In 2024, the Provincial People's Council assigned a state budget revenue estimate of 32,823 billion VND in the area, of which: Domestic revenue is 29,123 billion VND; Revenue from export and import activities is 3,700 billion VND. The province continues to be assigned to ensure the balance of state budget revenues and expenditures with central regulation. According to analysis by the authorities, in the first quarter of 2024, the socio-economic situation is on the track of recovery and development, positively affecting the results of state budget revenue. However, the increase in raw material costs increases the input costs of businesses, especially units operating in the fields of transportation, production, trade..., leading to the impact of reducing state budget payments in some areas. number of fields.

Manufactured at OPEC Plastic Joint Stock Company (Van Lam)

For domestic budget collection, the revenue estimate for 2024 increases by VND 10,902 billion compared to 2023. This is the year the highest domestic budget revenue estimate has ever been. Based on the assigned estimate, the Provincial Tax Department reviews and evaluates revenues and taxes to deliver the first quarter revenue estimate to each affiliated unit. At the same time, direct units to proactively and actively advise local party committees and authorities on solutions to exploit revenue sources, prevent revenue loss, promptly remove difficulties and obstacles, and create favorable conditions. for taxpayers to operate production and business activities and fulfill obligations to the state budget. 

Tax authorities promote the review and reduction of administrative procedures, upgrade the application of electronic invoice systems, deploy electronic invoices for petroleum retail activities, and promote the application of data analysis. Big data and artificial intelligence (AI) in tax management and invoice management, contributing to control and quick detection of fraud on invoices and tax declarations... Up to the end In the first quarter, the provincial tax industry's state budget revenue was estimated at over 9,140 billion VND, reaching 31.39% of the assigned estimate, an increase of 65.1% over the same period last year. Some revenues and taxes that have made good progress are: Revenue from the foreign-invested enterprise sector, revenue from the non-state enterprise sector, collection of fees and charges, collection of personal income tax, revenue Ground and water surface rent... Outstanding in the domestic revenue structure is the result of budget revenue from the non-state enterprise sector of over VND 4,573 billion, reaching 75.98% of the yearly estimate, an increase of 124%. compared to the same period last year. The high results of state budget revenue from this area are due to Hung Yen Branch - Vinhomes Joint Stock Company paying more than 3 trillion VND in taxes (including value added tax and corporate income tax)...

 

However, in the revenue structure of the first quarter of this year, there are 2 revenues reaching less than 10% of the whole year's estimate, which are: Land use fee collection (reaching 9.28%), non-agricultural land use tax collection (reaching 9.28%), non-agricultural land use tax collection ( reached 7.12%).

 

Regarding state budget revenue from export and import activities, this year's estimate is reduced by 1,000 billion VND compared to last year. Implementing the assigned estimate, Hung Yen Customs Branch strengthens the Customs-Business partnership, facilitates import and export activities and accompanies businesses. The unit promotes administrative procedure reform, effectively implementing the online public service system, electronic tax payment scheme and 24/7 customs clearance. In addition, closely review data on the Customs software system to promptly detect goods showing signs of trade fraud to process and collect the full tax amount according to regulations. In the first quarter, Hung Yen Customs Branch collected state budget revenue estimated at over 977 billion VND, reaching 26.42% of the estimate, up 15% over the same period last year. So overall, the state budget revenue results for the first quarter of 2024 are quite good, a positive sign in the process of implementing the state budget revenue estimate for the whole year.

 

To ensure completion of the yearly state budget revenue estimate, based on forecasting challenges and advantages, revenue agencies (Tax, Customs) need to proactively develop and implement specific budget revenue plans. in situations, consistent with the actual situation. Focus on planned inspections and examinations combined with thematic inspections and examinations to prevent revenue loss in areas with high tax risks such as: Affiliate transactions, capital transfers, e-commerce, Value added tax refund, fraudulent use of electronic invoices, resource and mineral exploitation, service business. Tax Departments and revenue management departments need to regularly monitor the operations of businesses, firmly grasp revenue sources in the area, focus on analysis, evaluation and forecasting of revenue sources, thereby determining Identify potential revenue sources, areas and taxes that are still lacking in revenue to promptly propose effective management solutions; Propose to the Provincial People's Committee to direct local branches and levels to coordinate with tax authorities to strengthen revenue management. Closely coordinate with police agencies and market management agencies to strictly control commodity prices and prevent budget loss. Strengthen inspection and supervision of tax declaration work, ensuring that 100% of organizations and individuals with production and business activities in the area are included in tax declaration and payment management.