Thai Hoa: Budget revenue reached 104 billion VND.

(Baonghean.vn) – Thai Hoa district achieved high results in several indicators, such as land use right fees reaching 42 billion VND, corporate income tax estimated at 128% of the plan; and personal income tax estimated at nearly 185% of the plan...

According to the People's Committee of Thai Hoa town, the total budget revenue of the town in 2015 was estimated at 104 billion VND. This figure reached 130.5% of the plan assigned by the province and nearly 130% of the target set by the Town People's Council Resolution.

Revenue from land use rights contributes significantly to the income of Thai Hoa Town.

Notably, some revenue items achieved relatively high levels, such as: land use right fees of 42 billion VND, reaching nearly 191% of the People's Council Resolution; corporate income tax estimated at 128% of the plan; personal income tax estimated at nearly 185% of the plan; mineral exploitation right fees estimated at 282.5% of the plan; and resource tax estimated at 197.5% of the plan.

Conversely, some revenue items are likely to fall short of the assigned targets, such as VAT, which is estimated to reach 92.4% of the plan, and other non-state revenue, which is estimated to reach 49.7% of the plan.

Corporate income tax revenue in Thai Hoa town experienced strong growth in 2015.

However, current revenue only meets about one-third of the local needs. Total state budget expenditure in the area is estimated at nearly 307 billion VND for the whole year.

In 2016, Thai Hoa Town set a target of collecting over 112 billion VND in state revenue within its jurisdiction, including 47 billion VND from land use rights fees.

Thanh Duy