First quarter: the revenue of the Tax sector is over 25% of the estimates

In march, the state budget revenue is estimated to reach 77,1 billion vnd. Picture: T.L

The lastest report of the General Department of Taxation, in March 2017, the state revenue reached 77,100 billion vnd, equivalent to 8% of the estimates of the ordinance and 120.5% compared to the same period in 2016.

In particular, the revenue from crude oil is estimated at 3,950 billion vnd (equivalent to 10.3% of estimates, and 115.5% compared to the same period in 2016. According to the General Department of Taxation, the revenue from crude oil in the March is quite high thanks to the oil price paid in this month continued to recover, estimated to reach $US 56.7 per barrel, increased $US 6.7/ barrel compared to the estimates and $US 23.2/ barrel compared to the same period in 2016.

Besides, also in March 2017, the domestic revenue is estimated to reach 73,150 billion vnd (equivalent to 7.9% compared to the estimates of ordinance and 120.8% compared to the same period in 2016). The revenue without the land use fees, dividends and profit remaining and the revenue from lottery are estimated to reach 56,950 billion vnd.

Thus, as the end of the first quarter in 2017, the revenue is estimated to reach 143,500 billion vnd (equivalent to 25.1% of the estimates of the ordinance, and 113.8% compared to the same period in 2016). According to the report of the Taxation office, 8/17 revenues, taxes are quite high (over 26%) compared to the estimates such as: personal income tax, land use fees, land rental fees, fees...

Notably, there are up to 14/17 tax revenues increasing compared to the same period in 2016 such as: the sector of enterprises with foreign capital increased by 10%, the non-state sector rose by 13.7%, the personal income tax increased by 22.8%; land rental fee rose by 14.9%; and charges, fees are 3 times higher…

Statistics of the Taxation office show that, by the end of the first quarter, 25/63 localities had a quite good progress of doing the estimates (over 26%) such as: Vinh Long, Bac Ninh, Quang Ngai, Thai Nguyen ... There are 19/63 localities achieving an average level of 24% to 26% of the estimates and 19/63 localities had low collection progress (less than 24%). Particularly, in the first quarter, there were 52/63 localities had revenue growth compared to the same period in 2016, of which 17 localities having growth rate over 30% such as Vinh Long, Tra Vinh, An Giang, Ben Tre, Tay Ninh, Lang Son, Soc Trang, Lam Dong, Hau Giang ....

According to a representative of the General Department of Taxation, the taxation office is continuing to apply the pilot of receiving dossiers and returning results of electronic value added tax refund at 11 provincial tax departments: Ho Chi Minh City, Dong Nai, Binh Duong, Da Nang, Can Tho, Quang Ninh, Kon Tum, Khanh Hoa, Vinh Phuc, Binh Thuan, Thai Nguyen. Towards the end of May, it will expand the size of electronic tax refund in the whole country.

At present, the General Department of Taxation is also coordinating with the Ministry of Planning and Investment to provide automatic code for enterprises and manage post-establishment enterprises, collaborating to synchronize data in 2016 and manage post-establishment enterprises between the tax authorities and business registration agencies. The two agencies are carrying out the review of enterprise data in 2016 and problems arising during the process of reviewing, standardizing and synchronizing data.