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Source from provincial Tax Department said that in the first nine months of 2022, the sector’s total State budget revenue was more than VND 32.96 trillion, or 80.4% of the estimate assigned by the Ministry of Finance and 99.5% over the same period last year. Of these, the revenue from personal income tax was more than VND 5.25 trillion, or 85.4% of the assigned estimate and 111.5% of the same period last year.

With this result, personal income tax was considered as one of the taxes with positive growth, which is expected to soon exceed higher by the end of 2022. According to provincial Tax Department, this source of revenue increased rapidly, due to the revenue from personal income tax finalization of salaried employees, businesses, individuals investing in securities, transferring real estate... Leaders of provincial Tax Department said that the sector has directed tax authorities at all levels to implement many solutions to improve the efficiency of tax administration for real estate transfer and business activities while promoting measures to disseminate policies and laws to taxpayers at the one-stop shop. In addition, the province’s economic recovery, expansion of production and business activities, increase in tax revenue from salaries of workers in industrial parks after the pandemic also contributed to the revenue growth of this tax.

Reported by Thanh Hong-Translated by Kim Tin