General Department Of Taxation: Urgently complete the remaining inspections and tests from 2021

DNHN - Cao Anh Tuan, Director of the General Department of Taxation, urged that local tax departments expeditiously finish the remaining audits and inspections from 2021 to transition to and carry out inspections and inspections under the 2022 plan.

Authorized and manage the inspection's execution, including thematic inspections of value-added tax refunds for high-risk businesses.

Director-General Cao Anh Tuan requested at the first quarter of the 2022 briefing meeting that tax departments expeditiously finish the remaining inspections and audits from 2021 and conduct inspections and inspections following the plan.

The 2022 plan, which has been authorized, arranges the inspection and examination process around the theme of a VAT refund for high-risk firms.

According to the General Department of Taxation, overall state budget income controlled by tax authorities was projected at VND 389,320 billion in the first quarter of 2022, representing 33.1 per cent of the ordinance estimate and 105.3 per cent more than at the same time last year.

Notably, compared to the same period last year, there were 11/19 revenues in the first quarter of 2022, with the following tax rates and growth rates: personal income tax is expected to increase by 20.6 per cent; land rental and land use fees are expected to increase by 26.9 per cent and 21.1per cent, respectively.

According to the General Department of Taxation, budget income has increased as the epidemic situation in the nation continues to be handled and production and economic operations recover.

When comparing the first three months of 2022 to the first three months of last year, the number of new and returning businesses rose by 36.7per cent. The total amount of registered capital in the economy rose by 21%, and the amount of capital added to businesses rose by 34.5 percent.

The service sector prospered in the first quarter of 2022 when many service activities resumed activity and expanded in comparison to the same period last year, including financial, banking, and insurance activities, which increased by 9.75 per cent; transportation and warehousing activities, which increased by 7.06 per cent; wholesale and retail activities, which increased by 2.98 percent.

Regarding the key solutions to be implemented in the coming years, Director General of the General Department of Taxation, Cao Anh Tuan, directed the units to continue to thoroughly review and comprehend each revenue source and tax in detail each month and each in the region, to closely assess and forecast the revenue developments and situation, advising the General Department of Taxation's leaders on appropriate budget management plans, particularly in the context.

In addition, ask that local tax departments finish their audits and inspections from 2021 as quickly as possible.

They should also follow the approved inspection plan for 2022, including thematic inspections of value-added tax refunds for high-risk businesses.

Bao Ngan