The State budget revenue was estimated at over 1,223 trillion VND (50.8 billion USD) in the first nine months of this year, or 75.5% of the estimate, marking an annual decrease of 8.3%, according to the Ministry of Finance.
At a tax collection point in Vietcombank (Photo: VNA)
Hanoi (VNA) – The State budget revenue was estimated at over 1,223 trillion VND (50.8 billion USD) in the first nine months of this year, or 75.5%of the estimate, marking an annual decrease of 8.3%, according to the Ministry of Finance.
Specifically, domestic revenue managed by the tax authorities inSeptember totalled 75.6 trillion VND, bringing the nine-month figure to morethan 1,013 trillion VND, or 76% of the estimate, down 3.2% year-on-year,reported Director General of the GeneralDepartment of Taxation Mai Xuan Thanh.
Thanh attributed that to the difficulties faced by businesses intheir operations and the enforcement of financial support policies for people andfirms.
As of the late September, about 49.6 trillion VND in taxes wereexempted and reduced while around 102.9 trillion VND had their payment deadlinesextended, he said, predicting that the State budget collection will still meetdifficulties in the final quarter.
He said the sector will focus on measuresto increase revenues to the State budget, ensure accurate and timelycollection, enhance the recovery of overdue debts, thus striving to meet andexceed the assigned revenue target.
Addressing a meeting in Hanoi on October 3 to launch the sector's tasks for October and the remaining months of this year, Deputy Minister of Finance Nguyen Duc Chi asked relevant units to fine-tune laws and ensure theschedule and quality of schemes and programmes previously set.
They were also urged to strengthen price management,especially prices of necessities such as petrol and electricity to curb inflationwhile enhancing the supervisio﷽n of the stock and corporate ✱bond markets toensure their transparent and legal operations./.
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.
The total State budget collection in the first eight months of this year was estimated at over 1,124 trillion VND (46.83 billion USD), or 69.45% of the estimate, down 8.8% year-on-year, according to the Ministry of Finance (MoF).
The total State budget revenue in the first eight months of this year topped 962 trillion VND (nearly 40 billion USD), equivalent to 70.1% of the estimate for the whole of this year and 93.9% compared to the figure in the same period last year, the General Department of Taxation reported on September 11.
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At a tax collection point in Vietcombank (Photo: VNA) 
