Nghe An: Budget revenue in 7 months reached over 8,000 billion VND
(Baonghean.vn) - Total domestic tax revenue of the whole province in July 2020 reached 1,307 billion VND, equal to 104% compared to the amount realized in July 2019. Accumulated in the first 7 months of 2020 reached 8,086 billion VND, equal to 63% of the Central budget estimate, 60% of the Provincial People's Council budget estimate and equal to 104% compared to the same period.
Excluding land use fees, the cumulative 7 months reached 5,598 billion VND, equal to 51% of the estimate and 91% compared to the same period.
The Tax Department's report shows that in the past 7 months, the tax revenues were equal to or higher than the same period's cumulative revenues, namely: land rent (121%), environmental protection tax (113%), land use fee (149%); personal income tax (116%), lottery (122%), other budget revenues (102%).
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| Producing export goods at Halotexco Nghe An Company. Photo: Tran Chau |
Taxes with lower cumulative revenue than the same period: revenue from central state-owned enterprises (69%); local state-owned enterprises (88%); foreign-invested enterprises (84%); non-state industry, trade and services (CTNDV NQD) (83%); non-agricultural land use tax (89%); fees and charges (97%); registration fee (91%); land use right granting fee (73%)...
Some taxes have low progress in implementing the budget estimate such as central state-owned enterprises (38%); non-state-owned enterprises (45%); foreign investment (50%); environmental protection tax, fees, and charges (55%).
Notably, in the first 7 months of the year, implementing the revenue estimates by locality, 2 tax branches have completed the total revenue estimates: Phu Quy 2 (total reached 135%, excluding land reached 60%); Bac Nghe 2 (total reached 100%, excluding land reached 68%).
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| The collection rate of some taxes is equal to or higher than the same period in the first 7 months of 2020. Graphics: Lam Tung. |
The remaining Tax Branches have made relatively good progress: Bac Nghe 1 (total 95%, excluding land 66%); Song Lam 2 (total 91%, excluding land 63%); Bac Vinh (total 86%, excluding land 63%); Tay Nghe 1 (total 82%, excluding land 76%); Tay Nghe 2 (total 81%, excluding land 75%); Song Lam 1 (total 78%, excluding land 65%); Vinh (total 66%, excluding land 70%); Phu Quy 1 (total 63%, excluding land 59%).
The revenue was quite good because the land use fee reached nearly 2,500 billion VND, other revenues generally showed signs of decline. Revenues from production and business activities such as: Central State-owned Enterprises, Local State-owned Enterprises, Foreign-invested Enterprises, and NQD Service Enterprises were all lower than the progress of the budget implementation as well as compared to the same period. The reason for the decrease in revenue was the double impact of the Covid-19 pandemic and related policies./.
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