Latest News about tax collection
Total tax collection in 2020 is estimated at over VND1.26 quadrillion ($54.37 billion), equivalent to 100.6 percent of the estimate, Deputy Director of the General Department of Taxation Dang Ngoc Minh said on December 31.
State auditors have found incorrect application of land rent remission policy in some provinces that did not adjust land rents after the rent stabilization period expired.
The Hanoi Tax Department has cooperated with Hanoi Television to make a TV segment publicizing the names of companies with large tax arrears, with four debtors to be named in the first phase.
The total collection for the state budget may exceed VND46 trillion may not be good news, because the sources of revenue are uncertain and the collection from enterprises has decreased.
The collection of tax from cross-border services, or services provided by foreign firms via internet to users in Vietnam, is included in the amended Tax Management Tax, expected to take effect in early 2020.