Taxation sector fulfils 60% of tax collection estimate

Of the amount, about VND25.48 trillion came from crude oil, 72.4% of the estimate and 64.4% of the collection in the same period last year. Domestic revenues topped VND727.13 trillion, or 59.6% of the estimate and 93.3% compared to the same period last year.

The department also said total tax debt in the first eight months of this year had increased compared to the amount at the end of 2019.

It attributed the rise to delayed payment of land use fees and land lease, as well as the government’s policy to reschedule tax payment for enterprises hit by the COVID-19 pandemic.

Another reason is that many tax payers have encountered difficulties in business and production activities under the impact of the pandemic.