Circular No.54/2018/TT-BTC regulation on revenues of state budget from taxes and charges equal to 21% of GDP in 2019

Circular No.54/2018/TT-BTC regulation on revenues of state budget from taxes and charges equal to 21% of GDP in 2019 07/11/2018 07:54:00 61

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This is the objective specified in Circular No.54/2018/TT-BTC which provides guidelines for making state budget estimates of 2019 and 3-year financial plans (2019-2021)

According to the Circular, the Ministry of Finance suggests some momentous methods for making state budget estimates of 2019, including:

- Striving to earn revenues from taxes and charges equal to 21% of GDP in 2019 

- Making domestic revenue estimate of 2019 increase by at least 12% to 14% compared to that in 2018
This estimate shall not include revenues from crude oil, land use levy, lottery, sale of state capital contributed to enterprises, dividend and profits after-tax.

- Making estimate of revenue from import and export of 2019 increase by at least 4% to 6% compared to that in 2018

Circular 54 comes into force from July 23, 2018.