The tax sector collected an estimated 462.92 trillion VND (19.71 billion USD) for the State budget in the first quarter of 2023, equivalent to 31.1% of the yearly estimate, the General Department of Taxation reported on April 3.
Tax revenue reaches over 19.7 billion USD in Q1. - Illustrative image (Photo: VNA)
Hanoi (VNA) - The tax sector collected an estimated 462.92 trillion VND (19.71 billion USD) for the State budget in the first quarter of 2023, equivalent to 31.1% of the yearly estimate, the General Department of Taxation reported on April 3.
Of the total, domestic collection reached over 411.4 trillion VND, equivalent to 30.9% of its estimate for the year, and up 5.3% compared to the same period last year.
Twenty-eight out of the country's 63 provinces and centrally-run cities have completed over 28% of their yearly estimates.
The General Department of Taxation said it received and processed 3.3 billion e-invoices, including 860 million e-invoices with code and 2.5 billion without code.
As of March 24, over 10,000 businesses, business households and individuals have successfully registered to use e-invoices generated from cash registers.
For e-commerce tax management, 49 foreign suppliers have registered, made tax declarations, and paid taxes through the portal for foreign suppliers. Meanwhile, as many as 285 organisations which are the owners of e-commerce platforms, provided their information through the portal.
This year, the tax sector is set to collect over 1.37 quadrillion VND for the state budget.
It has synchronously and drastically implemented solutions to strengthen tax revenue management and prevent tax losses, while accelerating administrative reform to create favourable conditions for businesses and taxpayers. It has also vigorously sped up information technology application, and increased inspections on and dialogues with taxpayers./.
The General Department of Taxation (GDT) reported on August 18 that it has completed the integration of additional 27 administrative procedures into the national public service portal, lifting the total number of online public services provided through the portal to 120.
Nearly 1.279 quadrillion VND (55.3 billion USD) in taxes was collected for the State budget in 2020, almost 24.35 trillion VND, or 1.9 percent, higher than the annual target and 175.85 trillion VND more than the estimate reported to the National Assembly (NA).
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.
The General Department of Taxation (GDT) on December 15 officially operated its e-commerce information portal and launched electronic invoices from cash register.
The tax sector collected an estimated 325.78 trillion VND (13.73 billion USD) for the State budget in the first two months of 2023, a year-on-year rise of 16.7%, and equivalent to 23.7% of the yearly estimate, the General Department of Taxation has reported.
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Tax revenue reaches over 19.7 billion USD in Q1. - Illustrative image (Photo: VNA) 
