Increase in Excise Tax: Shifting to Compound Tax system appropriate direction

Increase in Excise Tax: Shifting to Compound Tax system appropriate direction

VCN – The Government has reformed the Excise Tax calculation from the per cent rate to the Compound Tax system from now to 2030.
Total state revenue in 2023 is estimated at VND1.620 quadrillion

Total state revenue in 2023 is estimated at VND1.620 quadrillion

VCN - The estimated domestic revenue increases by 3.2% compared with the estimate in 2022 to VND1,334.2 trillion, accounting for 82.3% of the total state budget balance.
Ministry of Finance proposes to reduce 50% of environmental protection tax on aviation fuel

Ministry of Finance proposes to reduce 50% of environmental protection tax on aviation fuel

The Ministry of Finance is consulting on the Resolution of the National Assembly Standing Committee about the environmental protection tax rate for aviation fuel.
State budget revenue up in first two months

State budget revenue up in first two months

State budget collections were estimated at 286.7 trillion VND (12.4 billion USD) during January and February, or 21.3 percent of the annual estimate and up 0.6 percent year-on-year, the Ministry of Finance reported on March 8.
State budget revenue in 2020 is higher than forecast

State budget revenue in 2020 is higher than forecast

So far, with the participation of all levels, sectors and localities, the budget revenue is expected to decrease by only about VND100 trillion
State budget revenue and expenditure structure has been adjusted towards a sustainable direction

State budget revenue and expenditure structure has been adjusted towards a sustainable direction

Talking to Customs News, Tran Quang Chieu, Standing Member of the Finance and Budget Committee highly appreciated the efforts of the Finance sector for the 2016-2020 period
The risk of State budget deficit 12.5% compared to estimate

The risk of State budget deficit 12.5% compared to estimate

VCN- On October 20, Minister of Finance Dinh Tien Dung said that State budget revenue for the year is estimated at VND 1,323.1 billion, a deficit of VND 189.2 trillion (down 12.5%) compared with the estimate.
Coordination of state budget revenue: Contributing to the implementation of e-Government

Coordination of state budget revenue: Contributing to the implementation of e-Government

VCN- Recently, the most impressive thing is the quiet scene atthe State Treasury, the absence of customers ata state administrative agency.
State budget revenue unlikely to reach 2020 plan due to COVID-19: Minister

State budget revenue unlikely to reach 2020 plan due to COVID-19: Minister

It is unlikely that State budget revenue will reach the 2020 target approved by the National Assembly of over 1 51 quadrillion VND due to the impact of COVID 19 Minister of Finance Dinh Tien Dung has said
Four-month State budget revenue drops as Gov’t offers tax relief

Four-month State budget revenue drops as Gov’t offers tax relief

The State budget revenue in January April was estimated to total 491 38 trillion VND
Principles of handling tax debts meeting requirements and objectives

Principles of handling tax debts meeting requirements and objectives

VCN- The handling of tax arrears, including the elimination of fines for late payment and irrecoverable late payment interest, thus helping to keep the virtual debt do not increase.
State budget revenue in January 2018 increased by 5.2%

State budget revenue in January 2018 increased by 5.2%

VCN- According to the latest statistics of the Ministry of Finance, the total state budget revenue in January 2018 increased by 5.2% compared to the same period, while state budget expenditure was at 6% of the estimates, contributing to the budget balance
New State Budget Index can be applied from 2018

New State Budget Index can be applied from 2018

State Treasury is proactively conducting research, planning and a complete State Budget Index system to be presented to the Ministry of Finance for publishing.
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