Domestic tax collection achieves impressive results

	Domestic tax collection prospers
	Domestic tax collection in September falls sharply
	HCMC: More than VND 30,000 billion of domestic tax debts

The economic recovery and good growth have helped increase state budget revenue in the first eight months of the year: Photo: General Department of Taxation

Tax revenue reaches over VND1 million billion

Director General of the General Department of Taxation Cao Anh Tuan said that in the first eight months of 2022, our country's economy continued to recover thanks to good pandemic control and the State's supportive policies.

Specifically, GDP in the first quarter rose 5.03%, in the second quarter 7.72% year-on-year. It is forecast that the GDP in the third quarter will increase to about 11% and for the whole year 7.82%. As a result, the tax sector's state budget collection has achieved positive results both in terms of progress and speed.

The tax revenue in the eight months of 2022 is estimated at VND1,002,874 billion, or 85.4% of the estimate, and 118.4% over the same period last year. In which, domestic revenue is estimated at VND951,789 billion or 83% of the estimate, and 115.9% year-on-year. Excluding policies on one-time land rental extension, exemption and reduction of large localities, domestic tax revenue rose by 6.9% year-on-year, reported the General Department of Taxation.

According to the General Department of Taxation, 60 of 63 cities and provinces reported good growth in tax collection. In addition, 16 of 19 sectors, revenues and taxes reached good results such as state-owned enterprises reached 74.7%; foreign-invested enterprises 72%; the industry, commerce and non-state services 82%; registration fee collection 88.9%; and revenue from lottery 76.4%.

Moreover, many taxes and revenues have seen impressive growth over the same period last year such as revenue from the state-owned enterprise sector rose by 9.5%; revenue from the non-state economic sector rose by 18.4%; personal income tax revenue rose 27.7%; registration fee revenue rose by 23.6%; and revenue from fees and charges rose by 10.2%.

In addition, thanks to the State’s supportive policies, the production and business activities of enterprises have recovered and returned to normal. The number of new enterprises and returning to operation in the first months of the year grew 26% to 101,800. In particular, a number of industries negatively affected by the Covid-19 pandemic have grown strongly again such as passenger transport increased by 4.4 times in August 2022 over the same period last year; goods transport increased by 58.6% in volume and 68.8% in freight turnover.

Continuing supportive solutions

To complete the state budget task in 2022, the General Department of Taxation has requested tax departments to review all revenues to assign monthly and quarterly revenue to each unit close to the actual situation and closely monitor the progress of the budget collection, assess and analyze specifically each area, each tax and have a plan to manage revenue in a timely manner and forecast monthly and quarterly revenues close to the actual situation.

Tax departments must also pay attention to monitoring and evaluating the collection in the remaining months of the year according to each revenue, each area in accordance with the conditions of the economic recovery situation in order to forecast revenue, especially sources affected by supportive policies, consumer demand stimulus packages and other monetary and fiscal policies.

The General Department of Taxation will also review, research and submit to competent authorities for consideration, amendment, supplementation and completion of tax documents and guiding documents of the Tax Administration Law to cover revenues, improve tax management capacity for collection agencies, prevent fraud, tax evasion, loss of tax revenue and tax arrears. Besides, the application of information technology in tax administration and creating a favorable, clear and transparent environment for taxpayers to fulfill their obligations to the state budget will be also enhanced.

The whole tax sector will continue to offer supportive solutions according to Resolution 43/2022/QH15 of the National Assembly and Resolution 11/NQ-CP of the Government in the Program of socio-economic recovery and development, helping businesses and people quickly restore production and business activities, creating a premise to increase revenue for the state budget; continue to research, advise and submit to the competent authorities to offer appropriate solutions to support businesses and people; continue to implement solutions on revenue management, fight against loss of revenue, collect tax debts, speed up the implementation of plans for inspection, examination and debt collection targets; classify tax debts and urge appropriate collection; and handle debts according to the provisions of Resolution 94/2019/QH14; implement solutions under the direction of the Government, the Prime Minister, the Ministry of Finance, the General Department of Taxation to strive to fulfill the budget task for the whole of 2022.

The General Department of Taxation will work with ministries and agencies to build and complete the legal basis, research and build a database on land to serve the management of revenues from land and real estate; promote the dissemination of legal policies related to real estate trading and transfer to people and businesses in various forms.