Tax sector's budget revenue exceeds 1 million billion VND in the first 7 months of the year

08/04/2024 08:10 Nhat Linh Print article

ANTD.VN - The total accumulated state budget revenue in the first 7 months of 2024 managed by tax authorities is estimated at VND 1,019,702 billion, equal to 68.6% of the estimate and 114.9% over the same period.

Of which, revenue from crude oil is estimated at VND 34,377 billion (equal to 74.7% of the estimate, equal to 97.3% over the same period); Domestic revenue is estimated at VND 985,325 billion (equal to 68.4% of the estimate, equal to 115.7% over the same period); Domestic tax and fee revenue is estimated at VND 762,442 billion (equal to 70.3% of the estimate, equal to 111.2% over the same period).

The General Department of Taxation said that 14/20 revenue items and taxes achieved good results, including some large revenue items such as: Revenue from foreign-invested enterprises; Revenue from non-state economic sectors; Personal income tax; Fees - charges; Land and water surface rental fees; Revenue from lottery activities...

The good budget collection shows that the economy is recovering.

The General Department of Taxation assessed that although the budget revenue in the first 7 months of 2024 was quite good, it mainly focused on corporate income tax revenue, profit margin of production and business enterprises and lottery companies, and revenue and expenditure difference of the State Bank because basically 4/5 periods have been collected so far.

Excluding these three items, domestic revenue managed by tax authorities would only reach 62.3% of the estimate.

Tax authorities assessed the results of the State budget collection in the first 7 months and found that the economy has shown signs of gradual recovery, but the recovery is not yet even and sustainable among revenues, taxes, localities, markets, industries, and fields.

To achieve this result, the Tax sector continues to promote the implementation of review, collection management, anti-loss of state budget revenue, tax inspection and examination, especially focusing on real estate business activities, finance - banking, business on e-commerce platforms...

In addition, strengthen tax management, focus on directing the urgent implementation of support policies and continue to accompany businesses and people to remove difficulties in developing production and business, promoting economic growth.

Notably, in the past 7 months, the Tax sector has implemented tax policies to support people and businesses. Specifically, reducing environmental protection tax rates on gasoline (except ethanol), diesel oil, fuel oil, lubricants, grease, kerosene, and jet fuel according to Resolution No. 42/2023/UBTVQH15 dated December 18, 2023 of the Standing Committee of the National Assembly is estimated to reduce state budget revenue in the first 7 months of 2024 by about VND 19,792 billion.

Reducing land rent in 2023 according to Decision No. 25/2023/QD-TTg of the Prime Minister dated October 3, 2023 (effective from November 20, 2023), is estimated to reduce state budget revenue in the first 7 months of 2024 by about VND 2,372 billion.

At the same time, the value added tax reduction according to Resolution No. 110/2023/QH15 of the National Assembly until June 21, 2024 is VND 87,109 billion.

Tax authorities at all levels also extended the deadline for payment of value-added tax, corporate income tax, personal income tax and land rent in 2024; extended the deadline for payment of special consumption tax on domestically produced or assembled cars, with a total amount estimated at VND32,100 billion by the end of July.

Source: https://www.anninhthudo.vn/thu-ngan-sach-nganh-thue-vuot-1-trieu-ty-dong-trong-7-thang-dau-nam-post585004.antd