PIT revenue reaches 74.5% of estimate

	Many units still "sluggish" to allocate public investment capital
	536.6 million e-invoices issued
	There has been no loss of tax revenue from donated and gifted cars

PIT revenue from business households in the first six months of 2022 is estimated at VND 7,648 billion. Photo: Internet.

According to the General Department of Taxation, from January to June, 2022, the tax sector collected more than VND88billion of PIT, or 74.5% of the estimate (VND118,075 billion), up 25% year-on-year. Along with that, the tax revenue from business households in the first half of the year reached VND7,648 billion, or 74% compared to the same period in 2021 (VND10,334 billion).

According to the General Department of Taxation, in the past six months, the Tax Administration Department on small and medium enterprises and business households, individuals worked with the Information Technology Department and the Electronic Invoice Management Center to launch e-invoices nationwide. So far, the tax sector has completed the all tasks assigned by the Government and the Ministry of Finance; accordingly, 100% of taxpayers have implemented electronic invoices.

In addition, the tax sector has also effectively implemented electronic tax declaration and tax payment for house renters, electronic registration fee declaration and payment for cars and motorbikes; electronic payment of land-related revenues; and electronic tax payment for individuals with income from salaries and wages.

Between January and June, motivated by the eTax Mobile application, as of June 30, 2022, there were 74,250 people using the application, 61,417 people registering accounts and 7,642 successful tax payment transactions, equivalent to more than VND27.5 billion.

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Notably, the tax sector has also completed the legal basis for e-commerce activities. As a result, the revenue from contractor tax for cross-border goods and services declared and paid by organizations in Vietnam on behalf foreign organizations from 2018 until now reached VND5,432 billion (as of June 29, 2022) ), the average collection rate is 130%, the average revenue is about VND1,200 billion/year. The Tax Administration Department on small and medium enterprises and business households, individuals issued 10 decisions on inspection of domestic enterprises related to e-commerce activities.