Ninh Binh sees positive signs in state budget collection

Budget revenue from 12 out of 15 receipts and taxes rises

According to the provincial Department of Tax, total state budget revenue in Ninh Binh in the first six months of this year reached over 10.55 trillion VND (416 million USD).

Of the total, 5.31 trillion VND came from domestic fees, making up 47.2% of the estimate set by the provincial People's Council and 92% of the figure in the same period last year; 1.46 trillion VND from land use fees, equivalent to 39.5% of the estimate and a 7.2-fold rise from the same period last year; 1.5 trillion VND from export-import activities, equivalent to 41.5% of the estimate and up 1.6% compared to the figure in the same period last year.

Ten out of 15 receipts and taxes achieved a relatively high level of collection (above 50%) while five others had lower revenue.

Budget revenue of some receipts and taxes achieved a year-on-year rise, including tax from centrally-run businesses; environmental protection tax, natural resource mining, and water resource exploitation.

Moreover, state budget collection from land use rights also enjoyed high growth thanks to the recovery of the real estate market in some cities and districts after a long time of freezing.

A representative of the Department of Tax said the outcomes were attributed to the recovery of production and business of local enterprises. 

In addition, the department has promptly supported and resolved difficulties and hindrances for firms so as to create favourable conditions for tax payers and spur production and business activities.

Striving to fulfill state budget revenue estimate at highest level

According to the representative of the Department of Tax, apart from the recorded results, Ninh Binh still faces numerous difficulties and hindrances in collecting budget.

Some non-state firms have downscaled their production while the reduction and exemption of taxes, fees, and land and water surface lease charges have affected the budget collection.

In order to fulfill the 2024 state budget collection the target, the department would focus all resources and take drastic measures to collect tax arrears and prevent budget losses.

It will also enhance the management of taxes; step up the communication work; assist tax payers, remove difficulties and create favourable conditions for local enterprises to boost production and business, especially for those making high contributions to the state budget.

Translated by Nguyen Thuy