According to the report of the General Department of Taxation, the total state budget revenue in August 2024 managed by the Tax authority is estimated at VND 94,200 billion, reaching 6.3% of the estimate, equal to 109.9% over the same period.

Accumulated in the first 8 months of the year, the total state budget revenue managed by the Tax authority is estimated at 1,146,828 billion VND, equal to 77.2% of the ordinance estimate, equal to 117.9% over the same period.

Of which, revenue from crude oil is estimated at VND39,364 billion, equal to 85.6% of the estimate, equal to 97.4% over the same period. Domestic revenue is estimated at VND1,107,464 billion, equal to 76.9% of the estimate, equal to 118.8% over the same period.

There are 17/20 revenue items and taxes with an estimated implementation rate of over 70%, including some large items such as: Revenue from state-owned enterprises (72.6%); Revenue from foreign-invested enterprises (73.4%); Revenue from non-state-owned enterprises (81.4%).

In addition, some taxes have high implementation rates, such as personal income tax (81.3%); Fees - charges (80.7%); Land and water surface rental revenue (108.9%); Lottery revenue (82.1%); other budget revenue (94.1%); State Bank revenue and expenditure difference (229%);...

The General Department of Taxation also said: 25/63 localities have a higher rate of budget implementation than the general rate of the whole industry (77.2%). 53/63 localities have increased revenue compared to the same period. 10/63 localities have lower revenue compared to the same period.

In September 2024, the General Department of Taxation will closely follow the direction of the Government, the Prime Minister, and the Ministry of Finance on implementing key tasks and solutions on directing and implementing the Socio-Economic Development Plan, the State Budget Estimate for 2024, and Official Dispatch No. 85/CD-TTg of the Prime Minister on managing the State budget estimate to organize the implementation of solutions to strive to achieve the highest completion of the State budget collection task in 2024.

At the same time, closely monitor the collection progress, evaluate and analyze the collection situation in each locality, each collection area, revenue item, tax and complete the plan for allocating the State budget revenue estimate for 2025.

Organize propaganda focusing on the draft law on amending and supplementing the Law on VAT; Global minimum tax; Digital transformation of the tax sector; Value added tax refund; Standardization of tax codes; Prevention of invoice risks; Fulfillment of tax obligations for e-commerce business activities, business on digital platforms; Inspection and examination work; urging and collecting tax debts.

Continue to review tax refund settlement work in localities and advise on measures to strengthen VAT management work, coordinate with units to remove difficulties and speed up tax refund settlement progress.