To assess the situation of state budget revenue tasks in Vietnam 2023

To assess the situation of state budget revenue tasks in Vietnam 2023 (Internet image)

To assess the situation of state budget revenue tasks in Vietnam 2023

Content mentioned in Circular 51/2023/TT-BTC guiding the development of State budget estimates for 2024, State financial and budget plan for 03 years 2024–2026 was issued by the Minister of Finance of Vietnam on July 17, 2023.

(1) Evaluation principles:

Comply with the provisions of the Law on State Budget, the provisions of law on taxes, fees, and charges, and documents directing and operating the State budget of competent authorities; Do not assess into state budget revenues fees that have been converted to service prices according to the provisions of the Law on Fees and Charges, deductible amounts for state agencies, or amounts deducted from fees collected from service activities implemented by public service units and organizations assigned by competent state agencies.

Ministries, central agencies, and localities shall review and assess factors affecting the ability to collect state budget revenue in the first 6 months of the year and expect implementation in the last 6 months of 2023, which focuses on clarifying the advantages and difficulties; and proposing solutions to strive to achieve the highest state budget revenue estimates decided by the National Assembly and People's Councils at all levels.

(2) Evaluation content:

**assess and analyze the causes of increase and decrease in state budget revenue in 2023, paying attention to clarifying:

- Factors affecting production - business, service, and import-export activities of enterprises and economic organizations in each field; production and consumption output; selling prices; profits of main goods and services in the area; Impact of fluctuations in prices of crude oil, raw materials and input materials, food, prices of input materials for agricultural production, other agricultural goods, fluctuations in the stock market, the real estate market, projects whose tax incentive period has expired, and the ability to deploy expansion and new investment projects.

- Calculate specifically the factors that increase and decrease revenue due to changes in legal policies on revenue; Extending the deadline for paying value-added tax, corporate income tax, personal income tax, and land rent in 2023 according to Decree 12/2023/ND-CP; Implement a tax reduction roadmap to implement international economic integration commitments.

**Promotion and collection of outstanding tax debt in the first 6 months of 2023; Expected results of tax debt collection in the last months of 2023 (compared to assigned expenditures and plans - if any) and estimated total tax debt by December 31, 2023. Results of implementing recommendations of the State Audit, inspection agencies, and arrears decisions of tax authorities at all levels when performing inspection tasks and checking compliance with tax laws.

**The situation of value-added tax refund and expected tax refund amount to be implemented in 2023 on the basis of correct policies and regimes and in accordance with arising realities; Report to competent authorities to supplement tax refund funding sources (if any) to fully, promptly, and strictly comply with the provisions of the law; Supervision, inspection, post-tax refund inspection, handling of timely recovery of value-added tax refunds in violation of regulations, and recommendations (if any).

**assess the implementation of refunds of taxes, late payment interest, and overpayment fines according to the provisions of law (in addition to value-added tax refunds) according to the following criteria: refund amount, number of refund review dossiers, number of refund decisions according to regulations and problems, difficulties, proposed solutions on policy mechanisms, management technology, and organized coordination during the implementation process (if any).

**Situation of budget revenue from land (land use fee collection, land rent) according to land law and Resolution 132/2020/QH14, Decree 26/2021/NĐ-CP;

**Budget revenue situation from handling and arranging houses and land according to the provisions of Decree 167/2017/NĐ-CP, Decree 67/2021/NĐ-CP, and other relevant legal regulations;

**Situation of budget revenue from leasing exploitation rights, transfer of rights to exploit infrastructure assets for a term, state budget revenue from assigning management and use of infrastructure assets invested and managed by the State in a way that does not include State capital at the enterprise, exploiting land and water surface funds (after deducting relevant costs);

**Assess the situation of revenue from ownership conversion of enterprises and public service units, revenue from the transfer of state capital, and the difference between equity capital and charter capital at the enterprise according to the provisions of Decree 148/2021/ND-CP.

**Results of coordination between ministries, central agencies, and localities in the management and removal of difficulties and obstacles in state budget revenue, auction of state assets, auction of land use rights, and organizing inspection, examination, and urge tax debt recovery, preventing revenue loss, and preventing transfer pricing; existence, problems, and solutions.

**Status of fee and fee collection according to the provisions of the Law on Fees and Charges (assessment of fees and charges collected according to regulations; fee collection amount paid to the state budget); collect fines for administrative violations, collect fines, confiscate, and other state budget payments in 2023 according to the Law on Sanctions for Administrative Violations and related legal documents.

**Situation of aid collection in the first 6 months of the year and expected for the whole year 2023.

Circular 51/2023/TT-BTC takes effect on August 31, 2023.

Duong Chau Thanh

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