Outstanding results in the first 11 months of the year

• Exceeding the revenue target: Total state budget revenue managed by the tax authority reached 104.5% of the estimate, 116% higher than the same period last year.
• Even distribution: As many as 42 out of 63 localities achieved a revenue collection rate of over 94% of the estimate, demonstrating the consistent efforts of localities nationwide.
• Growth in many revenue sources: Many major revenue sources, such as revenue from the non-state economic sector, personal income tax, and fees, achieved high growth rates.
• Technology application: The tax sector has promoted the application of information technology, ensuring the stable operation of the IT system and providing good services to taxpayers.
• Effective implementation of support policies: The tax sector has effectively implemented tax exemption, reduction, and extension policies, supporting businesses and people to overcome difficulties.

Reasons for success

The success of the tax sector in 2024 is attributed to many factors, including:

• Resolute leadership: The close direction of leaders at all levels has created great motivation for tax officials and civil servants.
• Professional workforce: The tax workforce has a high level of expertise and is dedicated to their work.
• Application of information technology: The application of information technology has helped improve work efficiency, reduce errors, and facilitate taxpayers.
• Close coordination with other agencies: The tax sector has closely coordinated with other agencies to enhance tax management effectiveness.

Towards the goal of completing the 2024 task excellently

To complete the assigned task to the highest degree, the General Department of Taxation has set out a number of key tasks in the final months of the year, including:

• Strengthening inspection and supervision: Continue to scrutinize and closely supervise the handling of tax refunds and prevent revenue loss.
• Promoting propaganda: Strengthen propaganda on tax policies and electronic tax services.
• Improving the quality of the workforce: Organize training courses to enhance the professional capacity of officials.
• Building a professional working environment: Strengthen discipline and order, and build a friendly and efficient working environment.

Conclusion

With the achieved results and the orientation for the future, Vietnam’s tax sector is increasingly affirming its important role in stabilizing the macroeconomy and ensuring revenue for the state budget.