Business

Tax sector’s budget revenue increases by nearly 11% in first quarter

The tax sector’s total state budget revenue in the first quarter of 2024 was estimated at 490.2 trillion VND (19.64 billion USD), equal to 33% of the estimate for the year, and 10.9% higher than the figure of the same period last year, the General Department of Taxation announced on April 9.
Tax sector’s budget revenue increases by nearly 11% in first quarter ảnh 1At the Hanoi Tax Department. (Photo: VNA)

Hanoi (VNA) – The tax sector’s total statebudget revenue in the first quarter of 2024 was estimated at 490.2 trillion VND(19.64 billion USD), equal to 33% of the estimate for the year, and 10.9%higher than the figure of the same period last year, the General Department ofTaxation announced on April 9.

Of the total revenue, domestic revenue was estimated at474.46 trillion VND, equal to 32.9% of the estimate for 2024, an increase of11.5% over the same period in 2023.

Regarding the implementation of tax policies to supportpeople and businesses to recover and develop production and business after theCOVID-19 pandemic, the total amount of tax and land rent exempted and reducedin the first three months of 2024 was estimated at 18 trillion VND.

Regarding the implementation of the e-invoice policy, by theend of the first quarter, tax agencies received and processed 7.12 billione-invoices, including 2 billion invoices with the tax authority's verificationcodes and more than 5.12 billion invoices without the codes.

By the end of the first quarter of 2024, 50,303businesses had registered to use e-invoices generated from cash registers. Morethan 252.8 million invoices were generated from cash registers.

As of March 31, 15,931 petrol stations nationwide had issued electronicinvoices for each sale or 99.97% of the total number of petrol stations acrossthe country./.

VNA
#VietnamPlus #Vietnam News Agency #e-invoices #taxation #revenue #tax agencies #tax exemption Ha Noi
Follow VietnamPlus

Related News

Vietnam records 47.6-fold increase in electronic invoices

Vietnam records 47.6-fold increase in electronic invoices

The General Department of Taxation has reported a surge in the number of electronic invoices directly generated from cash registers, reaching a remarkable 104.8 million last year which represented a 47.6-fold increase compared to the initial implementation period.
Unprecedented solutions provided for foreign firms in Vietnam: Official

Unprecedented solutions provided for foreign firms in Vietnam: Official

Facing adverse impacts of the COVID-19 pandemic and the world’s economic and political issues, the Ministry of Finance (MoF) has suggested authorities promulgate and issued many unprecedented solutions in terms of taxes, fees, and charges to assist people and businesses, including those from the Republic of Korea (RoK), an official has said.
Tax sector to tighten management for e-commerce activities

Tax sector to tighten management for e-commerce activities

The rapid development of e-commerce in recent times has posed significant challenges to the tax management in Vietnam. The tax sector is coordinating with relevant ministries and branches to seek suitable solutions to development requirements and practices serving tax management and preventing tax loss.

See more

Chili peppers are on the list of essential goods in Indonesia (Photo: VNA)

Indonesia reduces imports of strategic food commodities

In 2026, Indonesia is expected to have approximately 12 million tonnes of rice carried over from the previous year, supported by annual production of around 34.7 million tonnes. With projected consumption of 31.1 million tonnes, national rice reserves could reach approximately 16 million tonnes by the end of the year.

Hanoi’s roadmap to implement low-emission zones from July is providing a strong boost to the electric two-wheeler market (Photo: VNA)

Low-emission zone roadmap drives electric two-wheeler boom in Hanoi

From July 1, Hanoi will introduce time-based or area-based restrictions on petrol-powered motorcycles within Ring Road 1, with plans to expand coverage across the entire zone by 2028 and extend to areas within Ring Road 3 by 2030. The policy is expected to reshape travel habits for millions of urban residents.

Delegates at the opening ceremony of the Made in Da Nang Expo 2026 (Photo: VNA)

Nearly 300 firms join Made in Da Nang Expo 2026

Speaking at the opening ceremony, Vice Chairman of the Da Nang People’s Committee Tran Chi Cuong said the exhibition is a large-scale trade promotion event aimed at showcasing products, connecting markets, and helping businesses enhance competitiveness while expanding domestic and export markets.

Green production, standardised value chains key to fruit, vegetable sector growth

Green production, standardised value chains key to fruit, vegetable sector growth

Facing mounting pressure from increasingly stringent domestic and international standards, Vietnam’s fruit and vegetable sector is accelerating its shift toward green, safe, and sustainable production models. Beyond changing farming practices, localities and businesses are stepping up efforts to standardise value chains and build brands to achieve growth targets for 2026.

Hiep Phuoc Industrial Park in Ho Chi Minh City. (Photo: VNA)

Southern industrial real estate enters strategic growth phase

Key industrial hubs in the south, including Ho Chi Minh City, Dong Nai and Tay Ninh, are transitioning from a period driven largely by supply expansion and rising land prices to a more refined growth model. This new phase is shaped by infrastructure upgrades, supply chain restructuring, product improvement and greater emphasis on operational performance.