Budget revenue of FDI enterprises soars

According to provincial Tax Department, over the first seven months of 2021, provincial state budget revenue of FDI enterprises continued to increase significantly compared to the same period in 2020. Accordingly, the budget revenue reached 750 billion VND, the accumulated estimated revenue over seven months was 9,004 billion VND, reaching 63.8% of the estimate target assigned by the Ministry of Finance and equaling 118.7% over the same period last year.

It is known that the revenue in this sector increased, because some enterprises in the same period last year had extended but this period has not yet renewed, so they had to pay tax. In addition, in 2020, the corporate income tax settlement difference was extended, this year the settlement difference is not extended, so businesses have to pay. Some companies increased domestic consumption, incurred value added tax..

Reported by Thanh Hong - Translated by Ngoc Huynh

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