Accordingly, revenue from crude oil hit 5.3 trillion VND, equal to 12.6% of the estimate and 167.7% of the figure in the same period last year. Domestic revenue was estimated at 160.4 trillion VND, equivalent to 12% of the ordinance estimate and 103.1% of the figure a year ago.

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Revenue from State-owned enterprises accounted for 13.2% while that from foreign-invested sector 14.1%, individual income tax 8.1%, fees and bills 10.2%, land use tax 6%, and environment protection tax 3.1%.

The State, non-State and foreign-invested sectors recorded respective growth of 15.3%, 21.1% and 18.3% in revenues to the State budget.

This year, the tax sector was assigned to collect over 1.37 quadrillion VND in taxes, 42 trillion VND of which will be from crude oil and the remainder from domestic collection.

Vietnam collects $231 mln in taxes from online platforms

The Finance Ministry said online platforms including Facebook and Google have paid VND5.59 trillion (US$231.6 million) in taxes from 2018 to August this year.

Scrap special consumption tax on gasoline: VCCI

Reducing special consumption tax on gasoline to zero and cutting value-added tax by half will provide positive impacts amid global uncertainties, the Vietnam Chamber of Commerce and Industry (VCCI) proposed.

Bac Giang enterprises take great efforts on production and business with high tax payment

(BGO) – Amid severe impact of Covid-19 pandemic last year, many enterprises and entrepreneurs in Bac Giang province took great efforts to recover the difficulties, maintain and accelerate effective production and business and well implement taxation policy to the State. Many were honored by the taxation sector with reward for sharp increase revenue and high tax payment.

Bac Giang honors outstanding tax payers

(BGO) – The Taxation Department in Bac Giang province on September 26 held a ceremony to honor outstanding tax payers.

General Department of Taxation honors 5 good tax payers

(BGO) – The General Department of Taxation has issued decision to honor 5 organizations and individuals as good tax payers in Bac Giang province who fully satisfied their tax obligations in 2021.

Source: VNA