Hanoi aims to collect over VND218 trillion for State budget in 2018

Monday, 2018-01-01 14:30:18
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NDO/VNA – Hanoi aims to collect VND218.27 trillion (US$9.6 billion) for the State budget in 2018, a rise of 20% against the previous year, according to the Hanoi Taxation Department.

Nguyen The Manh, deputy head of the General Department of Taxation and Director of the Hanoi Taxation Department, said to achieve the 2018 target, the municipal Taxation Department has rolled out five groups of solutions, focusing on administrative reform and tax management modernisation.

In addition, efforts will be channeled into communication work, the removal of difficulties facing businesses and inspection activities to prevent losses and settle tax debts, he said.

Chairman of the municipal People’s Committee Nguyen Duc Chung has asked the taxation sector to cut the time of filing tax and facilitate tax payment for businesses.

As of 12am on December 31, 2017, the Hanoi Taxation Department collected over VND190.85 trillion (US$8.4 billion), completing 101.7% of the yearly estimate and up 17% year-on-year.