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Strengthening the value inspection for major imported goods at the end of the year

In order to successfully fulfill the task of revenue collection in 2018, the General Department of Vietnam Customs has requested units to actively implement their tasks and provide solutions to improve business environment and facilitate enterprises engaged in import and export activities, promptly handle arising problems under their competency relating to Customs procedures, tax policies, tax administration, accounting mechanism, tax refund, tax exemption and remove shortcomings and support enterprises in tax payment.

Also, continuously reforming and simplifying Customs procedures, promoting customs modernization, applying information technology in the fields of management, supervision of imported and exported goods, export and import duty, procedure reform…

Strengthening review, stabilizing revenues, studying, proposing and deploying solutions to increase revenue. Regularly reporting on the revenue collection in the last months of the year.

Specifically, strengthening the value inspection for categories with high tax rate, high turnover, and focusing on inspecting categories that will be importing in large volumes in the last months of the year such items as liquor, beer and confectionery. At the same time, reviewing to amend and supplement the list on risk management on reference price as a basis for comparing and checking the declared value. Identifying suspicious signs for price ruling in Customs process to promptly handle and impose tax for cases of false price declaration. Strengthening the inspection and internal inspection to detect in a timely fashion errors in price inspection.

Intensifying the checking of goods’ names, codes, tax rate at Customs clearance and post clearance audit to promptly detect and handle cases of false declaration or unspecific declaration that are to be applied low tax rates.

Reviewing the Tax exemption, reduction, refund and non-Tax collection in accordance with regulations of the law. Detecting mistakes and violations of Tax exemption, reduction, and refund, in which focusing on inspecting projects and cases eligible for tax preferences which are different between the Law on Export and Import Duty No.45/2005/QH11 and the Law on Import and Export Duty No. 107/2016 / QH13.

Focusing on reviewing and grasping the tax debts at attached branches; classifying debt groups of receivable debts, irrecoverable debts. Each debt group shall be evaluated in detailed accordance with each declaration and each debtor.

Boosting the post-clearance audit, specialized inspection, in which, focusing on items with high value, high tax rate and goods importing from suspected markets; Goods that are declared with lower price than the data; goods that are declared with special preferential tax rates, and goods that are declared subject to tax exemption and tax refund; Goods declared falsely to the regime, and then requesting a tax refund.

The desired target assigned by Ministry of Finance to the General Department of Vietnam Customs is VND 293,000 billion. As of 26th November 2018, total revenue of the Customs reached VND 279,126 billion, accounting for 98.6% of the estimate, equaling 98.6% of the estimate, accounting for 95.3% of the desired target, up 7.87% over the same period in 2017.

Source: Customs News