Estimated revenue of the tax In the first quarter

A report from Binh Duong provincial Tax Department shows that in the first three months of 2022, the province's budget revenue was estimated at VND 11,646 billion, gaining 102.8 percent of the first quarter estimate, and equaling to 28.39% of the year's estimate assigned by Ministry of Finance and to 77.04% over the same period.

According to the provincial Tax Department, the revenue in the first quarter has decreased compared to the same period last year due to the policy of reducing corporate income tax, land rents, land use fees, etc. Currently, in addition to urging collection and payment, Tax Department is assigning revenue estimates for the second quarter of 2022 to affiliated units to proactively implement, and at the same time to review all revenue sources in order to complete the collection tasks of the second quarter of 2022 and the whole year.

Reported by Truc Huynh – Translated by Vi Bao