Estimation of Revenue from Import-Export Activities for the Year 2014

Constructing Revenue Estimates from Import-Export Activities in 2014 (Illustrative Image)

To be specific, under Article 9 of **** Circular 90/2013/TT-BTC stipulates the construction of revenue estimates from import-export activities based on the analysis and assessment of export and import movements of taxable goods impacting budget revenue; the sustainability of the export and import value of key commodities; the degree of trade and investment facilitation, and harmonization of standards when penetrating and expanding export markets; the decline in consumer demand in key markets; the increasing competitiveness of some countries in the region; the roadmap for tax reduction to fulfill international economic integration commitments; the impact of regulations and standards in international trade (technical standards, technical specifications, conformity assessment procedures, sanitary and phytosanitary regulations).

- Analyze and forecast the impacts on state budget revenue due to changes in price, exchange rate, increase or decrease in the quantity of each specific export item within each export group (agricultural, forestry, aquatic products; fuel, minerals; processed industrial products), by market.

- Analyze the impact on state budget revenue due to changes in exchange rate, price, increase or decrease in quantity by each specific import item within each import group (group of goods requiring import control, restricted import goods, necessary import goods, other goods) of enterprises with 100% domestic capital, foreign-invested enterprises,... and by import market.

Additionally, the revenue estimates must be constructed based on compliance with customs procedures; customs inspection and supervision, export tax, import tax, and tax management for export and import goods as stipulated in Circular 194/2010/TT-BTC dated December 6, 2010, of the Ministry of Finance; the tariff rates of the Export Tariff and Preferential Import Tariff according to the list of taxable items stipulated in Circular 157/2011/TT-BTC dated November 14, 2011, of the Ministry of Finance and related documents. Strengthening the simplification of administrative procedures in the field of customs to shorten clearance time and reduce costs for export and import goods. Enhance measures to combat revenue loss such as: handling tax debt, combating smuggling, tax evasion, and commercial fraud.

For more details, see Circular 90/2013/TT-BTC, effective from August 14, 2013.

Le Vy

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