Revenue of the Tax sector reached 24.5% of the 2018 estimate
In March, total revenue of the Tax sector was estimated at VND 82,632 billion. Photo: T.L |
According to the latest report from the General Department of Taxation, in March, total State revenue collected by the Tax sector was estimated at VND 82,632 billion. Thus, the accumulation in the first 3 months, the General Department of Taxation collected more than VND 262 trillion. This revenue reached 24.5% of the estimate and increased 6% compared to the the same period last year.
Of which, revenue from crude oil was estimated at over VND 13 trillion (equivalent to 36.9% of the estimate). According to the General Department of Taxation, revenue from crude oil increased by 13.9% compared to the same period thanks to the paid price which was quite high compared to the estimate and highly increased over the same period. At the same time, domestic revenue was estimated at over VND 249 trillion (equivalent to 24.1% of estimate and up 5.6% over the same period). The revenue excluding land use fees, lottery, dividends, the profit difference was estimated at VND 206 trillion (equaling 23.8% of the estimate and increasing by 9.4% compared to the same period in 2017).
According to the report, as of the end of the first quarter, 14 of 17 revenues and taxes collected by Tax sector reached good growth compared to the same period in 2017.
In addition, the accumulation in the first 3 months of 2018, the Central budget revenue was estimated at VND 115.5 trillion (equivalent to 22.9% of the estimate, increasing by 8.9% compared to the same period in 2017); the Local budget revenue was estimated at over VND 147 trillion (equivalent to 26% of the estimate, increasing by 3.7% compared to the same period in 2017).
In 2018, the Tax sector aims to increase state budget revenue by 3% compared to the estimates VCN- On the basis of over-completing and marking the state budget's record of over 1 trillion VND ... |
In order to achieve these results, in the first 3 months of 2018, the General Department of Taxation has instructed and guided Tax Departments to deploy the 2018 estimate with an active and strict spirit to reach the desired target. Along with that, the Tax sector has accelerated the upgrading and improvement of the Tax management system to handle obstacles on regulations related to tax declaration and payment and tax accounting. At the same time, upgrading the portal to expand the provision of the e-services for Taxpayers.
In the first quarter of 2018, the Tax authorities at all levels have regularly updated policies and administrative procedures and all Tax operations on the mass media to provide and guide Tax payers in a timely fashion. The Tax sector has given priority to support and handle all difficulties and obstacles in the compliance of tax policies and business production of enterprises and business households, especially the implementation of tax finalization 2017.
Related News
Binh Dinh Customs: Set a goal to upgrade administrative reform
09:59 | 16/05/2024 Customs
Hai Phong Customs collects more than VND6,200 billion in April
10:08 | 11/05/2024 Customs
Closely follow the situation, research and propose many solutions about taxes and fees to support the economy
08:16 | 12/05/2024 Finance
Post-Customs Clearance Audit Department contributes 90% of entire customs sector’s revenue
08:15 | 12/05/2024 Customs
Latest News
After six consecutive increase years, tax revenue from real estate transfer plunges
08:49 | 19/05/2024 Finance
Improve processes and enhance experience to rebuild trust in life insurance
20:25 | 17/05/2024 Finance
PM chairs meeting on fiscal, monetary policy management
20:20 | 17/05/2024 Finance
Many tax management solutions for e-commerce
10:01 | 16/05/2024 Finance
More News
Completely resolve problems and accelerate public investment disbursement
14:41 | 15/05/2024 Finance
Tax, land rent payment deadlines to be extended this year
14:21 | 15/05/2024 Finance
Tax compliance management in the digital economy
11:32 | 15/05/2024 Finance
Hai Phong: Budget revenue reached more than VND40,000 billion
13:57 | 14/05/2024 Finance
Price adjustment should be in implemented in appropriate time to control inflation
13:56 | 14/05/2024 Finance
Fiscal policy is expanded and flexible to promote economic growth 2024
13:28 | 13/05/2024 Finance
Prevent corruption and group interests in developing financial laws
10:07 | 11/05/2024 Finance
"Creativity in revenue collection to achieve set goals in difficult contexts"
14:55 | 10/05/2024 Finance
Strive to effectively implement Global Minimum Tax in Vietnam
10:22 | 10/05/2024 Finance
Your care
After six consecutive increase years, tax revenue from real estate transfer plunges
08:49 | 19/05/2024 Finance
Improve processes and enhance experience to rebuild trust in life insurance
20:25 | 17/05/2024 Finance
PM chairs meeting on fiscal, monetary policy management
20:20 | 17/05/2024 Finance
Many tax management solutions for e-commerce
10:01 | 16/05/2024 Finance
Completely resolve problems and accelerate public investment disbursement
14:41 | 15/05/2024 Finance