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Thursday, June 20, 2024

Taxman collects VND427 trillion for State budget in Q1

By T.Dao

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HCMC – The total budget revenue collected by tax agencies reached nearly VND427 trillion in the first quarter of this year, up 4.6% year-on-year and accounting for over 31% of the year’s estimate, according to the General Department of Taxation.

Of the total, revenue from domestic sources is estimated at over VND411 trillion, up 5.3% compared to the same period last year, while the balance came from import-export operations.

Twenty-eight among the country’s 63 centrally-governed provinces and cities recorded revenue collections exceeding 28% of the estimate while 14 provinces saw their budget revenue reaching 25-28% of the estimate.

However, 21 other localities failed to reach their targets in the first quarter, including Tuyen Quang, Phu Yen, Thai Binh, Ninh Binh, Binh Phuoc, Lai Chau, Ha Giang, Hoa Binh and Son La.

Tax agencies also processed over 3.3 billion electronic invoices between January and March, including 860 million electronic invoices with codes issued by the taxman and 2.5 billion invoices without codes.

As of March 24, the number of businesses and households that registered to use tax-code electronic invoices had reached over 10,000. The total number of invoices issued is over 1,796 million.

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