Tax authorities expect increased revenue

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(VOVworld) - Tax authorities anticipate collecting at least 30 billion USD in the remaining ten months of 2016, a 19% increase over the same period last year and seen as a sign that the Vietnamese economy is continuing to recover.

(VOVworld) - Tax authorities anticipate collecting at least 30 billion USD in the remaining ten months of 2016, a 19% increase over the same period last year and seen as a sign that the Vietnamese economy is continuing to recover.

Tax authorities expect increased revenue - ảnh 1


Yet, collecting these taxes is expected to require great efforts by tax agencies, since global oil prices remain low and many regions face severe droughts and saltwater intrusions, experts said. The taxation department said that in the remaining months of this year, it will hasten administrative reforms and the implementation of e-tax filing and payments, as part of a wider effort to improve the business climate and remove difficulties for firms.

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