State revenue in 8 months increased by about 18%

	HCM City Customs takes measures to increase state revenue
	The State revenue in the first seven months of 2024 reaches 69.8% of estimate

The total revenue in the first eight months of 2024 is estimated at VND1,335.6 trillion. Photo: Internet

According to the Ministry of Finance, the total revenue is estimated at VND101.3 trillion, meeting 6% of the estimate, and 57.5% of the average revenue of the first 7 months of the year.

The domestic revenue is estimated at VND81.3 trillion, meeting 5.6% of the estimate and 54.9% of the average revenue of the first 7 months of the year; revenue from crude oil is estimated at VND5 trillion, reaching 10.9% of the estimate and 101.9% of the monthly average of the first 7 months of the year; revenue from imports and exports is estimated at VND15 trillion, meeting 8.1% of the estimate and 89.2% of the average of the first 7 months.

In the first 8 months of 2024, total accumulated revenue is estimated at VND1,335.6 trillion, meeting 78.5% of the estimate, up 17.8% year-on-year. If excluding implementation of policies of tax exemption, reduction, and extension, land rent, the total revenue increases by 12.4% year-on-year.

The domestic revenue is estimated at VND1,117.2 trillion, meeting 77.3% of the estimate and up 18.9% over the same period in 2023; revenue from crude oil reached VND 39.4 trillion, meeting 85.6% of the estimate and down 2.6% year-on-year; revenue from import-export activities is estimated at VND178.7 trillion, meeting 87.6% of the estimate, up 16.2% year-on-year.

The revenue from land use fee is estimated at VND127.3 trillion, reaching 56.1% of the estimate, up 93.6% year-on-year. Some localities have well implemented land auctions and land allocation for projects since the end of 2023, raising land use fee payments in early 2024.

Revenue from lottery activities is estimated at VND 35.3 trillion, reaching 82.1% of the estimate and up 11.8% year-on-year; revenue from dividends, profits, after-tax profits... reached VND84.5 trillion, meeting 99% of the estimate, up 0.7% year-on-year.

The revenue from recovery of state capital invested in economic organizations is estimated at VND17.7 trillion, meeting 442.8% of the estimate; remaining domestic revenues are estimated at VND852.3 trillion, meeting 78.5% of the estimate and up 13.5% over the same period.

Additionally, revenues from production and business activities are estimated at 75.6% of the estimate, up 10.7% year-on-year. Of which, corporate income tax is estimated at 88.2% of the estimate, up 15% over the same period because enterprises have temporarily paid 4 of 5 tax payment terms; VAT is estimated at 69.9% of the estimate, up 17.3% over the same period; special consumption tax is estimated at 63.7% of the estimate, down 4.9% over the same period.