First-quarter tax revenue surpasses $19.7 billion

Domestic collections surpassed 411.4 trillion VND, representing 30.9% of its annual forecast and a 5.3% increase compared to the same period last year. 28 of the nation's 63 provinces and centrally-run cities have completed more than 28% of their annual goals.

The General Department of Taxation reported receiving and processing 3,3 billion electronic invoices, 860 million with codes and 2.5 billion without codes.

First-quarter tax revenue surpasses $19.7 billion.

Over 10,000 businesses, business households, and individuals have successfully registered to use e-invoices generated from cash registers as of March 24.

Through the portal for foreign suppliers, 49 foreign suppliers have registered, made tax declarations, and paid taxes for e-commerce tax management. In the meantime, 285 e-commerce platform owners have provided their information via the portal. The tax sector is expected to collect over 1.37 quadrillion VND for the state budget this year.

It has simultaneously and aggressively implemented solutions to strengthen tax revenue management and prevent tax losses, as well as accelerated administrative reform to create favourable conditions for businesses and taxpayers. It has also accelerated the application of information technology and increased taxpayer inspections and dialogues./.