Propose regulations to expand revenue and prevent budget revenue erosion

That is one of the contents on the organization of state budget revenue management (state budget) stated in Circular No. 78/2022/TT-BTC dated December 26, 2022 of the Ministry of Finance on organizing the implementation of estimates. State budget in 2023.

Circular No. 78/2022/TT-BTC of the Ministry of Finance clearly states that in the organization of state budget revenue management , it is necessary to comply with the provisions of Article 55 of the State Budget Law. At the same time, pay attention to organizing the effective implementation of effective tax laws. Research and propose amendments to tax laws and regulations related to expanding the revenue base and preventing revenue erosion.

Ministries, branches and localities focus on directing drastically to strictly implement the Law on Tax Administration, prevent revenue loss, transfer pricing, tax evasion, and trade fraud; Urging tax debt recovery and reducing tax arrears; strictly control value added tax refunds; accelerate the implementation of electronic invoices; Accelerate the progress of equitization and divestment of state capital in enterprises.

At the same time, urge state-owned enterprises to fully pay into the state budget the remaining after-tax profits after setting up funds according to regulations; Direct the representative of the State capital to urge enterprises to promptly pay dividends and profits distributed to the State capital in joint stock companies and limited liability companies with two or more members to the State budget. .

The Tax and Customs authorities continue to reform tax administrative procedures and promote the application of information technology in tax management; Regularly monitor, inspect and control the tax declaration of organizations and individuals according to the provisions of tax law, the declaration of product names, product codes, tax rates, value, quantity… to detect Timely detect cases of incorrect, incomplete declaration and tax fraud.

Along with that, strengthen revenue management and prevent revenue loss, focusing on the areas of revenue from land and minerals; Revenue from projects whose preferential period has expired, revenue from e-commerce business activities, business based on digital platforms…

Circular No. 78/2022/TT-BTC stipulates that ministries, central agencies, and localities fully and promptly implement the Law on Management and Use of Public Assets and documents detailing its implementation. The law; Seriously implement Directive No. 32/CT-TTg dated December 10, 2019 of the Prime Minister on promoting the implementation of the Law on Management and Use of Public Assets and documents detailing the implementation of the Law .

Accordingly, organize the review, inspection, and urge the implementation of plans to rearrange and handle houses and land that have been approved by competent authorities; Rearrange and handle cars, machinery and equipment to ensure standards and norms for using public assets. Strictly comply with auction regulations when selling, transferring, leasing public assets, land allocation, or land lease according to the provisions of law on management and use of public assets and land law.

During the budget management process, there is a case where the investor voluntarily advances compensation and site clearance according to the plan approved by the competent authority but the estimate has been decided by the competent authority. The corresponding compensation and site clearance tasks have not been arranged yet. The People’s Committee, based on the provisions of Point c, Clause 3, Article 52 of the State Budget Law, shall submit to the Standing Committee of the People’s Council at the same level to decide to adjust the budget estimate. localities and report to the People’s Council at the nearest meeting to serve as a basis for accounting state budget revenues and expenditures.

According to Financial Magazine.