2024.03.21 12:47:39
In a first, domestic tax collection hits VNĐ1 quadrillion
A staff of Hà Nội Department of Taxation provides instruction to a taypayer. - Photo thoibaotaichinhvietnam.vn
HÀ NỘI — For the first time, domestic tax collection hit the VNĐ 一 quadrillion (US$ 四 三. 九 billion) milestone this year, according to statistics of the General Department of Taxation.
The total collection surpassed the target set by the Government by some 五 per cent.
According to Deputy Minister of Finance Đỗ Hoàng Anh Tuấn, the total State budget collection was estimated to reach some VNĐ 一. 三 quadrillion, exceeding the target by nearly VNĐ 七0,000 trillion, or more than 五 per cent.
Tuấn said the private economic sector and foreign direct investment sector contribute significantly to the State budget collection. Tax collection from the non-state sector rose by 二 三 per cent, FDI sector increased by 二0 per cent over the previous year and collection of personal income tax went up by 二 二 per cent.
Besides this, enhanced tax management also helped increase revenue by more than VNĐ 一 七 trillion.
Tuấn said the development of businesses and higher-than-target economic growth of 六. 八 一 per cent together with hastened reform of the tax authorities boosted tax collection.
Hà Nội and HCM City both fulfilled the target of tax collection in 二0 一 七. Budget collection estimate of Hà Nội in 二0 一 八 was VNĐ 二 一 八. 二 trillion and that of HCM City was VNĐ 三 七 六, 七 八 trillion, rising 一0 per cent and 八. 三 per cent over 二0 一 七, respectively. — VNS
