Deputy Prime Minister, Minister of Finance Ho Duc Phoc – Photo: GIA HAN
Deputy Prime Minister, Minister The financial Ho Duc Phoc said so when explaining the opinions of delegates discussing in the hall about the implementation of the state budget in 2024, the state budget estimate, and the central budget allocation plan in 2025.
Many previous delegates’ opinions focused on solutions to increase budget revenue and prevent revenue loss, especially in the field of tax management for purchases and sales on e-commerce platforms.
Deputy Prime Minister Ho Duc Phoc said: “Over the past four years, we have implemented an expansionary fiscal policy of reducing taxes for people and businesses, while increasing budget spending to stimulate the economy.
However, the budget revenue in the past 4 years still exceeded the revenue by nearly 1 million billion VND. This excess revenue was used to build highways, airports, take care of social security and invest in infrastructure…
According to Mr. Phuc, to collect more than 1 million billion, both the tax and customs sectors must completely change the collection method, from manual collection to electronic collection. Therefore, there is the issuance of electronic invoices, lucky invoices, data connection for payment…
In addition, the industries also require invoices for each payment for the entire petrol system, as well as tax collection for cross-border e-commerce activities, domestic e-commerce, single-price real estate tax and other sources of revenue to achieve such results.
“Industries have also changed their views on revenue, such as the issue of income from stocks, previously after allocating shares sold, there was money to collect, now there is income and it must be collected. Increasing revenue like that but at the same time Congress, Goverment has reduced taxes by nearly 800.000 billion for people and businesses. Up to now, in the 5th year of tax reduction, these are effective fiscal policy management solutions.
Talking about preventing tax losses on e-commerce platforms, Mr. Phuc said that cross-border e-commerce platform taxes have been collected and 102 foreign suppliers (IT enterprises) have paid taxes, with an amount of over 18.600 billion VND.
“As for domestic e-commerce platforms, this year (2024) will start collecting, but in the city Ha Noi has collected 35.000 billion, and next week will launch artificial intelligence (AI) tools to control revenue and sales on e-commerce platforms,” Mr. Phoc emphasized.
Speaking earlier, delegate Tran Hoang Ngan (HCMC) suggested that the Government and sectors pay attention to increasing budget revenue and preventing revenue loss in the e-commerce sector.
According to Mr. Ngan: “Recently, the Tax Administration Law has paid attention to this field and I suggest paying more attention to import tax on e-commerce products because when we collect this amount, we will increase investment in digital infrastructure, information technology infrastructure, and Internet infrastructure to make transactions more convenient.”
Encourage ministries, branches and localities to save money on overseas travel and business expenses.
Explaining and clarifying a number of other issues of concern to delegates, Deputy Prime Minister and Minister of Finance Ho Duc Phoc raised the issue of saving expenses, saving regular expenses mainly in economic and urban areas, purchasing, conference expenses and small purchases…
There is almost no savings on salaries and allowances. Meanwhile, the spending norms have been issued by the Government since the beginning of the year.
Mr. Phoc gave an example of the budget allocation rate decreasing according to the staffing levels, stipulating that for less than 100 staffing levels, the allocation rate is 70 million VND/staffing level; for less than 500 staffing levels and over 100 staffing levels, the allocation rate is 65 million VND; for less than 1.000 staffing levels, it is 61 million VND/staffing level and for over 1.000 staffing levels, the allocation rate is 57 million VND.
“In fact, salaries account for 45%, the rest is other expenses. During the term, there is a 10% reduction in regular spending savings from the time the budget is assigned. This is followed by a further 5% reduction in regular spending savings.
In the report to the Government Standing Committee, the Ministry of Finance stated the revenue and expenditure situation of ministries and branches. “The norms were issued at the beginning of the term. However, a series of policies, including salary increases, have not changed the norms,” said Mr. Phoc.
Besides saving regular expenses, the Deputy Prime Minister encouraged ministries, branches and localities to save other expenses such as overseas travel, business expenses, etc.
This year, the Government has proposed to reduce regular spending nationwide by 7.000 billion VND, of which 2.000 billion VND is in the central budget and 5.000 billion VND is in the local budget.
Currently, the Government Standing Committee is directing the saving of public investment expenditure. Previously, in the years 2009-2011, the Government had done this, and now this has been restarted, specifically saving from the estimated norm to the construction norm, saving in preservation, construction, and transportation. This issue will be included in the bidding documents for organizing the bidding.
Tuoitre.vn
Source: https://tuoitre.vn/pho-thu-tuong-ho-duc-phoc-tuan-sau-ra-mat-cong-cu-ai-kiem-soat-doanh-thu-san-thuong-mai-dien-tu-20241105110850375.htm