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The State revenue in February of 2019 was estimated at VND 74 trillion

Half of taxes and revenues were significant

According to the report from the General Department of Taxation, the revenue in February 2019 was estimated at VND 74 trillion, reaching 6.3% of the ordinance estimate, equaling to 19.3%. Thus, the tax sector’s accumulated revenue in the first two months of 2019 reached VND 213.5 trillion (reaching 18.3% of the ordinance estimate, equaling to 118.7% compared to 2018).

Revenue from crude oil was estimated at VND 8,689 billion (equaling to 19.5% of the estimate); the domestic revenue was estimated at VND 204.8 trillion (equaling to 18.2% of the ordinance estimate). The revenues excluding land use fees, dividends and remaining profits and revenue from lottery were estimated at VND 172 trillion (equaling to 18.1% of the ordinance estimate).

According to the General Department of Taxation, the 2-month budget revenue was significant in both progress and speed due to arising revenue from the difference between revenue and expenditure of State bank in February 2019 of VND 5,918 billion.

9 of 18 revenues and taxes were significant (over 18%) compared to the estimate, in which some large revenues such as revenue from foreign invested enterprises sector was estimated at 18.4%; from non-state industrial and service sector reached 19.8%; from personal income tax reached 18.3% ...

Almost all revenues and taxes were significantly increased compared to the same period in 2018. Only 3 of 8 revenues and taxes that were lower than the same period in 2018, were land rent, agricultural land use tax and house sale tax.

According to statistics, with the result of this state budget revenue, the cumulative central budget revenue in 2 months of 2019 was estimated at VND 96 trillion. The local budget revenue was estimated at VND 117.5 trillion.

Focusing on evaluating central budget revenues

According to the General Department of Taxation, in order to achieve these results, the leaders of the General Department of Taxation and units continuously focused on requesting and performing the budget collection task in accordance with the direction of the Government, the Prime Minister and the Ministry of Finance.

The whole Tax sector has continuously evaluated the state budget collection for the 2 months, focusing on central budget revenues (from crude oil, natural gas, remaining profit and dividends, fees for granting mining rights, central land use fees, fees and charges under the central budget ...).

In the coming time, the Tax sector will continue to monitor the implementation of the budget collection plan, promptly report the results and propose solutions. At the same time, building a local work program to direct and manage the state budget collection in 2019.

The General Department of Taxation will also review all 3-month performance results for a number of central budget revenues and urge to collect the remaining dividends and profits for each enterprise. Revenues such as the revenue from the difference between revenue and expenditure of the bank, from crude oil and natural gas, land use of the Ministry of Defense and central agencies and a number of charges and fees ... shall also be urged.

The General Department of Taxation also requested Tax departments to establish inspection teams according to the assigned inspection plans in 2019. Urging the remittance into the state budget for the tax arrears.

In particular, the Tax authorities will closely monitor and supervise the implementation of debt collection and enforcement, publicize tax debt information of tax debtors announced by the General Department of Taxation. The General Department of Taxation will urge the debt collection tasks assigned to localities; summarize the list of enterprises with irrecoverable tax debts to report to competent agencies for consideration and handling. At the same time, supporting in the development of the National Assembly's Resolution on handling tax debts.