To resolutely implementing the state budget revenue collection in Vietnam

To resolutely implementing the state budget revenue collection in Vietnam

According to Official Telegram 85/ND-TTg, with the determination to strive to achieve the highest possible completion of the 2024 budget estimates targets and tasks as concluded by the Central Committee and the Resolutions of the National Assembly, the Government of Vietnam aims to ensure the stability of the state budget balance at all levels in all situations, enhance the saving of regular state budget expenditures, concentrate resources on increasing investment in infrastructure development, disaster prevention and mitigation, and response to climate change. It also seeks to strengthen financial and state budget discipline and order.

The Prime Minister has requested the Ministers, Heads of ministerial-level agencies, agencies under the Government of Vietnam, and the Chairmen of the People’s Committees of provinces and centrally governed cities to focus on directing and guiding several key points.

In particular, the Ministries, agencies, and local authorities have been tasked with decisively implementing state budget revenue collection, striving to complete the assigned revenue estimates at the highest level with the following specific content:

- Continue to perfect the legal institutions and policies on state budget revenue, simultaneously implement solutions and measures for revenue management, prevent revenue loss, and ensure correct, adequate, and prompt revenue collection of all arising revenues according to regulations. Continue to research and perfect tax regulations on houses and land; expand and prevent the erosion of the tax base, exploit untapped revenue sources, and expand new revenue bases.

- Promote and enhance digital transformation and the application of information technology to improve the effectiveness and efficiency of revenue management work, especially in collecting revenue from e-commerce transactions, foreign suppliers, implementing the information data portal on e-commerce platforms, and expanding the deployment of electronic invoices generated from cash registers for businesses and business households providing goods and services directly to consumers, especially food and beverage services. On this basis, strive to exceed the 2024 state budget revenue by over 10% compared to the National Assembly's estimates and achieve 2025 state budget revenue about 5% higher than the estimated implementation of 2024 to ensure the resources needed for expenditure tasks according to the estimates, increase expenditure to create a source for wage reform, and handle unforeseen emergence tasks.

- Strengthen the prevention and control of trade fraud, transfer pricing, import price fraud, and smuggling across borders, especially activities conducted on digital platforms and real estate transactions. Strengthen inspection and supervision of the implementation of regulations on price management, taxes, fees, stabilize raw material prices, and essential goods for production and people’s lives in Vietnam.

More details can be found in Official Telegram 85/ND-TTg issued on September 2, 2024.

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