The data was just announced at the Conference on summarizing tax work in 2024 and deploying tax work tasks in 2025 of the General Department of Taxation on the morning of December 19.

According to the report of the General Department of Taxation, in 2024, the estimated budget revenue assigned to the Tax sector is 1,486,413 billion VND. Of which, crude oil revenue is 46,000 billion VND; domestic revenue is 1,440,413 billion VND.

Total state budget revenue in 2024 managed by tax authorities is estimated at VND 1,732,000 billion, equal to 116.5% of the estimate (exceeding VND 245,587 billion), equal to 113.7% compared to the implementation in 2023.

Regarding value-added tax refunds, by December 16, 2024, 18,402 value-added tax refund decisions had been issued, with a refund amount of VND 141,513 billion, equal to 83% of the estimate, up 4% over the same period last year.

During the past year, the Tax sector conducted 62,932 inspections and audits at taxpayers' offices; inspected 525,792 tax declarations at tax authorities. The total amount of proposed settlement was VND 62,726 billion (of which VND 16,463 billion was increased in revenue; VND 2,675 billion was reduced in deduction; VND 43,587 billion was reduced in loss), equal to 102% of the same period. The average increase in revenue was VND 2.47 billion/inspection and VND 201.7 million/inspection.

Debt collection in 2024 is 61,227 billion VND, an increase of 33.2% compared to 2023. The ratio of total tax debt to total state budget revenue in 2024 is 11.3%, of which the ratio of tax debt that can be collected to total revenue in 2024 is 7.8%.

The General Department of Taxation has issued 58,687 notices of temporary suspension of exit with a total tax debt of VND80,512 billion, thereby collecting VND4,289 billion from 6,648 taxpayers.

In 2025, the Tax sector aims to exceed the State budget collection task (VND 1,719,556 billion). Fully and promptly mobilize potential revenue sources, and avoid revenue losses to the budget.

Accordingly, the Tax sector will focus on inspecting and examining key sectors and fields with large revenue potential and high risk of revenue leakage. Develop a project to supplement the initial investigation function for tax authorities.

Regularly monitor and control compliance of inspection teams to prevent, stop, and promptly handle violations in public service activities. Complete and upgrade the electronic inspection and supervision system.

Some topics to improve the effectiveness of tax management and inspection and control against budget loss in 2025

- Personal income tax management of high-income taxpayers.

- Prevent revenue loss for businesses with sudden revenue growth; large-scale businesses that have not been inspected or audited for many years; businesses with losses for many years; businesses with profit margins lower than the industry average for many years.

- Anti-fraud in tax refund.

- Prevent loss of revenue for large businesses that do not establish businesses.

- Prevent loss of revenue from rental and real estate transfer activities.

- Prevent loss of revenue from livestock product trading (through traders, brokers, agents, etc.).

- Prevent revenue loss in the transport and BOT sectors.

- Prevent loss of revenue from e-commerce and digital business activities.

- Prevent loss of revenue for businesses with related transactions.

- Preventing loss of insurance business; trading in gold, jewelry, fine arts, iron and steel, scrap, pharmaceuticals, medical equipment, clinics, beauty salons, electronic games with prizes; lending; mineral resources (soil, rocks, sand and gravel, etc.).