Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam
International Journal of Business and Economics Research
Volume 8, Issue 6, December 2019, Pages: 369-374
Received: Sep. 28, 2019;
Accepted: Oct. 15, 2019;
Published: Oct. 23, 2019
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Nguyen Huu Cung, Faculty of Business Management, Hanoi University of Industry, Hanoi, Vietnam
Taxes are the most important revenue source for the state budget. Income from individual income tax as a percentage of total tax revenue is increasing according to the development process of each country. The purpose of the article is to analyze the relationship between GDP per capita and individual income tax revenue in Vietnam. Empirical method is employed on secondary time series data set during the period 1999-2018. Econometric tools are employed to present and analyze the collected data from concerned bodies. The result shows that the GDP per capita has a positive effect on individual income tax revenue at 1% significant level. Moreover, the article also finds that tax revenues during the period of the individual income tax law are higher than the period of the income tax ordinance for high-income earners.
Nguyen Huu Cung,
Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam, International Journal of Business and Economics Research.
Vol. 8, No. 6,
2019, pp. 369-374.
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/
) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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