revenue of the General Department of Vietnam Customs.

To increase revenue, in the near future, the General Department of Vietnam Customs will perfect regulations and guidance for import and export goods in the customs clearance process. It will promptly solve problems related to tax policies, tax administration, accounting regime, tax refund, tax exemption and remove difficulties and facilitate enterprises in tax payment.

By Dao Le/Ngoc Loan