Tax revenue is estimated at VND 426 922 billion in the first quarter

0 Comments

By Hoai Anh/Phuong Linh

Revenue reached 31.1% of the estimate

From the beginning of the year, the General Department of Taxation has launched emulation movements to strive to exceed the state budget revenue estimate; drastically and effectively implement tax administration, combat transfer pricing, and combat loss of state budget revenue; strengthen communication, dialogue and problem solving for taxpayers towards the goal of supporting people and businesses to apply digital transformation in tax declaration and payment, contributing to preventing revenue loss of state budget.

As a result, the total state budget revenue in March 2023 managed by the tax agency was estimated at 106,500 billion VND, reaching 7.8% of the ordinance estimate, equaling 82.5% over the same period. In addition, revenue from crude oil was estimated at VND 5,500 billion, equaling 13.1% of the estimate, equaling 69.1% over the same period in 2022; domestic revenue was estimated at 101,000 billion VND, equaling 7.6% of the ordinance estimate, equaling 83.4% over the same period.

In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate, equaling 104.6% over the same period. Domestic revenue is estimated at 411,418 billion VND, equaling 30.9% of the estimate, up 5.3% over the same period in 2022.

There were 12/20 revenue and tax revenue that was quite good compared to the estimate (reaching over 28%), and 8/20 revenues reaching below 28%. There are 11/20 revenues and taxes with a growth rate over the same period; 9/20 revenues and taxes are lower than the same period in 2022 (such as environmental protection tax equal to 41%; registration fee equal to 85.4%; land use levy is equal to 48.4%; money collection of land lease is equal to 30.2%).

28/63 localities have quite a progress in implementing the estimate (over 28%); 14/63 localities ensure the collection progress (25-28%).

Notably, there are 21/63 localities with low collection progress (under 25%), of which some localities have very slow collection progress (under 20% of the estimate), including Tuyen Quang, Phu Yen, Thai Binh, Ninh Binh, Binh Phuoc, Lai Chau, Ha Giang, Hoa Binh, Son La.

Proposal to handle thorough inspection and examination of 11,844 billion VND

As of March 2023, the whole tax sector has carried out 4,709 inspections, reaching 5.88% of the plan in 2023 and equaling 96.3% compared to the same period in 2022; checked 66,563 tax declaration dossiers at the tax office, equaling 73.55% compared to the same period in 2022.

The total amount proposed to be handled through inspection and examination is VND11,844 billion. The total amount of tax paid to the state budget is VND1,595 billion, equal to 59.4% of the increase in revenue through inspection.

Regarding tax debt management, the total amount of tax debt collection of the whole industry in March 2023 was estimated at VND1,840 billion. Accumulation by the end of the first quarter is estimated at VND10,153 billion.

By the end of the first quarter, the total amount of tax debt was estimated at VND145,674 billion, up 1.2% compared to February; an increase of 12% over the same period in 2022; handling of debt freezing and cancellation of debts that can no longer be collected according to Resolution No. 94 of the National Assembly is estimated at VND36,584 billion.

The General Department of Taxation also said that by the end of the first quarter, there are 890,667 enterprises operating nationwide, an increase of 4,333 enterprises (0.49%) compared to the end of 2022.

Tax authorities have issued 3,517 decisions on VAT refunds with a total refund of VND 23,610 billion, equal to 13% of the VAT refund estimate for 2023 approved by the National Assembly (VND 186,000 billion), a reduction of 20%. over the same period in 2022. Specifically, the refund for export is 20,129 billion dong; the refund for the investment project is VND 3,388 billion; the refund for other cases is VND 93 billion.

Regarding the implementation of e-invoices, more than 3.3 billion invoices have been received and processed (of which 860 million invoices have codes and 2.5 billion invoices are without codes).

As of March 24, 2023, more than 10,000 enterprises, business households and business individuals have registered to use e-invoices with the tax authority’s code generated from the cash register successfully, exceeding the deployment plan in the first period with the number of invoices that have initialization code from the cash register is 1,796,510 invoices.

Categories:

Leave a Reply