At the workshop "Tax and a healthy financial system for sustainable development" chaired by the Ministry of Finance, the General Department of Taxation and Lao Dong Newspaper organized on the afternoon of December 18, experts stated that tax collection is an important source of revenue for the state budget. Therefore, it is necessary to nurture it to create a sustainable source of revenue for the state budget.
Dr. Le Thi Thuy Van - Deputy Director of the Institute of Financial Policy Strategy, Ministry of Finance - explained that in 2025, the instability of the world economy and politics will strongly affect the sustainable economic development and state budget revenue of our country.
In that context, to create sustainable revenue for the state budget, Ms. Van proposed many solutions in tax management.
According to Ms. Van, it is necessary to effectively implement the Tax laws passed by the National Assembly at the 8th Session and effective from 2025, including the Law on Value Added Tax and the Law on amending and supplementing a number of articles of the Law on Securities, the Law on Accounting, the Law on Independent Auditing, the Law on State Budget, the Law on Management and Use of Public Assets, the Law on Tax Administration, the Law on Personal Income Tax, the Law on National Reserves, and the Law on Handling of Administrative Violations to resolve urgent problems, contributing to removing difficulties in production and business activities. In particular, it is necessary to reduce value added tax for enterprises.
Second, to effectively implement policies, it is necessary to urge the collection of tax arrears, improve the efficiency of tax management for tax collection agencies, prevent fraud, tax evasion, tax losses and arrears, and implement electronic tax management.
In addition, it is necessary to strengthen administrative procedure reform in the fields of tax, customs, etc., continue to promote the application of information technology and electronic invoices, and provide good support for taxpayers.
Regarding the implementation of state budget collection for the tax sector in the past year, Mr. Mai Son - Deputy General Director of the General Department of Taxation (Ministry of Finance) - said that implementing the direction in Resolution 23/2021/QH15 of the National Assembly on the 5-year national financial plan for the period 2021-2025, in which the target of the total state budget revenue plan is 8.3 million billion VND.
By the end of 2024, the total state budget revenue is estimated to reach about 7.2 million billion VND (86.5% of the planned target). With the above progress, if including the 2025 budget estimate assigned by the National Assembly and the Government, the state budget revenue for the 2021-2025 period will reach about 9 million billion VND, ensuring the completion of the set financial and budget plan target.
To achieve this result, Mr. Mai Son assessed, first of all, it is the efforts of all levels of government from central to local levels in building a tax policy system and organizing effective tax collection.
The Tax sector has also resolutely carried out inspection, examination and anti-loss work in areas with large potential such as minerals, petroleum, food and beverage services, accommodation, etc., contributing to increasing state budget revenue, from 2021 to present, by about more than 41 trillion VND.
According to Mr. Mai Son, 2025 is the last year to implement the medium-term financial budget plan for 2021-2025. In order to strive to complete the set goals, the Finance sector will continue to advise the Government and the National Assembly on solutions to proactively, reasonably, flexibly and effectively manage the expansionary fiscal policy with monetary policy and other macroeconomic policies.
At the same time, the Tax sector continues to support businesses, taxpayers as the center, closely following the business situation to clearly understand the current "health" of businesses, promptly advising and proposing support solutions. Thereby, promoting economic growth, creating sustainable revenue for the state budget, and comprehensively completing the goals set by the Finance sector.
