Budget revenue from households and individual businesses increased by nearly 26%

On the afternoon of March 17, the Tax Department (Ministry of Finance) announced that the total accumulated state budget revenue in the first 3 months of 2025 reached 668,313 billion VND, equal to 38.9% of the estimate, equal to 136.3% over the same period last year.

13/19 revenue items reached over 30% of the estimate, 16/19 revenue items grew compared to the same period in 2024.

40/63 localities have revenue reaching over 30% of the estimate; 8/63 localities have revenue reaching below 26% of the estimate; 56/63 localities have revenue growth compared to the same period in 2024.

7/63 localities have lower revenue than the same period in 2024, including Bac Kan, Quang Ngai, An Giang, Tra Vinh, Ha Giang, Long An, Thanh Hoa.

Transactions at tax offices in Hanoi. Photo: Quang Thai

According to regional tax departments, 17/20 regional tax departments have achieved good progress compared to the estimate (over 30%) and 19/20 regional tax departments have increased revenue compared to the same period in 2024.

By the end of 2024, the whole country will have 3.6 million business households under tax management, contributing VND 25,953 billion to the state budget.

In the first 3 months of 2025, budget revenue from this area is estimated at VND 8,695 billion, an increase of 25.7% over the same period in 2024.

Since the beginning of the year, 148 foreign suppliers have registered and paid taxes via the Electronic Information Portal for Foreign Suppliers with an estimated revenue of VND 2,832 billion.

Along with that, more than 66,000 households and individuals doing e-commerce business have registered and fulfilled tax obligations on the e-commerce tax declaration and payment portal, reaching nearly 548 billion VND.

Also according to the Tax Department, in the first 3 months of 2025, the whole industry issued 3,911 value-added tax refund decisions with a total refund amount of VND 31,128 billion, an increase of 6% over the same period in 2024.

Since the automatic personal income tax refund application was deployed (April 4, 2025), as of April 16, 98,721 records have been identified by the system for refund, with an amount of VND 489.28 billion.

In the past 3 months, the tax authority has conducted 10,382 inspections, reaching 15.5% of the plan, equal to 151.6% of the same period. The amount of proposed settlement is 16,930 billion VND, equal to 281.3% of the same period, of which the increased revenue is 4,366 billion VND; the deduction is reduced by 650 billion VND; the loss is reduced by 11,914 billion VND, the amount paid to the state budget is 2,162 billion VND.

In March, the Tax sector collected 5,103 billion VND in outstanding debts, with a cumulative 3-month collection of 22,352 billion VND, equal to 83.2% compared to the same period in 2024.

The electronic invoice system continues to operate stably, receiving and processing more than 13 billion invoices (of which more than 3 billion invoices have codes; 8.3 billion do not have codes; 1.94 billion invoices are generated from cash registers).

In particular, by the end of March 31, 100% of gas stations nationwide (16,165 stores) had connected to automatically issue electronic invoices in accordance with the Prime Minister's direction.

eTax Mobile application reached over 3.8 million downloads and installations. More than 6.2 million transactions were made. Total amount paid reached over 12,400 billion VND.

Source: https://hanoimoi.vn/thu-ngan-sach-tu-ho-ca-nhan-kinh-doanh-tang-gan-26-699321.html