The figure is equivalent of 48.3% of the full-year target and down 3.1% from the same period last year.

Among the 20 revenue sources, 12 have exceeded 48% of their full-year targets while 8 were below 48%.

A breakdown of provincial tax departments shows that 17 achieved over 48% of their targets, 21 reached between 42% and 48%, and 25 performed below 42%.

In the first five months of the year, in addition to implementing support packages for enterprises to restore their production and business, the tax revenue sector also increased inspection to prevent revenue loss and recover tax arrears.

Vietnam should proactively participate in global minimum tax mechanism

The implementation of the global minimum corporate tax will directly affect Vietnam’s efforts to attract foreign direct investment (FDI). With a minimum tax rate of 15% imposed on multinational companies, measures to attract foreign capital through tax incentives will no longer be effective.

Vietnam’s richest man launches electric taxi firm

Pham Nhat Vuong, Vietnam’s richest man, has established GSM, an all-electric taxi operator with a charter capital of VND3 trillion ($126.85 million).

9 out of 15 tax revenues increase year on year

(BGO) – According to the Taxation Department in Bac Giang province, till the end of February 2023, nine out of 15 tax revenues represented year on year increase.

Budget revenues from taxes up 16.7% in two months

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.

Property tax changes under consideration

Several property tax changes are being considered to curb speculation and bring down real estate prices that have been surging for years.

Source: NDO