The conference to review the tax sector's activities in 2020 (Photo: VNA) Hanoi (VNA) - Nearly 1.279 quadrillion VND (55.3 billion USD) intaxes was collected for the State budget in 2020, almost 24.35 trillion VND, or1.9 percent, higher than the annual target and 175.85 trillion VND more thanthe estimate reported to the National Assembly (NA).
Revenue included more than 562 trillion VNDcollected for the central budget, equivalent to 94.7 percent of the figuretargeted, General Director of the General Department of Taxation Cao Anh Tuantold a conference in Hanoi on January 5.
Meanwhile, tax revenue from crude oil was some34.58 trillion VND and from domestic sources 1.24 quadrillion VND, equal to98.2 percent and 102 percent of the targets, respectively.
Tuan said that, in 2020, 55 of Vietnam’s 63 citiesand provinces reached or exceeded tax collection targets, with the provinces ofNinh Binh, Yen Bai, Phu Tho, Ha Tinh, Thua Thien-Hue, and Lao Cai among thoseposting revenue increases of more than 10 percent.
Forty-one localities recorded growth in taxrevenue.
He noted that in facing the COVID-19 pandemic, thegeneral department took proactive measures to assess the impact of the pandemicand natural disasters on budget revenue and suggest to the Government and theFinance Ministry ways to balance the State budget.
All-level tax agencies carried out synchronousmeasures to manage budget collections, prevent tax losses, step upadministrative reform, and create favourable conditions for taxpayers, theofficial added.
For 2021, the NA has assigned the taxation sectorto collect nearly 1.117 quadrillion VND for the State budget, including 23.2trillion VND from crude oil and over 1.09 quadrillion VND from domesticsources./.
VNA
