Total tax collection in 2020 is estimated at over 1.26 quadrillion VND (54.37 billion USD), equivalent to 100.6 percent of the estimate, Deputy Director of the General Department of Taxation Dang Ngoc Minh said on December 31.
Total tax collection in 2020 is estimated at over 1.26 quadrillion VND (54.37 billion USD). (Photo: VNA)
Hanoi (VNA) – Total tax collection in 2020 is estimated at over1.26 quadrillion VND (54.37 billion USD), equivalent to 100.6 percent of theestimate, Deputy Director of the General Department of Taxation Dang Ngoc Minhsaid on December 31.
Of the figure, some 1.22 quadrillion VND was domestic revenue, exceeding theestimate by 7 percent.
Minh said the taxation sector worked to evaluate the impacts of disasters and epidemicson state budget collection, and recommended the Government pen suitablemeasures to fulfill the set targets.
The general department ordered taxation organisations to carry out uniformstate budget management measures as well as enhance administrative procedure reformwith a view to forming a fair business environment and increasing sources ofrevenue to the State.
Minh stressed the sector will enhance examination and inspection to prevent taxloss and evasion, and strive to reduce tax debt rate to under 5 percent of thetotal state budget revenue in 2021.
Additionally, due attention will be given to improving performance of taxofficers so as to prevent corruption, he added./.
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Total tax collection in 2020 is estimated at over 1.26 quadrillion VND (54.37 billion USD). (Photo: VNA) 
