Total state budget collection in the first five months of 2024 was estimated to reach 898.4 trillion VND (35.2 billion USD), equivalent to 52.8% of the yearly estimate, representing a year-on-year rise of almost 15%, according to the Ministry of Finance (MoF).
As of the end of July, the tax sector collected a total of 25.608 trillion VND (1.06 billion USD) in tax arrears, reported the General Department of Taxation.
Tax procedures posted the highest score among nine groups of key administrative procedures rated by the report Administrative Procedure Cost Index 2022 (APCI 2022).
The tax sector collected an estimated 462.92 trillion VND (19.71 billion USD) for the State budget in the first quarter of 2023, equivalent to 31.1% of the yearly estimate, the General Department of Taxation reported on April 3.
The tax sector collected an estimated 325.78 trillion VND (13.73 billion USD) for the State budget in the first two months of 2023, a year-on-year rise of 16.7%, and equivalent to 23.7% of the yearly estimate, the General Department of Taxation has reported.
The General Department of Taxation (GDT) on December 15 officially operated its e-commerce information portal and launched electronic invoices from cash register.
The tax sector collected 911.02 trillion VND (38.9 billion USD) of State budget in the first seven months of this year, a year-on-year rise of 17.2%, and equivalent to 77.5% of its yearly estimate, according to the General Department of Taxation.
Nearly 1.279 quadrillion VND (55.3 billion USD) in taxes was collected for the State budget in 2020, almost 24.35 trillion VND, or 1.9 percent, higher than the annual target and 175.85 trillion VND more than the estimate reported to the National Assembly (NA).
The General Department of Taxation (GDT) reported on August 18 that it has completed the integration of additional 27 administrative procedures into the national public service portal, lifting the total number of online public services provided through the portal to 120.
The tax sector’s state budget revenue was estimated at nearly 500 trillion VND (21.73 billion USD) in the first five months of this year, equal to 97.6 percent of the figure of the same period last year.
Prime Minister Nguyen Xuan Phuc has commended the tax sector for doing a good job in reshuffling its apparatus, and urged the sector to continue with reform of tax procedures.
Minster of Finance Dinh Tien Dung on January 13 asked for greater efforts from the tax sector to well implement the budget collection plan for 2020 assigned by the National Assembly and the Government.
The state audit sector plays an important role in tax administration, helping strengthen the national financial system, heard a workshop held by the State Audit Office (SAV) and the UK-based Association of Chartered Certified Accountants (ACCA) in Hanoi on May 9.
The tax sector has made efforts to reform its procedures but has yet to meet requirements for intensive integration, heard a conference seeking to improve the business environment through tax reform.
The tax sector will focus on creating a decree to prevent tax losses and transfer pricing in the second half of the year, said Do Hoang Anh Tuan, Deputy Minister of Finance.
The General Department of Taxation (GDT) officially signed agreements on August 14 with 15 domestic and foreign banks to allow electronic tax payment services.
