State budget revenue tops 70% of year's estimate in eight months

Illustrative image (Photo: VNA)

Hanoi (VNA) – The total State budget revenue in the first eight monthsof this year topped 962 trillion VND (nearly 40 billion USD), equivalentto 70.1% of the estimate for the whole of this year and 93.9% compared to the figure in the sameperiod last year, the General Department of Taxation reported on September 11.

Out of the 20 receipts and taxes, 14 achieved a relatively highlevel of collection (over 68%), while others had lower revenue, includingenvironmental protection tax which was equivalent to 67.7% of the same periodlast year, land use fee 42.3%, and land and water surface lease fee 61.1%.

According to the agency, 27 out of the 63provinces and centrally-run cities recorded a high level of budget revenue (above 68%).

General Director of the General Department of Taxation Mai Xuan Thanh said theagency will continue to focus on harmonious, effective, and timely solutions inthe remainder of the year in order to remove difficulties, thus promotinggrowth and socio-economic development.

It will also implement various policies such as tax exemption, reduction andextension, and expediting value-added tax refunds for businesses in line with legalregulations, and effectively carry out policy communication work, he added./.

VNA