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Budget increased sharply from personal income tax

Only in the first three months of the year, personal income tax increased by more than 20%, to VND50,700 billion, completing nearly half of the whole year plan.

According to the General Department of Taxation, this is an amount from personal income tax for salaried employees, business people, individuals investing in securities, transferring real estate…

After 3 months, this revenue has reached 43% of the whole year estimate and increased by more than 20% compared to the same period last year. With a full year estimate of more than 118,000 billion VND, personal income tax in the first quarter of the year is estimated at more than 50,700 billion VND.

Along with Personal Income Tax, the General Department of Taxation said that there were 15 revenues remaining, the tax rate reached over 25% of the yearly estimate after 3 months. Including revenues from state-owned enterprises, foreign-invested enterprises, non-state industrial, commercial and service sectors, personal income tax, environmental protection tax, registration fee. , land use fees…

Total budget revenue of the tax industry in the first quarter of the year was estimated at over 389,300 billion VND. Of which, 96% is domestic revenue, up nearly 4% over the same period last year.

Budget revenue in the first quarter was quite on schedule and increased over the same period, according to tax authorities, it was thanks to the control of the epidemic situation across the country and the recovery of production and business activities. The number of newly established and re-operated enterprises in the first quarter increased by 36% over the same period last year, the total registered capital into the economy increased by 21%, of which, operating enterprises increased by more than 35% capital. .

Quynh Trang

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