Professor Đinh Trọng Thịnh, a senior lecturer at the Academy of Finance, talks to Hải quan (Customs) newspaper on revenue tax reductions for enterprises in 2020
State budget revenue was estimated at nearly VNĐ500 trillion (US$21.5 million) in the first five months of this year, equal to 97.6 per cent of the same period last year.
HCM City Tax Department has fined a number of tax violators and managed to reclaim more than VNĐ1.1 trillion (US$51 million) for the State budget in the first four months of this year.
The State budget revenue in January – April was estimated to total VNĐ491.38 trillion (US$21.18 billion), representing a drop of 5.9 per cent against the same period last year.
The high consumption of beer in Việt Nam has previously attracted brewers to cash in. But now, the Việt Nam Beer Alcohol Beverage Association (VBA) is asking the Government for help.
The chairman of Hà Nội’s People's Committee has asked the city’s Tax Department to put forward support measures for businesses and a realistic budget collection scenario after assessing the impact of the novel coronavirus (COVID-19) epidemic on the manufacturing and service sectors.
Prime Minister Nguyễn Xuân Phúc on Wednesday praised the tax sector for reshuffling working apparatus, and urged it to continue with reforms to better serve taxpayers.