Bắc Ninh
Bac Giang’s import-export tax revenue surges over 32%
BAC GIANG - By the end of the first quarter of this year, the Customs Branch of Region V collected more than 636 billion VND (27.6 million USD) in import and export taxes from 462 enterprises operating in Bac Giang province — an increase of over 32% compared to the same period last year. This figure represents more than 27% of the annual target.
Several businesses contributed significantly to this result, including Yadea Vietnam Electric Motorcycle Co., Ltd (Quang Chau Industrial Park); Seojin Vietnam Co., Ltd. (Song Khe - Noi Hoang Industrial Park), which paid more than 6 billion VND and SeoJong Wise Vina Co., Ltd. (Van Trung Industrial Park), which contributed nearly 4 billion VND.
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This strong performance is attributed to the Customs Branch’s proactive approach early this year as it directed the staff to focus on expediting customs clearance procedures for import and export enterprises.
The agency processed nearly 160,000 customs declaration sheets, enhanced the monitoring and management of imported and exported goods, promoted electronic tax payment and ensured the smooth operation of its automated clearance systems and online public services to support businesses in fulfilling their tax and customs obligations.
According to the MoF, this is an extension policy, not a tax exemption or reduction.
In a significant move to support businesses during challenging times, the Vietnamese government has extended and enhanced various tax relief programmes for 2025, with reductions and deferral measures aimed at stimulating economic growth.
A total of 120 foreign suppliers have registered, declared, and paid taxes worth more than VND8.68 trillion (US$340.6 million) through the General Department of Taxation’s e-portal this year.
The National Assembly (NA) Standing Committee has issued a resolution on Vietnam’s environmental protection tax rates for petrol, oil, and lubricants in 2025, keeping in effect a tax cut introduced to support the economy post pandemic.
BAC GIANG- Launching e-invoices generated from cash registers with tax codes of tax authorities is a breakthrough in budget revenue management. This is one of the effective solutions for tax authorities to properly control transactions of retail businesses.
E-commerce and digital platforms with payment functions will have to declare and pay taxes on behalf of sellers being business households and individuals from April 1, 2025.
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