State budget collection reaches 24.3% of 2024 projection in two months
The total State budget revenue in the first two months of 2024 reached over 361.67 trillion VND (nearly 14.67 billion USD), equivalent to 24.3% of the projection for the whole year, and 112.9% compared to the figure recorded in the same period last year, the General Department of Taxation reported on March 1.
At the Kim Thanh II International Border Gate in Lao Cai province. (Photo: VNA)
Hanoi (VNA) –The total State budget revenue in the first two months of 2024 reached over 361.67trillion VND (nearly 14.67 billion USD), equivalent to 24.3% of the projection for the whole year, and 112.9% compared to the figure recorded in the same periodlast year, the General Department of Taxation reported on March 1.
The agency said 53 out of the country's 63 provinces and centrally-run cities haveseen an increase in budget revenue compared to the January – February period in2023.
By the end of February,the tax authorities issued 3,017 decisions on value-added tax refunds with atotal amount of 21.68 trillion VND, equivalent to 12.7% of the value-added taxrefund projection for 2024.
According to the general department, as many as 84 foreign suppliers have beenissued taxpayer-identification numbers through the electronic portal so far. Amongthem, 67 have declared and paid taxes following legal regulations. Cumulativelyfor the last two months, the total tax value paid by foreign suppliers hit 2.03trillion VND.
🌺 To effectively fulfill the task of budgetcollection management as directed by the Government, the Prime Minister, andthe Ministry of Finance, the tax sector has been vigorously implementing measures to enhance revenuemanagement and avoid revenue losses along with speeding up administrative reformto facilitate businesses and taxpayers./.
The total revenue to the State budget as of December 25 surpassed 1.69 quadrillion VND (nearly 69.5 billion USD), up 4.5% compared to the yearly estimate, heard a conference hosted by the Ministry of Finance in Hanoi on December 27.
State budget revenue from exports and imports in January reached 30.64 trillion VND (1.25 billion VND), equivalent to 8.2% of the estimate, and up 13.2% year-on-year, the General Department of Vietnam Customs (GDVC) reported on February 6.
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At the Kim Thanh II International Border Gate in Lao Cai province. (Photo: VNA) 
