TAX MANAGEMENT IN FDI ENTERPRISES, IMPORT-EXPORT TAX STRENGTHENED


Haiphong People’s Committee has held a meeting among task groups to urge and prevent tax arrears in FDI enterprises, basic construction tax, import-export tax. Vice Chairman of Haiphong People’s Committee Nguyen Van Thanh presided over the conference.

This year, large-scaled enterprises in and outside the country continued to select Haiphong to invest in projects. Investment capital attraction under the format of foreign direct investment in the city area over the past 10 years reached more than USD 1,152 million. The number of valid FDI enterprises is 596 enterprises with the valid investment capital of more than USD 17,623 million. In 10 years of 2019, the total domestic budget collection among FDI enterprises fetched VND 3,983 billion. This area gained higher growth than stated-owned enterprises and local enterprises.

This year, there are 190 investment projects operating in the industrial parks and economic zones as Dinh Vu, Nam Dinh Vu, Trang Due. VSIP is the especially-difficult economic zone benefiting export tax incentives and exemption of business income tax. At present, 137 processing export enterprises having high revenue do not have to declare the added value tax.

In regards to collection of import-export tax, by the end of November 11, the import-export tax collection reached VND 647 billion. Inspection and supervision has been strictly carried out.

In his concluding remarks, Vice Chairman of Haiphong People’s Committee Nguyen Van Thanh acknowledged that the task force has effectively operated. He asked the Department of Construction, Haiphong Economic Zone Authority, Haiphong Department of Investment and Planning, Haiphong Department of Customs to collaborate with the Tax Department and Department of Industry and Trade to beef up inspection over the prevention of tax losses, commercial frauds in import-export./.