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Customs calls for easier credit

Update: December, 07/2012 - 10:15

HA NOI (VNS)— The General Department of Customs proposed the Government continue creating advantageous conditions for enterprises to access credit sources as a measure to ensure budget estimates this year.

Export policies should be loosened and measures to stimulate investment and consumption and speed up inventory clearance should be implemented, which would help increase import-export turnover.

In order to remove difficulties for enterprises, the customs department also proposed the Government allow enterprises to pay taxes in instalments, ensuring the recovery of tax debts.

Even if they paid taxes in instalments, enterprises would still have to pay interest on late payments.

According to the department's statistics, customs revenue reached VND159.612 trillion (US$7.6 billion) in the first ten months of this year, equal to 71.3 per cent of the 2012 estimate.

Nearly 64.4 per cent of the figure was value added tax collection and the rest was from import and export, special consumption taxes and other sources.

The department estimated the collection of the 11-month period at VND178.612 trillion ($8.505 billion), 9.4 per cent lower than the same period last year.

The customs sector was assigned to collect VND223.900 trillion ($10.662 billion) for the State budget this year: 64 per cent from value added tax and the rest from import-export and special consumption taxes. — VNS

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