4 months of domestic revenue nearly half of the whole year estimate

Reporting at an online briefing of the Ministry of Finance, Deputy Director General of the General Department of Taxation Phi Van Tuan said that accumulated in the first four months of 2022, the total budget revenue reached 47% of the estimate, equaling 113%. compared with the same period.

Budget revenue in the first 4 months of the year continued to achieve a good progress in revenue compared to the estimate and the growth over the same period was due to the arising of revenues from previous years paid by organizations and individuals in the first quarter of 2022, such as: collecting dividends distributed by banks; revenue from crude oil increased by 82.6% over the same period (due to high crude oil price); collection of land use fees. Notably, tax and fee revenue from production and business activities reached VND 421,652 billion, up 109.8% over the same period.

According to Deputy Director General Phi Van Tuan, the amount of money for implementing a number of policies to support businesses and people, valid from 2021 and implementing a number of new support policies by 2022, is estimated at 14,674 billion VND.

In which, the total tax is implemented in Resolution No. 406/NQ-UBTVQH15: 30% reduction of VAT rate in December 2021 (to be paid in January 2022) for enterprises and organizations; 30% reduction of CIT payable in 2021 for enterprises with revenue in 2021 not exceeding 200 billion dong; Tax exemption in the fourth quarter of 2021 (submitted in January 2022) for business households and individuals is estimated to decrease in the first 4 months of 2022 by about VND 5,174 billion.

For the 50% reduction of the registration fee under Decree No. 103/2021/ND-CP (from December 1, 2021 to the end of May 31, 2022): the total registration fee is estimated to decrease in the first 4 months. about 4,500 billion VND in 2022; reducing the VAT rate from 10% to 8% according to Decree No. 15/2022/ND-CP dated January 28, 2022 of the Government (from February 1, 2022 to December 31, 2022), the total estimated tax The decrease in the first 4 months of 2022 is about 4,200 billion VND.

The 50% reduction of environmental protection tax on jet fuel according to Resolution No. 13 (from January 1 to December 31, 2022): is estimated to reduce state budget revenue in the first 4 months of the year by about VND 480 billion.

For the reduction of some fees and charges according to the provisions of Circular No. 120 dated December 24, 2021 (from January 1 to June 30, 2022): the estimated total tax will reduce state budget revenue in The first 4 months of 2022 are about 320 billion VND.

Regarding the registration, declaration and payment of tax of foreign suppliers on the electronic portal for foreign suppliers to register, declare and pay tax, Deputy Director General Phi Van Tuan said, to na has 13 foreign suppliers registered and successfully granted tax codes by the General Department of Taxation, of which 5 enterprises have declared and paid taxes with the amount paid to the state budget reaching VND 42.3 billion and USD 547 thousand

Luong Bang

Deadline for cross-border businesses to register to pay taxes to VietnamAfter April 30, the Large Corporate Tax Department will make a list of cross-border businesses that have not yet registered to pay tax and announce it on the portal of the General Department of Taxation of Vietnam and other communication channels.