Out of the 20 receipts and taxes, 14 achieved a relatively high level of collection (over 68%), while others had lower revenue, including environmental protection tax which was equivalent to 67.7% of the same period last year, land use fee 42.3%, and land and water surface lease fee 61.1%.

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According to the agency, 27 out of the 63 provinces and centrally-run cities recorded a high level of budget revenue (above 68%).

General Director of the General Department of Taxation Mai Xuan Thanh said the agency will continue to focus on harmonious, effective, and timely solutions in the remainder of the year in order to remove difficulties, thus promoting growth and socio-economic development.

It will also implement various policies such as tax exemption, reduction and extension, and expediting value-added tax refunds for businesses in line with legal regulations, and effectively carry out policy communication work, he added.

State budget revenues hit 645.4 trillion VND in first four months

The total State budget revenue in the first four months of this year reached 645.4 trillion, reaching 39.8% of the estimate and 95% of the same period last year, according to the Ministry of Finance’s report, on the implementation of state budget revenue and expenditure in April 2023.

January’s State budget revenue estimated at 7.78 billion USD

Vietnam’s total State budget collection in January is estimated at 183.7 trillion VND (7.78 billion USD), equal to 11.3% of the yearly estimate and down 0.5% year-on-year, announced the Ministry of Finance on February 7.

2023 state budget revenue estimate up 0.4%: report

State budget revenue in 2023 is projected at 1.62 quadrillion VND (68.5 billion USD), up 0.4% from 2022, according to a report on state budget, which was exclusively made for the public.

State budget revenue surpasses nearly 20% of estimate

State budget revenue reached over 1.69 quadrillion VND (71.4 billion USD) as of December 15, exceeding the estimate by 19.8%, the Ministry of Finance announced at a conference in Hanoi on December 19.

Source: VNA