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tax revenue

Tax revenue from e-commerce surpasses US4.2 billion

Tax revenue from e-commerce surpasses US$4.2 billion

With the rapid growth of the e-commerce market, tax revenue from this sector reached about VNĐ108 trillion (US$4.25 billion) in the first 11 months of 2024.
HCM City real estate tax revenue jumps 50%

HCM City real estate tax revenue jumps 50%

Revenue from personal income tax and registration fees associated with real estate transactions in HCM City has surged by 50 per cent to reach over VNĐ6.54 trillion (US$257.6 million) in the first nine months, according to data from tax authorities.
Domestic tax revenue exceeds 40 million in the first seven months of 2024

Domestic tax revenue exceeds $40 million in the first seven months of 2024

Budget revenue from taxes reached about VNĐ1.02 quadrillion (US$42.1 million) in the first seven months of this year.
Tax revenue jumps 16.7 per cent in the first two months

Tax revenue jumps 16.7 per cent in the first two months

Domestic tax revenue was nearly VND315 trillion, accounting for 96 per cent of the total revenues.
Tax revenue grows 8.5 per cent year-on-year

Tax revenue grows 8.5 per cent year-on-year

Domestic tax and fee collection is estimated at VND1.06, equal to 116.4 per cent of the ordinance''s estimate, a growth of 5.3 per cent compared to the implementation last year.
Tax revenue from Google, Youtube, Facebook reaches 49.5 million in 2020

Tax revenue from Google, Youtube, Facebook reaches $49.5 million in 2020

The value-added tax was VND519 billion and corporate income tax VND624 billion.
Taxes lost from e-commerce sector during COVID-19

Taxes lost from e-commerce sector during COVID-19

The COVID-19 pandemic has become a golden opportunity for e-commerce trading floors, as well as social networks such as Facebook. However, the country has lost billions of dong in tax revenue due to e-commerce as there are no specific regulations...
Tax policies must support firms to boost revenue: official

Tax policies must support firms to boost revenue: official

Only 34 out of 63 provinces and cities had recorded tax collection revenue equivalent to half of their goal for the full year or higher.
State revenue unlikely to fall despite numerous FTAs

State revenue unlikely to fall despite numerous FTAs

Reduced revenue from removing taxes on imported goods - in accordance with various free trade agreements (FTA) that Viet Nam has signed - is unlikely to affect state revenue.
Tax reform crucial for State budget sustainability

Tax reform crucial for State budget sustainability

Taxes and duties are a very important source of State budget revenue and provide major finance for the Government’s socio-economic development programmes. In Viet Nam, tax revenue is starting to decline while expenditure continues to rise, threatening budget sustainability.
E-payments account for 95 percent of tax revenue

E-payments account for 95 percent of tax revenue

Total import-export tax revenue collected through e-payments reached VND191.15 trillion (US$9.2 billion), accounting for 95 per cent of the total revenue to the State budget, from January 1, 2018 to September 5, 2018.
Petrolimex increases consumption of Nghi Son Refinery products

Petrolimex increases consumption of Nghi Son Refinery products

The Viet Nam National Petroleum Group (Petrolimex) has limited the imports of petroleum products to consume products of Nghi Son Refinery factory located in the central province of Thanh Hoa since this month.
HCM City looks to improve tax collection

HCM City looks to improve tax collection

HCM City has asked the municipal tax authority to enhance preventative measures against tax fraud and transfer pricing to ensure tax revenue and improve business confidence.
Production, business sectors pay more tax

Production, business sectors pay more tax

The production and business sectors paid VND235.5 trillion (US$11 billion) in tax in the first eight months this year, jumping 14.6 per cent from last year''s figure, according to the Taxation Department.