(kontumtv.vn) – At the regular press conference for the third quarter of 2024 held on the morning of September 27, Deputy Minister of Finance Nguyen Duc Chi said: Accumulated state budget revenue as of September 15 reached 1,380.7 trillion VND, equal to 81.2% of the estimate, up 19.2% over the same period in 2023. The central budget reached 86.1% of the estimate, and the local budget reached about 76.2% of the estimate.

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Processing seafood for export at Tu Hai Company Limited, Vung Tau City (Ba Ria - Vung Tau). Photo: VNA

Also up to that point, total state budget expenditure is estimated at VND1,160.2 trillion, equal to 54.7% of the estimate. “It was thought that this year, budget collection would be favorable, but the recent storm No. 3 caused severe damage to many northern provinces and cities, greatly affecting economic development, socio-economic tasks and other financial targets. Up to this point, state budget collection has reached approximately 85% of the estimate, the central budget and local budgets have achieved quite well and the collection progress is quite good,” said Deputy Minister of Finance Nguyen Duc Chi.

It is forecasted that in 2024, the Ministry of Finance will achieve the task of the State budget to ensure revenue sources to implement the spending tasks approved by the National Assembly and serve the unexpected spending tasks. The Finance sector focuses on collecting the correct and sufficient budget revenues, achieving the highest revenue task.

Also at the Press Conference, the Deputy Minister of Finance said that in the upcoming National Assembly session, the Ministry of Finance has more than 10 Projects to submit to the National Assembly, including 2 Laws to be submitted to the National Assembly for consideration and approval, which are the Law on Value Added Tax (amended) and 1 Law amending 7 Laws.

There are 3 Laws that will be submitted to the National Assembly for discussion and comments: Law on Corporate Income Tax, Law on Special Consumption Tax, Law on Management and Investment of State Capital in Enterprises...

Typhoon Yagi Damage Support: Ministry of Finance Proposes to Reduce Land Rents

The Ministry of Finance has completed and sent for comments on the draft Decree regulating the reduction of land rent in 2024. In which, the two expected reduction options are 15% or 30%.

The reduction in land rent is calculated on the land rent payable in 2024 according to the provisions of law. The reduction will not be applied to the outstanding land rent of years prior to 2024 and late payment fees (if any).

In case the land lessee is receiving a reduction in land rent according to regulations or/and deductions for compensation and site clearance according to regulations of law on land rent, the reduction in land rent is calculated on the amount of land rent payable (if any) after being reduced or/and deducted according to regulations of law.

The subjects of application are expected to be organizations, units, enterprises, households and individuals who are being leased land by the State, directly according to the Decision or Contract or Certificate of land use rights, house ownership rights and other assets attached to land of the competent state agency (calculated at the time the land lessee submits the application for land rent reduction according to regulations) in the form of annual land rent payment (hereinafter referred to as land lessee).

This regulation applies to both cases where the land lessee is not eligible for exemption or reduction of land rent, and cases where the land lessee is receiving a reduction in land rent according to the provisions of the law on land (the Law and documents detailing the Law) and other relevant laws; the competent authority handling the land rent reduction dossier; other relevant agencies, organizations and individuals.

Minh Phuong/Tin Tuc Newspaper