Q1 personal income tax collection up 20 percent

Created 03 April 2022
  • PDF
Editor Choice
(0 votes, average 0 out of 5)

First quarter personal income tax collection grew 20 percent year-on-year to VND50.7 trillion ($2.22 billion), achieving 43 percent of the year’s target, the General Department of Taxation says.

Q1 personal income tax collection up 20 percent

It said that the personal income tax payees included workers, business owners, stock investors, property sellers and others.

Several other tax collections also exceeded 25 percent of the annual target, including taxes paid by state-owned companies, foreign-invested companies, vehicle registration and land use fees as also environmental protection taxes.

Total tax revenues in the first quarter rose 4 percent year-on-year to over VND389.30 trillion, the department said.

It explained the increase in tax collections on the pandemic being brought under control and business activities resuming strongly.

The number of new and returning businesses in the first quarter rose 36 percent year-on-year, it noted.


Source: VNE

Maybe You Also Interesting :

» Gold rush turns Vietnam forest into construction site

Bandits have set up camps and built tunnels to illegally extract gold inside a protection forest of Quang Nam Province.

» Silence is not golden when it comes to sexual harassment

When my boss wrapped his arms around my neck and passed sexual comments, I did not hold back but snapped at him in front of colleagues.

» Leniency for criminals willing to pay up? No, thanks

Can we afford lighter sentences for those willing to pay for their crimes, literally? How is that different from bribery, a colleague asked.