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State budget collection up 14 percent in five months

09:45 | 18/06/2019

Total State budget collection in the first five months of this year was estimated at 508.6 trillion VND (21.86 billion VND), fulfilling 43.5 percent of the estimate and up 14.1 percent year-on-year, the General Department of Taxation (GDT) reported.


As of May 31, 2019, tax agencies collected 13.39 trillion VND (575.77 million USD) in overdue tax. (Photo: VNA)

Cao Anh Tuan, GDT deputy head, said at a press conference in Hanoi on June 14 that during the reviewed period, production and services sectors saw good growth, inflation was curbed and trade balance was maintained.

Besides, achievements in foreign investment attraction, the stable financial-monetary market and the recovery of consumption demand have helped to spur national economic growth.

Budget revenue from crude oil exceed 23.37 trillion VND (1 billion VND), equivalent to 52.4 percent of the estimate and 97.5 percent of the figure recorded in the same period last year, Tuan said.

Domestic revenue went up 15 percent year-on-year to 485.23 trillion VND (20.86 billion USD), completing 43.2 percent of the estimate, with remarkable increases recorded in such sectors as production and business, individual income tax and registration fee.

Central budget collection hit 235 trillion VND (10.1 billion USD) while local budget collection reached 273.6 trillion VND (11.76 billion USD), representing year-on-year increases of 20.5 percent and 9.1 percent, respectively.

As of May 31, 2019, tax agencies collected 13.39 trillion VND (575.77 million USD) in overdue tax, Tuan added.

Online tax declaration service has been carried out in all cities, provinces and branches of the GDT, with 99.98 percent of businesses using the service.

The tax sector has coordinated with more than 50 commercial banks and provincial tax agencies to implement online tax payment and encourage enterprises to use the service. As a result, 99.93 percent of enterprises registered for the service.

VNA

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