Tax revenue in six months hits over VND105.7 trillion
VGP - The tax sector’s state budget revenue was estimated at VND105.751 trillion (US$4.55 billion), in the first five months of this year, equal to 99.6% of the figure of the same period la st year, as announced by the Ha N oi Taxation Department on June 16.
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The Ha Noi Tax Department has promptly implemented policies in order to support organisations, enterprises, business households and taxpayers affected by the COVID-19 epidemic in the city.
As of June 15, 28,968 enterprises and 2,859 business households have implemented procedures to request an extension of their tax payment and land rental terms in accordance with Decree No.41 of the Government.
The COVID-19 pandemic has had a significant impact on tax collection. The General Department of Taxation has supported businesses to overcome difficulties and have solutions to ensure the revenue target.
The General Department of Taxation said the Government's nationwide social distancing decision, requiring non-essential businesses to close and others to limit activities has affected businesses and State budget revenue in April and May.
In addition, the implementation of the Government’s Decree 41/NĐ-CP on the extension of deadlines for tax and land use fee payments to support businesses suffering from the COVID-19 pandemic also caused a sharp decline in budget revenues.
The decrease in five-month revenue is also partly attributed to the implementation of Decree 100/2019/NĐ-CP with severe sanctions for drivers who consumed alcohol.
This has led to a sharp decrease in alcohol consumption in many localities.
In the first 6 months, the sector was estimated to have performed 7,650 inspections, reaching 40% of the plan and up 5% over the same period last year.
By Vien Nhu
