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Budget in the first 3 months of the year increased sharply from land use levy

Information on the implementation of tax work in the first quarter of the General Department of Taxation shows that the total State budget revenue (State budget) managed by tax authorities was estimated at VND 389,320 billion, equaling 33.1% of the ordinance estimate and 105.3% over the same period in 2021.

Of which, domestic revenue was estimated at 374,581 billion VND, equaling 32.7% of the estimate, up 3.8% over the same period in 2021. Revenue from crude oil was estimated at 14,739 billion VND, equaling 52.3% compared to the same period in 2021. estimated, up 67.6% over the same period.

Notably, land use levy and personal income tax are two revenues with high rates compared to the estimate, at 38% and 43.3% respectively over the same period.

In the first 3 months alone, personal income tax revenue increased by 20.6% over the same period, reaching VND 50,700 billion, completing nearly half of the whole year plan.

Meanwhile, land rental revenue increased by 26.9% and land use levy increased by 21% over the same period.

Budget in the first 3 months of the year increased sharply from land use levy - Photo 1.

Land use fees and land rentals make great contributions to the budget in the first quarter of this year.

In addition, a number of other revenues and taxes that also had positive growth in the first 3 months of the year were environmental protection taxes (up 7.1%); registration fee (up 5.1%); fees and charges (up 4.2%)… over the same period.

The General Department of Taxation said that the state budget revenue in the first quarter of this year achieved good progress in the implementation of the estimate and increased over the same period due to the continued control of the epidemic situation across the country and the recovery of production and business activities. .

The number of newly established enterprises and returning to operation in the first quarter of this year increased by 36.7% compared to the same period last year (on average, 20,000 enterprises were newly established and returned to operation a month). Total registered capital into the economy increased by 21%, of which additional registered capital of operating enterprises increased by 34.5%.

The service sector in the first quarter prospered when many service activities were active again. The contribution of a number of market service industries with a large proportion to the increase in total value added in the first quarter of this year such as: financial activities, banking and insurance increased by 9.75% over the same period last year. ; transportation, warehousing increased by 7.06%; wholesale and retail increased by 2.98%.

Concluding remarks at the Q1 briefing, General Director of Taxation Cao Anh Tuan emphasized that the first quarter’s budget revenue achieved relatively positive results. However, the units need to continue to carefully review and grasp each revenue source, detailed tax for each month, each area, and tax in order to closely forecast the situation, the revenue situation, and then advise the leaders of the General Department of Taxation plan to manage the budget accordingly.

In particular, in the context that from April 1, the environmental protection tax for gasoline, diesel, fuel oil, and lubricants will be reduced by 50% and by 70% for kerosene products. decrease by over 20 trillion VND.

For debt management, tax authorities at all levels, General Director of Taxation Cao Anh Tuan requested functional units to actively analyze the cause of each tax debt, the nature of debt in localities to The General Department has an effective solution to handle and collect tax debt. In addition, the General Department of Taxation makes the most of available information technology applications in tax debt management, thereby speeding up the debt settlement process, proactively proposing a plan to promptly remove the tax debt settlement. debt freezing and debt forgiveness according to Resolution No. 94 of the National Assembly.

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