Accordingly, the provincial Taxation Department (PTD) will strictly supervise the budget collection progress; assess and analyze in detail each locality, region and tax; define the potential sources of collection, fields, taxes so as to timely use effective management method, enhance the collection management, accelerate the measure to prevent any loss of budget collection.

The product finish line at Bac Giang LGG Garment Corporation Joint Stock Company.

The PTD enhances to supervise the tax declaration control over the tax payer; ensure to manage all organizations and individuals with production and business activities in the province while timely handling any violated case.

Particularly, the PTD will expedite the districts and city to boost up the schedule of land use auction and early handle the obstacle of land use debt; thoroughly manage the debt collection and tax debt enforcement; enhance the effectiveness of tax inspection and check, control the activities of construction, erection and frequent property business outside the province in the area; accelerate the administrative reform, simplify the taxation administrative procedure to facilitate the tax payer.

About 700,000 firms to benefit from cut in corporate income tax

About 700,000 enterprises are expected to enjoy a cut in corporate income tax (CIT) to between 15-17 percent from July 1 this year, down from the current rate of 20 percent.

RoK to offer 5% preferential import tax on over 55,000 tonnes of Vietnamese rice

The Republic of Korea (RoK) is expected to import 50% of its total quota of 55,112 tonnes of rice from Vietnam in the tender scheduled this May with a preferential import tax rate of 5%.

Bac Giang supports electronic tax balance

(BGO) - In order to create favorable conditions for businesses to make corporate income tax balance sheets for 2019, Bac Giang province’s tax sector has stepped up the application of electronic payment methods, helping businesses fulfill financial obligations quickly and manage the collection and payment of taxes effectively.

Prime Minister urges tax sector to continue with reforms

Prime Minister Nguyen Xuan Phuc has commended the tax sector for doing a good job in reshuffling its apparatus, and urged the sector to continue with reforms for tax procedures.

78 percent of enterprises satisfied with tax administrative reform

About 78 percent of surveyed enterprises showed their satisfaction with tax administrative reforms in 2019, up 3 percent compared to 2016.

Minh Linh