On August 29, 2019, Minister of Finance Dinh Tien Dung issued Directive No. 01/CT-BTC on strengthening budget revenue collection, striving to complete budget revenue collection and tax management tasks in 2019. The directive emphasizes the task of tax authorities at all levels to resolutely manage revenue collection, exploit revenue sources, and combat revenue loss to exceed assigned targets.
In order for the tax sector to achieve its goal of collecting state budget revenue, the Minister outlined several key tasks.
Standardization in the management of budget revenue collection and payment throughout the entire tax system.
All agencies within the tax system, from the General Department to the Tax Departments, Tax Branches, and tax teams, need to closely manage tax collection targets and monitor the progress of budget revenue collection to promptly implement revenue management solutions and exploit opportunities for increased revenue. At the same time, they should regularly evaluate the results and progress of implementation, and strengthen efforts to resolve difficulties and obstacles in the tax management process in order to exceed the assigned State budget revenue target for 2019.
Regarding tax debts
Strengthening debt monitoring to promptly urge and remind taxpayers to pay, and intensifying the handling of delinquent debts. If necessary, agencies may apply debt enforcement measures, publicly disclose tax debt information through mass media, and coordinate with local authorities to establish inter-agency teams to review and recover outstanding tax debts, and thoroughly collect all newly incurred debts in 2019.
Strengthen control over the implementation of tax inspections and audits.
Each tax authority must manage tax audits of high-risk businesses, businesses with large tax refunds, or affiliated businesses with high transfer pricing risks, etc. Audits should be conducted weekly, monthly, or quarterly to facilitate resource allocation and control.
Regarding land-related revenues, local tax authorities proactively coordinate with local land management and finance agencies to review the collection of land use fees, land lease fees, and water surface lease fees. They promptly report any difficulties to the competent authorities for resolution, ensuring the full and timely collection of revenues into the State budget.
Finally, it is crucial to monitor and update the operational status of businesses, especially large enterprises, in a timely manner. Strengthening the supervision of tax declarations by taxpayers is essential to ensure timely collection of outstanding taxes, preventing under-declaration, inaccurate declarations, or postponement to the next declaration period, which could negatively impact state budget revenue.
