Nearly 100 percent businesses do e-tax declaration

HCMC Taxation Department has said it will continue administrative reform as well as tax management modernization this year, maintaining the ratio of businesses doing online tax declaration of over 99 percent and online tax payers of over 94 percent.

A businesswoman registers online tax payment at a bank in HCMC (Photo: SGGP)

In addition, the agency will connect with the Department of Natural Resources and Environment to manage land documents and increase information exchange with HCMC Customs Department.
Tax agencies’ electronic mailbox will be sustained for businesses to inform and get guidance of new tax policies in a timely manner as well as tax procedure problems.
This year, the tax industry strives to reach the total revenue of VND238,882 billion (US$10.56 billion) or VND226,482 billion excluding crude oil.

Last year, revenue hit VND203,236 billion ($8.98 billion), accounting for 103.8 percent estimates and up 10.48 percent over 2015.
Of three main taxes in the economic field, special consumption tax posted the highest revenue increase with 45.52 percent.
The achievement was thanks to tax rate hikes in beer, wine, cigarette and automobiles of less than nine-seater with cylinder capacity of from 2,000 cubic meters and more. These commodities contributed up to 90.5 percent of total special income tax.
Value added tax went up 13.62 percent over the previous year and corporate income tax surged 9.59 percent.

Other incomings also saw a high increase such as personal income tax rising 14.5 percent, land and water face rent 67.52 percent, state own house sales 46 percent.

So far 99.37 percent businesses have registered to pay tax online.

By Thanh Hai – Translated by Hai Mien

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