Tax sector sees good results in State budget collection
The tax sector collected 911.02 trillion VND (38.9 billion USD) of State budget in the first seven months of this year, a year-on-year rise of 17.2%, and equivalent to 77.5% of its yearly estimate, according to the General Department of Taxation.
Hanoi (VNA) – The tax sector collected 911.02trillion VND (38.9 billion USD) of State budget in the first seven months ofthis year, a year-on-year rise of 17.2%, and equivalent to 77.5% of its yearly estimate, according to the General Department of Taxation.
Of the total, domestic collection was over 868 trillion VND,equivalent to 75.7% of its plan for this year. Meanwhile, as of the end ofJuly, the sector completed its central budget collection target by 75.8% andlocal collection by 78.9%.
The General Department of Taxation attributed the results tothe good economic growth in the first months of this year thanks to therecovery of business and production activities amid controlled pandemicsituation.
Along with rolling out drastic measures to strengthen taxmanagement, the sector has applied solutions to support people and enterprisesto promote business and production, including the reduction of environmental protectiontax on fuels as well as the cut of some fees.
The department forecast many difficulties and challenges in budget collectionin the time to come. In the context, it has directed taxation agencies toreview income sources and continue to speed up administrative reform and the digitalisationof tax management to support tax payers./.
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Staff at Da Nang Customs Department (Photo: VNA) 
