Positive results in State budget collection

DNVN - According to the General Department of Taxation, the tax sector collected 911.02 trillion VND (38.9 billion USD) of the State budget in the first seven months of this year, an increase of 17.2 percent year over year and 77.5 percent of its yearly estimate.

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The amount collected domestically exceeded 868 trillion VND, or 75.7% of the budget for this year. Meanwhile, as of the end of July, the sector had collected 75.8 percent of its central budget collection goal and 78.9 percent of its local budget collection goal.

Illustrative image.

Illustrative image.

The General Department of Taxation attributed the results to the positive economic growth in the first few months of this year, which it attributed to the recovery of business and production activities in the midst of a pandemic situation that was under control.

Along with drastic measures to strengthen tax management, the sector has implemented solutions to help people and businesses promote business and production, such as the reduction of environmental protection tax on fuels and the elimination of some fees.

The department forecast many difficulties and challenges in budget collection in the time to come. To assist tax payers, it has directed taxation agencies to review income sources and accelerate administrative reform and the digitalization of tax management.


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