In the first six months of 2018, Vietnam's tax authorities collected VND17.94 trillion (US$787 million) in tax arrears, while state budget revenue reached 50% of the year's estimate, according to the General Department of Taxation.
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With the target of conducting on-site audits of at least 18.5% of enterprises in 2018, in the January - June period, a total of 30,000 enterprises were audited with an additional of over VND5.7 trillion (US$249 million) in tax arrears being detected, Minh added.
This resulted in an increase of VND2.6 trillion (US$113.6 million) in state budget revenue, equivalent to 45.37% of tax amount collected through audits.
Meanwhile, in the first half of 2018, tax authorities collected VND531.5 trillion (US$23.2 billion) for the state budget, equivalent to 49.7% of the year's estimate and up 13.9% year-on-year.
Of the total, revenue from crude oil jumped to VND29.5 trillion (US$1.28 billion), up 25.3% year-on-year, while domestic revenues reached VND496.7 trillion (US$21.69 billion), equivalent to 48% of the estimate and up 12% year-on-year.
According to the general department, each barrel of crude oil was sold at an average of US$71, US$21 higher than the estimate. Meanwhile, respective revenue from land use fees and land rents grew by 19% and 22.6%, compared with the same period last year, respectively.
Furthermore, the economic recovery led to a higher budget revenues, with 14 out of 17 collection items growing year-on-year. A total of 44 out of 63 localities achieved positive results in collecting domestic revenues (above 50% of the estimate).
Tax authorities this year aim to collect a higher state budget revenue than 5% of the estimate set by the National Assembly, Minh stressed.
