They include land use fees reaching nearly 430 billion VND (18.3 million USD); environmental protection tax of 20 billion VND; duty from local state-owned enterprises of more than 20 billion VND; fees and charges of nearly 30 billion VND; other revenue of nearly 48 billion VND; public land fund of 4.6 billion VND. These revenues increased from 3.6% to over 100%.

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In addition, the province collected license fees for production and business activities reaching about 19 billion VND out of 22.3 billion VND as planned.

Determining many difficulties in budget collection, right from the beginning of the year, the Provincial Taxation Department directed specialized departments and regional tax branches to organize tax collection based on assigned revenues from organizations and individuals within the prescribed time.

At the same time, the competent forces have actively urged organizations and businesses to pay tax debt to increase budget revenue.

Tax revenue from FDI companies surpasses yearly estimate

BAC GIANG- According to the provincial Department of Taxation, the tax revenue from foreign direct investment (FDI) companies in the first 11 months is estimated at some 2.3 trillion VND (94.5 million USD), exceeding about 60 percent of the yearly assigned estimate.

More global digital platforms pay taxes in Vietnam

Seven four cross-border digital platforms, including Meta, Google, Netflix, and TikTok, have paid taxes of VND8.02 trillion (US$334.1 million) this year, more than double the amount last year.

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.

Reduces value-added tax fuels production recovery

BAC GIANG - On June 30, the Government issued Decree 44 stipulating the reduction policy for value-added tax (VAT) in line with National Assembly’s Resolution 101 dated June 24, 2023.  Accordingly, many groups of goods and services are entitled to VAT reduction from 10% to 8%, thereby helping businesses and people recover production and business after the impact of the Covid-19 pandemic.

Bac Giang reforms tax procedures, facilitates citizens and businesses

(BGO) - The Bac Giang provincial Tax Department has recently paid due attention to reforming administrative procedures towards professionalism, transparency and efficiency, thereby creating favorable conditions for citizens and businesses to fulfill their tax obligations.

Taxation sector’s budget revenue reaches 36.6 billion USD in 7 months

The taxation sector’s total state budget revenue in the first seven months of 2023 was estimated at 868.6 trillion VND (36.6 billion USD), equal to 63.3% of the estimate, and 94.5% compared with that of the same period last year, the General Department of Taxation released on August 4.