VCN- These are the statistics published at the online conference in the first quarter of 2018 held by the General Department of Vietnam Customs on 6 April 2018. Compared to the same period in 2017, revenues fell by 2.16%. These results account for 24.04% of the estimate in 2018, reaching 23.2% of the target.
|Customs revenues tends to decrease|
|Customs revenues reached more than 100.8% of target|
|December 2016: Customs collects 1,255 billion vnd per day|
|Customs activities at the Customs Branch managing the investment and processing of Hanoi. Photo: N.Linh.|
Taxable turnover increased by 7.73%
Regarding factors affecting the tax collection, the Director of the Import-Export Taxation Department, Mr. Luu Manh Tuong said that in the first quarter of 2018, import-export turnover reached $US 23.4 billion, an increase of 7.73% over the same period. Among the factors that increase the revenues, notable items are gasoline with revenues of VND 9,300 billion, an increase of VND 3,500 billion over the same period. "Thanks to an increase in turnover, the rate is 2.16%," he said.
According to Mr. Tuong's assessment, in anticipation of the first quarter revenues, and the impact of the policy in the coming time, the task of collecting State budget of VND 283,000 billion (ordinance norm) and VND 293,000 billion (target) will meet a lot of difficulties.
First, the difficulty of reducing revenues from FTAs in 2018 is estimated at VND 30,150 billion.
Especially, in the second quarter of 2018, revenues from petroleum products will fall sharply when Nghi Son Oil Refinery Project comes into operation.
Under the tariff incentive scheme (from 1 January 2018, some imports of automotive parts will be subject to the preferential tax rate of 0%), the import duty will be refunded to importers of components that meet the conditions. By June 2018, the Customs office will implement the tax refund program, about VND 900 billion in the first quarter of 2018, estimated to reduce the revenue from this product from about VND 3,500 billion to VND 4,000 billion. The Decree 116/2017 / ND-CP also affects the revenue from this product.
Effective loss prevention
In order to complete the task of collecting State budget in 2018, the Director Luu Manh Tuong emphasized that the first solution was to develop detailed solutions to facilitate enterprises, focus on deploying projects, such as: the project management, Customs clearance at seaports, airports; project management of processed goods, export production; the project of tax collection and clearance 24/7 to facilitate import and export activities, restricting the use of business loopholes to increase state budget revenues.
At the same time, strengthening Customs management in time to detect smuggling and trade frauds that cause loss in State budget revenues. In particular, he said that the units should focus on issues such as price work, the list of price risk management to identify suspicious signs, consultations, Customs post-clearance audits. When the Decree amending and supplementing Decree 08/2015 / ND-CP is issued by the Government, it will change the basis of price management. The high risk of the price fluctuation will be consulted at the clearance stage, while the low risk cargo will be checked after Customs clearance, to reduce the status of low value declaration.
In the fight against losses, the classification and application of tax rates should also be focused on avoiding the illogical classification status. In addition, in 2018, we apply the list of new tariffs for imports and exports, so there are many commodities changing codes, so it is necessary to continue reviewing the tax incentives as prescribed to ensure the right application.
Carry out the tax exemption review, especially the tax exemption for investment projects, due to differences in investment incentive policies between the Law on Export and Import Tax No. 45 and the Law on Export and Import Tax No. 107.
The next group of solutions is to organize the timely implementation of the inspections, examination and auditing conclusions; to focus on analysis and assessment of post-clearance risks or specialized inspections to promptly implement Customs clearance and avoid duplication errors.
Implement debt recovery, not to generate debts, especially with debts after inspections to deal with outstanding debts in inspections and examination.
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As for the important solutions directly affecting the task of collecting state budget of local Customs units, Mr. Tuong said: Customs departments of provinces and cities should monitor, closely follow the situation. Particularly, revenue sources and collection bases shall be ensured to provide groups of solutions suitable to their geographical areas and report to the General Department for timely settlement.
By Ngoc Linh/ Hoang Anh