According to 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. In the first 8 months of 2024, the total revenue is estimated at VND 1,146,828 billion, equal to 77.2% of the estimate, equal to 117.9% over the same period.
In the first 8 months of 2024, in addition to implementing well support packages for businesses, promptly removing difficulties for businesses, creating momentum for businesses and people to quickly restore production and business activities, develop stably, and promote economic growth; the Tax sector also promotes strengthening tax collection management, inspection, and examination, reviewing revenue sources, preventing revenue loss, especially in real estate business, financial services, and banking; preventing tax loss in e-commerce activities, cross-border digital platform business, preventing illegal purchase and use of invoices. Implementing discipline and order in the entire sector, striving to complete the task of collecting the state budget in 2024.
Total state budget revenue in the first 8 months of 2024 is estimated at 1,146,828 billion VND, equal to 117.9% over the same period.
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. Of which: Revenue from crude oil is estimated at VND 5,000 billion, equal to 10.9% of the estimate, equal to 99% over the same period. Domestic revenue is estimated at VND 89,200 billion, equal to 6.2% of the estimate, equal to 110.6% over the same period. Domestic tax and fee collection is estimated at VND 70,700 billion, equal to 6.5% of the ordinance estimate, equal to 108.4% over the same period. Total accumulated state budget revenue in the first 8 months of 2024 managed by the Tax authority is estimated at VND 1,146,828 billion, equal to 77.2% of the ordinance estimate, equal to 117.9% over the same period. Total accumulated state budget revenue in the first 8 months of 2024 managed by the Tax authority is estimated at VND 1,146,828 billion, equal to 77.2% of the ordinance estimate, equal to 117.9% over the same period. In which: Revenue from crude oil is estimated at 39,364 billion VND, equal to 85.6% of the estimate, equal to 97.4% over the same period. Domestic revenue is estimated at 1,107,464 billion VND, 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%); 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%); revenue from the State Bank's revenue and expenditure difference (229%); Revenue from foreign suppliers (112.2%)... 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 last year. 10/63 localities have lower revenue compared to the same period.
Efforts to implement tax policies to support people and businesses to recover and develop production and business
The total amount of tax and land rent exempted and reduced in the first 8 months of 2024 is about 77,831 billion VND. Of which, the reduction in value added tax rate according to Decree 94/2023 and Decree 72/2024 is 17,200 billion VND; Reduction in environmental protection tax according to Resolution 42/2023 of the National Assembly is estimated at about 23,064 billion VND; Reduction in land rent according to Decision No. 25/2023/QD-TTg reduces revenue by about 2,460 billion VND; Extension of tax and land rent payment according to Decree 64/2024 and Decree 65/2024 is about 28,863 billion VND; Tax exemption and reduction policy issued in 2023 but due to delay in tax declaration regulations, the state budget revenue in January 2024 is reduced by about 6,244 billion VND.
In the first 8 months of the year, the Tax Department conducted 38,705 inspections and checks.
In the first 8 months of the year, the Tax authority has conducted 38,705 inspections and examinations, reaching 58.1% of the 2024 plan, equal to 99.6% over the same period; 365,344 records have been inspected, equal to 99.5% over the same period in 2023. The total amount of money recommended for handling through inspections and examinations is 39,859 billion VND, equal to 100.3% over the same period. Tax debt collection in August 2024 is estimated at 3,244 billion VND. Accumulated to the end of August 2024, it is estimated to collect 53,771 billion VND, an increase of 29% over the same period in 2023, of which: collection by debt management measures is 50,458 billion VND; The tax authority has announced a temporary suspension of exit for 17,952 cases with a tax debt of 30,388 billion VND. Up to now, the tax authority has announced a temporary suspension of exit for 17,952 cases with a tax debt of 30,388 billion VND. Nationwide, there are 944,193 enterprises, an increase of 21,598 enterprises (2.3%) compared to December 31, 2023. 99.6% of enterprises have used electronic tax declaration services with the number of electronic tax declaration dossiers received being 12,099,321 dossiers. By the end of August 2024, the tax authority had issued 12,299 decisions on value-added tax refunds in 2024, equal to 104% over the same period last year. 2023.
Promoting the application of information technology in tax management
From the time of implementation to August 19, 2024, the number of electronic invoices received and processed by tax authorities is 9.6 billion invoices, of which invoices with codes: 2.4 billion; invoices without codes: 6.4 billion; Invoices generated each time and invoices generated from cash registers: 0.8 billion. In the first 8 months of 2024, 40,867 businesses registered to use electronic invoices generated from cash registers, reaching 85.8% of the 2024 plan with the number of invoices used being 684 million. Regarding the implementation of the service of registering and paying electronic taxes via the Etax Mobile application: Since its implementation, there have been 1,276,580 downloads and installations, using the application, the number of transactions via commercial banks is 2,307,074 transactions with the amount successfully paid of 5,153 billion VND. Regarding the operation of the Electronic Information Portal for foreign suppliers: To date, 106 foreign suppliers have registered and been granted tax codes via the Electronic Information Portal. In the first 8 months of 2024, foreign suppliers declared and paid taxes of more than VND 6,234 billion, equal to 124% over the same period in 2023, equal to 125% of the estimate assigned in 2024.
Strive to achieve the highest state budget collection task in 2024
Closely follow the direction of the Government, the Prime Minister, the Ministry of Finance, and the General Department of Taxation 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 and implement solutions to strive to achieve the highest 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. Continue to review the tax refund settlement work in localities and advise on measures to strengthen the management of value-added tax, coordinate with units to remove difficulties and speed up the progress of tax refund settlement. Focus on accelerating the implementation of the inspection plan for 2024; Strengthen management and strict control over enterprises with high risks in tax and invoices. Continue to strengthen debt management and tax debt enforcement, strictly implement tax debt enforcement measures. Continue to support taxpayers who are foreign suppliers to comply with tax laws in Vietnam; Review and request foreign suppliers with cross-border service business activities in Vietnam to register, declare and pay taxes via the General Department of Taxation's electronic information portal. Continue to promote the implementation of tasks in Project 06, review and standardize personal tax codes with the Ministry of Public Security. Promote reform and modernization of the tax system, simplify tax administrative procedures, maintain electronic tax declaration, payment, refund services, and electronic invoice system. Ensure the information technology system operates 24/7 to support taxpayers in fulfilling their obligations to the state budget from registration, declaration, tax payment, and electronic tax refund without having to go directly to the tax authority. Upgrade the Etax Mobile application to overcome existing problems and limitations to best serve taxpayers.
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