According to the provincial Taxation Department, total domestic budget collection hit about 815 billion VND (36 million USD) in October 2021, up 8.3 percent month on month and 10,465 billion VND (462.5 million USD) in ten months, rising 48.1 percent year on year and exceeding 17.1 percent of the yearly estimate.

Rapidly recovered businesses greatly contribute to the stage budget.

The key collections of land use fee gained 5,690 billion VND (surpassing 29.6 percent); collection from foreign direct investment and state owned businesses hit 980 billion VND (exceeding 1.6 percent) and 390 billion VND (exceeding 2.2 percent) respectively...The others achieved over 80 percent of the estimate.

Amid the Covid-19 pandemic, thanks to the provincial synchronous implementation of measures, incentive policies to support and remove difficulties, the enterprises can rapidly recover the production and business activities to create jobs to labours, enhance productivity and production value.

Besides, many property projects were auctioned, greatly contributing to the state budget collection.

Some companies with high tax payment included Vina Solar Technology Company Limited in Van Trung industrial park (Viet Yen district); Tan Thinh Construction Co.,Ltd; Thanh Do Construction Joint Stock Company (Bac Giang city)...

To nurture the source of collection, the provincial authority continues accompanying and handling the obstacles in term of capital, labour, administrative procedure...to accelerate the business development.

Vietnam considers $933 mln tax break

The government is considering a VND21.3 trillion ($932.66 million) tax break, including value-added and corporate income tax, to boost economic recovery after the fourth Covid-19 wave.

Bac Giang exceeds yearly plan on import export taxation collection

(BGO) – According to the Customs Sub-Department controlling the industrial parks in Bac Giang province, the state budget collection has hit over 1,185 billion VND (52 million USD) so far, exceeding the assigned target and representing over 154 percent of the year on year figure.

Bac Giang defers tax payments to over 900 businesses

(BGO) - Implementing Government’s Resolution No. 52/2021/ND-CP on April 19, 2021, the Taxation Department in Bac Giang province popularized to local businesses about payment period extension for value added tax, business income tax, individual income tax and land lease fees.

E-commerce platforms to be connected with tax agencies from next year

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

Bac Giang exempts science-technology enterprises from income tax

Bac Giang province now has 10 enterprises operating in the field of science and technology, according to the provincial Tax Department.