Total tax collection in 2020 is estimated at over VND1.26 quadrillion (US$54.37 billion), equivalent to 100.6% of the estimate, Deputy Director of the General Department of Taxation Dang Ngoc Minh said on December 31.

Of the figure, some VND1.22 quadrillion was domestic
revenue, exceeding the estimate by 7%.

Minh said the taxation sector worked to evaluate the impacts of disasters and epidemics on state budget collection, and recommended the Government pen suitable measures to fulfill the set targets.

The general department ordered taxation organisations to carry out uniform state budget management measures as well as enhance administrative procedure reform with a view to forming a fair business environment and increasing sources of revenue to the State.

Minh stressed the sector will enhance examination and inspection to prevent tax loss and evasion, and strive to reduce tax debt rate to under 5% of the total state budget revenue in 2021.

Additionally, due attention will be given to improving performance of tax officers so as to prevent corruption, he added.