Taxation sector’s budget revenue reaches more than VND752.6 trillion
Taxation sector fulfils 60 percent of tax collection estimate | |
Nearly 18,000 tax units and individuals awarded | |
The General Department of Taxation responds to information on “collecting tax for durian” |
In the first eight months of the year, total state budget revenue was estimated at VND752,615 billion. Photo: ThuyLinh. |
Revenue was equal to 91.9% compared to the same period in 2019
According to the General Department of Taxation, in the first eight months of 2020, the implementation of packages of solutions to support businesses, organizations and individuals affected by the pandemic, support taxpayers to extend VAT and corporate income tax for groups of industries and businesses heavily affected by the Covid-19 pandemic under Decree No. 41/ND-CP dated April 8, 2020 of the Government, has significantly reduced the budget revenues in the first eight months of the year, especially from April to now.
The report of the General Department of Taxation shows that by the end of the eight months, the total state budget revenue was estimated at VND752,615 billion, equal to 60% of the estimate, as much as 91.9% compared to the same period in 2019.
Ofwhich, revenue from crude oil was estimated at VND25,481 billion (equal to 72.4% of the estimate and 64.4% compared to the same period in 2019). The domestic revenue was estimated at VND727,134 billion (equal to 59.6% of the estimate, as much as 93.3% compared to the same period).
According to the General Department of Taxation, under the impact of revenue reductions from policies and the pandemic, although there was no growth in state budget revenue compared to the same period last year (reaching 91.9%), tax authorities at all levels have implemented synchronous collection management solutions.
In the first eight months of the year, tax offices at all levels made 41,248 inspections; checked 357,323 tax declaration dossiers at the tax agency, from there, proposing to handle VND34,691.5 billion, equal to 121.2% compared to the same period in 2019.Of which, collected through inspection and examination is VND12,051 billion, equal to 154.3% compared to the same period in 2019; loss reduction was VND21,665 billion, equal to 110.5% compared to the same period in 2019. The total tax amount paid to the state budget was VND5,918.1 billion, equal to 117.6% compared to the same period in 2019.
30 tax administrative procedures added to National Public Service Portal
The tax sector has strongly deployed information technology projects in tax collection and payment in order to reform administrative procedures, reduce time and costs and create maximum convenience for businesses. Accordingly, the General Department of Taxation has accelerated the implementation of online tax declaration and tax payment; e-invoices with authentication codes of tax offices; and implemented electronic tax refund.
By the end of August 2020, there were 787,562 enterprises participating in electronic tax declaration services, reaching 99.3% of operating businesses; 777,916 enterprises registered to use electronic tax payment services with tax offices, equal to 98.1%. From January 1 to August 19, 2020, businesses have made more than 2.2 million electronic tax payment transactions with the amount of VND406,887 billion and US$21.7 million.
The Taxation Department has also made efforts to upgrade and standardize data to be compatible with the National Public Service Portal. According to the plan, by 2020, the General Department of Taxation must integrate 93 administrative procedures at level 3 and level 4 into the National Public Service Portal. As of August 19, the tax sector has integrated 120 administrative procedures into the National Public Service Portal, reaching 130% of the plan.
In particular, to celebrate the 75th anniversary of the establishment of the Tax sector and 30 years of tax system consolidation, the General Department of Taxation has cooperated with the Government Office to add 30 tax administrative procedures (phase 3) to the National Public Service Portal.
Up to now, the Government Office has approved 30 tax administrative procedures on the National Public Service Portal, bringing the total number of integrated tax administrative procedures on the National Public Service Portal to 150 administrative procedures, reaching 161% of the plan assigned.
Related News
Khanh Hoa Customs reaches revenue target 1 quarter early
09:29 | 31/10/2024 Customs
3 items have a big impact on the budget revenue of Ho Chi Minh City Customs
19:38 | 02/11/2024 Customs
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%
10:45 | 28/10/2024 Finance
Latest News
Removing legal hurdles in regular spending for capital assets
09:02 | 05/11/2024 Finance
M&A activities show signs of recovery
13:28 | 04/11/2024 Finance
Fiscal policy needs to return to normal state in new period
09:54 | 04/11/2024 Finance
Ensuring national public debt safety in 2024
17:33 | 03/11/2024 Finance
More News
Removing many bottlenecks in regular spending to purchase assets and equipment
07:14 | 03/11/2024 Finance
Continue to handle cross-ownership in banks
10:35 | 02/11/2024 Finance
Striving for average CPI not to exceed 4%
16:41 | 01/11/2024 Finance
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable
16:39 | 01/11/2024 Finance
Removing difficulties in public investment disbursement
09:30 | 31/10/2024 Finance
State-owned commercial banking sector performs optimistic growth, but more capital in need
09:28 | 31/10/2024 Finance
Stipulate implementation of centralized bilateral payments of the State Treasury at banks
09:29 | 29/10/2024 Finance
Rush to finalize draft decree on public asset restructuring
09:28 | 29/10/2024 Finance
Inspection report on gold trading activities being complied: SBV
14:37 | 28/10/2024 Finance
Your care
Removing legal hurdles in regular spending for capital assets
09:02 | 05/11/2024 Finance
M&A activities show signs of recovery
13:28 | 04/11/2024 Finance
Fiscal policy needs to return to normal state in new period
09:54 | 04/11/2024 Finance
Ensuring national public debt safety in 2024
17:33 | 03/11/2024 Finance
Removing many bottlenecks in regular spending to purchase assets and equipment
07:14 | 03/11/2024 Finance