Taxation sector fulfils 60 percent of tax collection estimate
The taxation sector has collected over 752.6 trillion VND (32.45 billion USD) for the State budget, equivalent to 60 percent of the yearly estimate and 91.9 percent of the figure of the same period last year, the General Department of Taxation reported.
Workers process lychee for export at a factory of the Vifoco Import Export JSC (Photo: VNA)
Hanoi (VNA) – The taxation sector has collected over 752.6 trillion VND(32.45 billion USD) for the State budget, equivalent to 60 percent of the yearlyestimate and 91.9 percent of the figure of the same period last year, the GeneralDepartment of Taxation reported.
Ofthe amount, about 25.48 trillion VND came from crude oil, 72.4 percent of the estimateand 64.4 percent of the collection in the same period last year. Domesticrevenues topped 727.13 trillion VND, or 59.6 percent of the estimate and 93.3percent compared to the same period last year.
Thedepartment also said total tax debt in the first eight months of this year hadincreased compared to the amount at the end of 2019.
Itattributed the rise to delayed payment of land use fees and land lease, as wellas the government’s policy to reschedule tax payment for enterprises hit by theCOVID-19 pandemic.
Anotherreason is that many tax payers have encountered difficulties in business and productionactivities under the impact of the pandemic./.
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.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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Workers process lychee for export at a factory of the Vifoco Import Export JSC (Photo: VNA) 
