Total domestic revenue in the first 6 months of 2018 is estimated at VND 2,905 billion

Workers at garment line of Thai Ha Garment Enterprise.

If deducting the land use fee, total revenue is estimated at VND 2,320 billion, achieving 44.7% of the estimate, equal to 112.4% over the same period of 2017.

The revenue from central state-owned enterprises in the first 6 months is estimated at VND 60 billion. The revenue from local state-owned enterprises is estimated at VND 135 billion, accounting for 62.8% of the estimate; Budget revenue from foreign investment enterprises is estimated at VND 135 billion; revenue from non-state enterprises is VND 730 billion.

In the first 6 months, 6/13 targets managed by the tax sector completed over 50% of the estimate, in which some targets increased highly over the same period of 2017 such as: Revenue from construction lottery (total revenue was VND 24 billion, achieving 56.5% of the estimate of the Ministry of Finance, increasing 23.7% over the same period of 2017), non-agricultural land use tax (total revenue was VND 5 billion, increasing 20.4% over the same period of 2017), registration fee (total revenue was VND 125 billion, increasing 28.6% over the same period of 2017), personal income tax (total revenue was VND 122 billion, increasing 22.4% over the same period of 2017).

In the last 6 months of the year, the tax sector will continue to deploy and implement strictly the direction of the Ministry of Finance, General Department of Taxation and the provincial Party Committee, the provincial People’s Council and People’s Committee in the management of tax collection; take the initiative in advising the provincial People’s Committee on deploying the solutions on mechanisms, policies and administrative procedures in the field of taxation in order to promptly solve difficulties and obstacles so as to facilitate the organizations and individuals to step up the investment activity, production and business development, promote economic growth, contribute to raising the income for the budget; improve the quality of the work of analyzing and forecasting the impacts on the budget revenue situation in the area; Deploy the measures to exploit revenue sources, actively supervise and speed up the taxpayers to pay closely to the arisen amount, supervise and speed up the insufficient budget receipts; Implement well the inspection work at the head office of the tax agency, strengthen the inspection and checking at the taxpayer’s head office, especially the inspection and checking against the transfer of price for enterprises with foreign investment capital; Improve the quality and innovate the form of propaganda and support for taxpayers in all stages, parts and fields so that people and enterprises can acquire the policies the most efficiently. At the same time, continue to implement efficiently the program on administrative reform and modernization of the taxation sector.