With tax reduction and policy relaxation; Some key taxpayers reduced revenue such as VinFast Business Co., Ltd; Hai Phong Thermal Power Joint Stock Company, etc. It is estimated that in the second quarter, Hai Phong city's budget revenue will decrease by up to 700 billion VND.

In the first 4 months of 2023, the total budget revenue in Hai Phong city reached 32424.9 billion VND, equivalent to 27.85% of the estimate assigned by the City Council and 90.3% over the same period last year. In which, domestic revenue reached 11134.5 billion VND, equivalent to 26.2% of the estimate assigned by the City People's Council and equals to 84.62% over the same period last year; Import-export tax revenue was estimated at 19991.2 billion VND, equaling 28.6% of the City Council's prediction and equaling 92.75% over the same period last year, according to Hai Phong Security newspaper.

For the tax industry, Director of Hai Phong Tax Department Ha Van Truong said that only in the first quarter, Hai Phong's domestic tax revenue decreased by 1.385 billion VND compared to the first quarter of 2022. The reason is that in 2022 there was a land fee of 1,050 billion VND for the project of Doi Rong International Tourist Area and 400 billion VND from the project at No. 4 Tran Phu which is unavailable this year. In addition, a number of key taxpayers also decreased, such as VinFast Business Co., Ltd which led to the amount of tax paid fell very deeply. In January, paid special consumption tax was 146 billion VND, but in February it was only 16 billion VND; the whole quarter, revenue decreased by more than 600 billion VND. Hai Phong Thermal Power Joint Stock Company reduced its revenue by more than 62 billion dong due to the increase in the price of raw materials.

In addition, the land rent in the first quarter only reached VND 1033.2 billion, equal to 20% of the central prediction, 7.9% of the estimate assigned by the City Council. Realized land rent is 99.03 billion VND, equal to 14% of the estimate assigned by the Central, 4.5% of the estimate of the City People's Council, equal to 6.1% over the same period last year. Some districts have an income rate of less than 20%, such as Kien An, Do Son, Thuy Nguyen, Hai An, and An Duong.

As for the customs sector, Director of Hai Phong Customs Department Nguyen Duy Ngoc said that the reason for the decrease in import and export taxes in the area is due to the decrease in the volume of goods passing through the port; import-export turnover decreased (import turnover decreased by 7.9%; export turnover decreased by 21.13%).

Mr. Ha Van Truong said that in the second quarter, there will continue to be new tax policies to reduce and extend the environmental protection tax; VAT for businesses… Meanwhile, personal income tax and some other revenues of VinFast do not exist. Director of Tax Department Ha Van Truong estimated that the revenue loss in the second quarter will be about 700 billion VND.

Source: Taichinhdoanhnghiep