Tax income down in first four months
18-05-2012 15:20:00+07:00
Tax income down in first four months
Only VND148 trillion (US$7 billion) in taxes were paid to the HCM City budget in the first four months of this year, a reduction of nearly 65 per cent in comparison with the target set at the beginning of this year, said deputy director of the city's Taxation Department Nguyen Trong Hanh.
Hanh said that income tax payments increased by 27.2 per cent and land and water surface hire taxes increased by 34.1 per cent, but automobile registration fees fell 22.9 per cent.
Hanh said that car registration fees had fallen because consumers had bought cars before the new tax was applied.
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