Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam

Nguyen Huu Cung

doi:doi:10.11648/j.ijber.20190806.16

| Peer-Reviewed

Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam

Nguyen Huu Cung

Published in International Journal of Business and Economics Research (Volume 8, Issue 6)

Received: 28 September 2019 Accepted: 15 October 2019 Published: 23 October 2019

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

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.

Published in	International Journal of Business and Economics Research (Volume 8, Issue 6)
DOI	10.11648/j.ijber.20190806.16
Page(s)	369-374
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Income Tax, Individual Income, Tax Revenue, Individual Income Tax, Vietnam

References

[1]	Liu et al. (2012). Analysis of Differences of The Personal Income Tax Regime between Vietnam and China. 2nd International Conference on Financial Management and Economics (Singapore), Vol. 43, pp. 231-237.
[2]	Nguyen Huu Cung et al. (2013). Determinants of Revenue of Personal Income Tax in Vietnam. In Proc. of The 4th Int. Asia Conf. on Industrial Engineering and Management Innovation (IEMI’2013), Taiwan, 2013, pp. 126-130, ISBN: 978-3-642-40059-9.
[3]	Daniel Tencer (2013). Canada’s Tax Burden Shifting Corporations onto People: Economists. The Huffington Post Canada. https://www.huffingtonpost.ca/2013/11/24/corporate-personal-taxes-canada_n_4333694.html.
[4]	Nguyen Huu Cung (2015). Corporate Income Tax Burden and Its Determinants: Evidence from Vietnam. Advances in Management and Applied Economics, Vol. 5, No. 3, pp. 103-120.
[5]	Chand and Moene (1997). Controlling Fiscal Corruption. IMF Working Paper, No. 97 (Washington DC: International Monetary Fund).
[6]	Gupta, S. (2007). Determinants of Tax Revenue Efforts in Developing Countries. IMF Working Paper 07/184. Washington: International Monetary Fund.
[7]	Amin et al. (2014). Factors affecting tax revenue in Pakistan. Journal of Finance and Economics, 2014, Vol. 2, No. 5, 149-155.
[8]	Mossie (2016). Determinants of Tax Revenue in Ethiopia (Johansen Co-Integration Approach). International Journal of Business, Economics and Management, 3 (6): 69-84. DOI: 10.18488/journal.62/2016.3.6/62.6.69.84.
[9]	Velaj, E. & Prendi, L. (2014). Tax Revenue - The Determinant Factors - the Case of Albania. European Scientific Journal September, SPECIAL edition, Vol. 1, ISSN: 1857–7881 (Print), E - ISSN 1857-7431.
[10]	Muibi and Sinbo (2013). Macroeconomic Determinants of Tax Revenue in Nigeria (1970-2011). World Applied Sciences Journal 28 (1): 27-35, 2013 ISSN 1818-4952. IDOSI Publications, 2013 DOI: 10.5829/idosi.wasj.2013.28.01.1189.
[11]	Gobachew et al. (2018). Determinants of Tax Revenue in Ethiopia. Economics, Vol. 6, No. 1, 2018, pp. 58-64. DOI: 10.11648/j.eco.20170606.11.
[12]	Nguyen Huu Cung and Liu Hua (2014). A Comparative Study on Individual Income Tax Burden of Vietnam and China. Business and Management Research, Vol. 3, No. 2, pp. 60-66. DOI: 10.5430/bmr.v3n2p60.
[13]	Than Thanh Son and Nguyen Huu Cung (2019). Individual Income Tax Revenue and Its Determinants: A Case Study in Vietnam. Advances in Economics and Business, Vol. 7, No. 5, pp. 185-193, DOI: 10.13189/aeb.2019.070502.
[14]	Pius, K., & Raymond, E. (2014). Factors affecting tax revenue in Pakistan. International Journal of Advanced Research, volume 2, issue 2, 449-458.

Cite This Article

Plain Text BibTeX RIS

APA Style

Nguyen Huu Cung. (2019). Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam. International Journal of Business and Economics Research, 8(6), 369-374. https://doi.org/10.11648/j.ijber.20190806.16

Copy | Download

ACS Style

Nguyen Huu Cung. Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam. Int. J. Bus. Econ. Res. 2019, 8(6), 369-374. doi: 10.11648/j.ijber.20190806.16

Copy | Download

AMA Style

Nguyen Huu Cung. Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam. Int J Bus Econ Res. 2019;8(6):369-374. doi: 10.11648/j.ijber.20190806.16

Copy | Download

@article{10.11648/j.ijber.20190806.16,
  author = {Nguyen Huu Cung},
  title = {Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam},
  journal = {International Journal of Business and Economics Research},
  volume = {8},
  number = {6},
  pages = {369-374},
  doi = {10.11648/j.ijber.20190806.16},
  url = {https://doi.org/10.11648/j.ijber.20190806.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190806.16},
  abstract = {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.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam
AU  - Nguyen Huu Cung
Y1  - 2019/10/23
PY  - 2019
N1  - https://doi.org/10.11648/j.ijber.20190806.16
DO  - 10.11648/j.ijber.20190806.16
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 369
EP  - 374
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20190806.16
AB  - 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.
VL  - 8
IS  - 6
ER  -

Copy | Download

Author Information

Nguyen Huu Cung

Faculty of Business Management, Hanoi University of Industry, Hanoi, Vietnam

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Nguyen Huu Cung. (2019). Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam. International Journal of Business and Economics Research, 8(6), 369-374. https://doi.org/10.11648/j.ijber.20190806.16

Copy | Download

ACS Style

Nguyen Huu Cung. Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam. Int. J. Bus. Econ. Res. 2019, 8(6), 369-374. doi: 10.11648/j.ijber.20190806.16

Copy | Download

AMA Style

Nguyen Huu Cung. Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam. Int J Bus Econ Res. 2019;8(6):369-374. doi: 10.11648/j.ijber.20190806.16

Copy | Download

@article{10.11648/j.ijber.20190806.16,
  author = {Nguyen Huu Cung},
  title = {Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam},
  journal = {International Journal of Business and Economics Research},
  volume = {8},
  number = {6},
  pages = {369-374},
  doi = {10.11648/j.ijber.20190806.16},
  url = {https://doi.org/10.11648/j.ijber.20190806.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190806.16},
  abstract = {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.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Gross Domestic Product Per Capita and Individual Income Tax Revenue: Empirical Evidence from Vietnam
AU  - Nguyen Huu Cung
Y1  - 2019/10/23
PY  - 2019
N1  - https://doi.org/10.11648/j.ijber.20190806.16
DO  - 10.11648/j.ijber.20190806.16
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 369
EP  - 374
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20190806.16
AB  - 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.
VL  - 8
IS  - 6
ER  -

Copy | Download