More than 3,000 business households in Ha Noi dissolved or suspended due to Covid-19

Friday, Mar 13, 2020 15:29

An employee of the Ha Noi Tax Department accepts an application from a resident. — VNA/VNS Photo Hoang Hung

More than 3,000 business households were dissolved or suspended their operations in Ha Noi in the first two months of this year due to the impact of the COVID-19 pandemic.

Information from the Ha Noi Tax Department said that over 1,080 business households were dissolved, and 2,351 households temporarily suspended operations in January and February.

Specifically, there were 13,826 business households generating invoices in January, up 3 per cent over the same period last year, with turnover increasing 5 per cent and tax payment up 4.9 per cent.

However, there were only 4,281 business households generating invoices last month, a decrease of 57.4 per cent compared to the same period last year, resulting in a decrease of 53.1 per cent in turnover and 50.7 per cent in tax payment.

The reduction is concentrated in the group of accommodation, food and drink and goods trading related to the Chinese market or originated from China.

Assessing the impact of COVID-19 on State budget revenues this year, the tax department said that it managed more than 169,400 taxpayers by the end of last month.

The total revenue from sales of goods and services of large enterprises and economic organisations decreased by six per cent over the same period. The arising value-added tax decreased by 10.5 per cent.

To overcome the impacts of COVID-19 on revenue collection, the tax department has proposed a number of solutions such as following the directions of the Government, the Prime Minister, the Ministry of Finance and the city in implementing measures to remove difficulties and support taxpayers to cope with the impact of COVID-19.

The department will also well implement administrative reform and electronic tax projects. — VNS

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