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Quảng Ngãi expects $530 million in 2017 budget revenue

Update: February, 11/2017 - 14:00
A view of the Dung Quất refinery in the central province of Quảng Ngãi. The province expects to collect a total of VNĐ12.1 trillion (US$530 million) in State budget revenue this year. — VNA/VNS Photo Huy Hùng
Viet Nam News

HÀ NỘI — The central province of Quảng Ngãi expects to collect a total of VNĐ12.1 trillion (US$530 million) in State budget revenue this year, the People’s Committee said.

Of the estimate, nearly VNĐ11.5 trillion is forecast to come from domestic tax collections, of which VNĐ6.5 trillion will be contributed by the Dung Quất Oil Refinery Plant located in the province’s Bình Sơn District.

Budget collection from import-export activities is predicted to reach VNĐ620 billion.

According to leaders of the provincial departments of Finance and Taxation, the provincial State budget collection in 2017 could surpass the annual target due to advantageous conditions, as there are currently plenty of large projects operating in the province, including a pulp and paper factory project run by the VNT 19 Pulp Paper JSC and a steel mill invested by the Hòa Phát Group.

Newly-formulated government policies also facilitate the budget collection, such as Circular No 326/2016/TT-BTC, issued by the Ministry of Finance, regulating the implementation of the State budget estimate in 2017, which came into effect on January 1, 2017.

Chairman of the provincial People’s Committee Phạm Trường Thọ asked the provincial authorities at all levels to take prompt measures to collect revenues for the State budget right from the beginning of the year, examine and implement tax registration and declaration of enterprises and households, as well as strengthen the application of information technology in tax declaration and payment.

As much as 100 per cent of provincial custom declaration services must be carried out online and 95 per cent of tax declarations have to be conducted online in 2017, Thọ said. — VNS




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