Budget revenue from taxes hits 76% of yearly estimate

The tax sector collected more than 1,048 trillion VND (nearly 43 billion USD) for the State budget in the first nine months of 2023, equivalent to 76.3% of the estimate for the whole year and 94.9% compared to the figure in the same period last year, the General Department of Taxation reported on October 4.
Budget revenue from taxes hits 76% of yearly estimate ảnh 1A woman pays tax at a collection point of Vietcombank's Can Tho city branch (Photo: VNA)

Hanoi (VNA) - The tax sector collected more than 1,048trillion VND (nearly 43 billion USD) for the State budget in the first ninemonths of 2023, equivalent to 76.3% of the estimate for the whole year and94.9% compared to the figure in the same period last year, the General Departmentof Taxation reported on October 4.

Out of the 20 types of receipts and taxes, 13 achieved arelatively high level of collection (over 76%). Of which, revenue from the State-owned enterprise sector reached 80% while those from personal income taxand fees and charges were estimated at 78.4% and 82.4%, respectively.

Twenty-five out of the country’s 63provinces and centrally-run cities have completed over 76% of their yearlyestimates, the agency said.

To continue to support people andbusinesses to overcome difficulties and accelerate economic recovery in 2023,the National Assembly and the Government have issued policies to reduce, exemptand extend taxes for them with a total amount of 148.3 trillion VND.

General Director of the General Departmentof Taxation Mai Xuan Thanh said that it is expected that budget collection willstill face many difficulties in the last quarter of the year, thus the tax sector will strive to fulfill the assigned targets.

It will synchronously and drastically implement solutions to strengthentax revenue management and prevent tax losses while expediting value-added tax refundsfor businesses in line with legal regulations, he said./.

VNA

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