tax revenue

Update news tax revenue

Fees and charges make up growing shares in Vietnam state budget revenue

Such increases have created a burden on the citizens, while multinationals are taking advantage of Vietnam’s incentive policies to avoid taxes.

Many businesses died, arrears of tax reach over $3 billion

According to a report from the General Department of Taxation, arrears of tax in the first half of 2013 reached VND64.632 trillion ($3.23 billion), up 32 percent compared to 2012 and 30 percent over the same period.