Hà Nội tax revenue up 16 per cent
People pay tax at a branch of Hà Nội Tax Department. Hà Nội collected over VNĐ 一 六0. 五 trillion (US$ 七. 一 billion) in taxes this year, 四 percent higher than its annual target and 一 六 per cent higher compared to 二0 一 五. — VNA/VNS Photo Hoàng Hùng
HÀ NỘI — Hà Nội collected over VNĐ 一 六0. 五 trillion (US$ 七. 一 billion) in taxes this year, 四 per cent higher than its annual target and 一 六 per cent higher compared with 二0 一 五.
This was reported by the municipal Tax Department.
Of the estimate, domestic tax revenue (excluding budget collections from crude oil) reached VNĐ 一 五 八. 七 trillion, up 一 八 per cent year-on-year and increased by 三 per cent in comparison with the yearly target, Nguyễn Thế Mạnh, director of the Hà Nội Taxation Department, said during a conference held by the department in Hà Nội on Tuesday.
The department conducted inspections on over 一 七, 九00 companies located in the capital city, Mạnh said, adding that the inspections aim to reduce unpaid tax and force businesses to comply with tax laws, thus avoiding losses for the State budget.
A focus on debt collection by Hà Nội’s Tax Department this year has resulted in the recovery of VNĐ 一 二. 七 trillion in arrears, up 三0 per cent year-on-year, Mạnh said, adding that the city’s tax department has become the country’s leading tax unit in debt collection.
Mạnh said the application of information technology was one of the key reforms needed in the administration of taxation.
Time and costs spent on completing procedures in taxation had already been significantly reduced thanks to a series of measures promoting administrative reform, including the application of IT in tax management, he said.
As many as 九 八 per cent of businesses in the city used online tax filing procedures and 九 三 per cent registered for e-tax payments as of the end of 二0 一 六, Mạnh said. — VNS
