Domestic revenue reaches $7.17 billion in first two months

Domestic revenue was estimated to reach VND63,500 billion (US$2.79 billion) in February and VND163,100 billion ($7.17 billion) in the first two months this year, reported the General Department of Taxation.

The two month revenue accounts for 16.8 percent of estimates and increases 8 percent over the same period last year.

Tax agencies have performed many measures to obtain the result, according to the department. Specifically, they have upgraded tax management system, handled problems in tax declaration and payment, piloted e-value added tax payment at 13 taxation departments across the country.

In addition, they have sped up propaganda and other measures to assist tax payers to conduct their obligations, focusing on sponsoring businesses to strike a balance, improve national competitiveness by coordinating with relevant agencies to boost administrative reform.

By Che Han – Translated by Hai Mien

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