NDO/VNA – The Finance Ministry’s General Department of Taxation should strive to surpass the State budget estimate of more than VND1 quadrillion (US$55.88 billion) by at least 3%, said Prime Minister Nguyen Xuan Phuc. He made the statement during a conference in Hanoi on January 31 for a review of the sector’s performance in 2017 and embark on the tasks for 2018. The leader requested that the rate of delayed tax payment should remain below 5% of the total State collection this year. The PM asked for continuation of the 50% reduction in procedures for specialised inspection and 50% of business requirements, ensuring that 26% of total State spending will be used for development investment and 64.1% for regular expenditure. PM Nguyen Xuan Phuc visits the Centre for monitoring the IT system of the General Department of Taxation. (Photo: VGP) To achieve the above targets, he stressed the need to streamline administrative reform by using technological advances in tax declaration, payment, and management, as part of efforts towards scaling down cash payments. General Director of the General Department of Taxation, Bui Van Nam, said the sector has asked agencies to work hard to achieve the set targets, closely monitor the progress of State budget collections, and step up inspection over tax declarations and payments. He said at least 18.5% of the total number of businesses will be under inspection this year to prevent a loss of revenue to the State budget. Last year, the sector collected a record VND1.019 quadrillion… [Read full story]
GOVERNMENT ________ No. 01/NQ-CP SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness Ha Noi, January 02, 2014 RESOLUTION On major tasks and solutions guiding and directing the realization of the Plan for socio-economic development and state budget estimate in 2014 GOVERNMENT Pursuant to the Law on Organization of the Government dated December 25, 2001; Pursuant to Resolution No. 53/2013/QH13 dated November 11, 2013 approved by the National Assembly on the socio-economic development plan in 2014; Pursuant to Resolution No. 57/2013/QH13 dated November 12, 2013 approved by the National Assembly on State budget estimate in 2014; Pursuant to Decree…... [read more]
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The Hanoitimes - Under the National Assembly’s newly-adopted resolution on State budget estimate, about 50 trillion VND (2.25 billion USD) worth of government bonds will be used for key works and projects in the medium-term public investment plan in 2017. The 14th National Assembly (NA) adopted a resolution on the State budget estimate for 2017 during the ongoing second session in Hanoi on November 11 with 79.31 percent of votes. According to the resolution, the total State budget collection is estimated at more than 1,200 trillion VND (54.5 billion USD) while the total spending will be over 1,390 trillion VND…... [read more]