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Official Gazette

Tuesday, June 6, 2023

Budget revenues from taxes up 16.7 percent in two months

Updated: 09:00’ - 03/03/2023
The tax sector collected an estimated VND 325.78 trillion (USD 13.73 billion) for the State budget in the first two months of 2023, a year-on-year rise of 16.7 percent, and equivalent to 23.7 percent of the yearly estimate, the General Department of Taxation has reported.
Of the total, domestic collection was nearly VND 315 trillion, equivalent to 23.7 percent of its estimate for the year, and up 16.8 percent compared to the same period last year.

Illustrative image__Photo: VNA
Thirty-six out of the country's 63 provinces and centrally-run cities have completed over 18 percent of their yearly estimates.
So far this year, nearly 3,600 tax inspections have been performed, reaching 4.49 percent of the plan set for 2023.
For e-commerce tax management, as of February 17, 46 foreign suppliers have registered, declared, and paid taxes through the portal for foreign suppliers.
This year, the tax sector is set to collect over VND 1.37 quadrillion for the state budget.
It has synchronously and drastically implemented solutions to strengthen tax revenue management and prevent tax losses, while accelerating administrative reform to create favorable conditions for businesses and taxpayers. It has also vigorously speeded up information technology applications, and enhanced inspection and dialogue with taxpayers.- (VNA/VLLF)

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