Sep 05, 2020 / 17:22

Over 98% Vietnam enterprises pay taxes online

The Hanoitimes - From January 1 to August 19, enterprises have carried out over 2.23 million transactions related to online tax payment with a combined amount of US$17.75 billion.

As of the end of August, nearly 778,000 enterprises, or 98.1% of the total in Vietnam, have paid taxes online while the number filing tax return online reached 99.3% of the total, according to the General Department of Taxation (GDT).

 Over 98% Vietnam enterprises have paid taxes online. 

From January 1 to August 19, enterprises have carried out over 2.23 million transactions related to online tax payment with a combined amount of US$17.75 billion.

Over the past years, Vietnam’s tax authorities have been promoting IT application in the tax payment process, in turn creating convenience and helping enterprises save costs.

In 2020, the GDT has targeted to integrate 93 administrative procedures at online advanced stages of 3 and 4 into the national public services portal. 120 procedures have been integrated so far, or 130% of the target.

As of August, state budget revenue declined by 8.1% year-on-year to VND752.6 trillion (US$32.45 billion), or 60% of the estimate. Of the total, revenue from crude oil exports stood at VND25.41 trillion (US$1.09 billion), down 35.6% year-on-year or 72.4% of the estimate; and domestic revenue at VND727.13 trillion (US$31.35 billion), down 6.7% year-on-year or 59.6% of the estimate.

The GDT attributed a lower state budget revenue against the same period of last year to the Covid-19 economic impacts and the government’s supporting programs in the form of deferrals of taxes payment.