Q2 tax revenue growth returns to green, non-tax revenue falls
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Tax revenue growth bounced back into positive territory in Q2. According to data released Friday by the Ministry of Finance (MoF), tax revenue rose 1.2% y/y in the quarter – reversing a 3.5% decline in Q1. Individual income tax (IIT) led the rebound, climbing 9.2% y/y.
However, that gain was largel...