The tax sector’s state budget revenue was estimated at nearly VND500 trillion (US$21.73 billion) in the first five months of this year, equal to 97.6% of the figure of the same period last year.
The Ministry of Finance has proposed a rise of environmental protection tax on petrol to the ceiling level of VND4,000 (17 US cent) per litre from the current VND3,000 (13 US cent) per litre.
The real estate market expects 2018 to be another great year for foreign investment. Lawyer Le Net of LNT and Partners spoke to VIR's Le Son about the difficulties real estate developers are facing and the legal issues they hope will be resolved this year.
VOV.VN - Hanoi collected over VND93.9 trillion (US$4.1 billion) in taxes during the first half of this year, completing 50.1 per cent of its annual target and 18 per cent higher compared with the same period in 2016, the municipal Tax Department reported on July 10.
Ho Chi Minh City has asked the municipal tax authority to enhance preventative measures against tax fraud and transfer pricing to ensure tax revenue and improve business confidence.
HCM City has asked the Government for a bonus of VND10 trillion (US$450 million) for exceeding its tax revenue target last year.
Do Hoang Anh Tuan, deputy minister of finance, said reduction in the world crude price to US$36 per barrel in future transactions would not affect budget revenue this year.