Quảng Ngãi expects $530 million in 2017 budget revenue

Thursday, Feb 09, 2017 17:50

A view of the Dung Quat refinery in the central province of Quang Ngai. The province expects to collect a total of VND12.1 trillion (US$530 million) in State budget revenue this year. — VNA/VNS Photo Huy Hung

The central province of Quang Ngai expects to collect a total of VND12.1 trillion (US$530 million) in State budget revenue this year, the provincial People’s Committee said.

Of the estimate, nearly VND11.5 trillion is forecast to come from domestic tax collections, of which VND6.5 trillion will be contributed by the Dung Quat Oil Refinery Plant located in the province’s Binh Son District.

Budget collection from import-export activities is predicted to reach VND620 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 Hoa Phat 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 Pham Truong Tho 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, Tho said. — VNS

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