Bắc Ninh
State budget revenue reaches 77.52% of year's estimate in eight months
The total state budget revenue in the first eight months of this year reached more than 1,146 trillion VND, equivalent to 77.2% of the estimate for the whole of this year and 117.9% compared to the figure for the same period last year, according to the General Department of Taxation.
Of the total, collection from crude oil was about 33.36 trillion VND, equal to 85.6% of the projection, while domestic collection was estimated at 1,107 trillion VND, equal to 76.9% of the projection and up 11.8% over the same period last year, the department reported.
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State budget revenue reaches 77.52% of year's estimate in eight months. |
In August alone, the total State budget collection was estimated at 94.2 trillion VND, equivalent to 6.3% of the yearly projection, representing a year-on-year rise of 9.9%.
25 out of 63 localities completed over 77% of the state budget projection for this year, while 10 others witnessed lower revenue compared to the same period last year.
In the Jan-August period, tax and land rent exemptions and reductions totalled about 77.83 trillion VND.
According to the department, a total of 48,867 businesses have registered to use electronic invoices created from cash registers, with the number of electronic invoices created from cash registers reaching around 684 million.
Additionally, 106 foreign suppliers registered and were granted tax codes through the tax sector’s online portal. In the first eight months of this year, the total tax amount paid directly by foreign suppliers through the portal reached 6.23 trillion VND.
Total state budget collection in the first five months of 2024 was estimated to reach 898.4 trillion VND (35.2 billion USD), equivalent to 52.8% of the yearly estimate, representing a year-on-year rise of almost 15%, according to the Ministry of Finance (MoF).
The 15th National Assembly (NA) is dedicating a full day to reviewing Vietnam's socio-economic performance and State budget for 2023 and the first months of 2024, as part of the ongoing seventh session in Hanoi on May 29.
Prime Minister Pham Minh Chinh on May 22 signed a directive on the building of the socio-economic development plans and state budget estimates for 2025.
Total State budget collection in the first four months of this year was estimated at 640.29 trillion VND (25.20 billion USD), equivalent to 43% of the yearly projection, representing a year-on-year rise of 10.7%, according to the General Department of Taxation.
The tax sector’s total state budget revenue in the first quarter of 2024 was estimated at 490.2 trillion VND (19.64 billion USD), equal to 33% of the estimate for the year, and 10.9% higher than the figure of the same period last year, the General Department of Taxation announced on April 9.
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