Collect more than 4,500 billion VND of tax every day

According to a report from the General Department of Taxation, the total state budget revenue in April 2022 managed by the tax agency is estimated at 136,000 billion VND, reaching 113.6 percent of the estimate and equaling 113.6 percent over the same period last year. .

Accumulating 4 months, the total budget revenue reached 544,215 billion VND (equivalent to more than 4,500 billion VND/day), reaching 46.3% of the estimate.

According to the General Department of Taxation, the budget revenue in the first 4 months of the year continued to achieve a good revenue progress 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 previous year. the first quarter of 2022, such as: Collecting dividends distributed by banks; revenue from crude oil was estimated at 24,096 billion VND, equaling 85.4% of the estimate (due to the high price of crude oil); 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.

“The positive results of State budget revenue coming from the socio-economic situation in April and the first four months of 2022 of our country continued to prosper in many fields,” said the General Department of Taxation.

The money for the implementation of a number of policies to support businesses and people, valid from 2021 and the implementation of a number of new support policies in 2022, is estimated at VND 14,674 billion.

In addition to budget revenue, the General Department of Taxation said that the amount of money for implementing a number of policies to support businesses and people still valid from 2021 and implementing some new support policies by 2022 is estimated at 14,674 billion copper.

In which, the total tax is implemented in Resolution No. 406/NQ-UBTVQH15: 30% reduction of value added tax rate in December 2021 (to be paid in January 2022) for enterprises and organizations; a 30% reduction in corporate income tax payable in 2021 for enterprises with a revenue of not more than VND 200 billion in 2021; 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. around 4,500 billion VND in 2022.

Reducing the value-added tax rate from 10% to 8% according to the Government’s Decree No. 15/2022/ND-CP dated January 28, 2022 (from February 1, 2022 to December 31, 2022), total estimated tax reduction in the first 4 months of 2022 is about 4,200 billion VND.

The reduction of 50% of the environmental protection tax rate for jet fuel according to Resolution No. 13 of December 31, 2021 of the National Assembly Standing Committee (from January 1, 2022 to December 31, 2022): estimated reducing State budget revenue in the first 4 months of 2022 by about 480 billion VND.

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