Vietnam: Guidance on the organization of management of state budget revenues in 2019 under Circular 115/2008/TT-BTC

Vietnam: Guidance on the organization of management of state budget revenues in 2019 under Circular 115/2008/TT-BTC (Illustrative image)

Circular 115/2008/TT-BTC stipulates the organization of management of state budget revenues in 2009 in Vietnam as follows:

- People's Committees at all levels, Tax authorities, Customs authorities, and related agencies shall be responsible for:

- Organizing the implementation of budget collection tasks from the beginning of the year, ensuring collections are correct, sufficient, and prompt according to legal regulations.

- Organizing the implementation of the Law on Personal Income Tax, Law on Corporate Income Tax, Law on Value-Added Tax, Law on Special Consumption Tax, and guidance documents from the Government of Vietnam and the Ministry of Finance effectively.

- Implementing timely and conditional tax deferral and reduction for enterprises facing production and business difficulties due to the financial crisis, focusing on small and medium enterprises, enterprises engaged in the production and processing of agricultural, aquatic, and marine products under the regulations of competent authorities and in compliance with WTO commitments.

- Continuing to implement fee and charge collection conformable to legal regulations, and seriously following Directive No. 24/2007/CT-TTg in localities.

- Regarding the collection of environmental protection fees from mineral extraction.

- Tax and Customs authorities should strengthen monitoring, inspection, and control of the declaration of goods names, codes, tax rates, and tax declarations by organizations and individuals; promptly detecting cases of incorrect or insufficient tax declarations to take corrective measures;...

- Ministries, central authorities, and the Provincial People's Committee should focus on directing the management of public organization and land use from the land use planning stage, preparation of cadastral dossiers, and issuance of land use right certificates,...

More details can be found in Circular 115/2008/TT-BTC effective from December 31, 2008.

Ngoc Tai

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