Monday, August 21, 2017 - 11:53:27

State-owned firms pay most taxes

Print

State-owned enterprises (SOEs) continued to be the biggest tax contributors in the top list of 1,000 largest corporate income tax payers in Vietnam with its contribution doubling from 25.8 trillion VND (1.2 billion USD) in 2010 to 65 trillion VND (3.1 billion USD) this year.

The V1000 profile is released on Oct. 18 by the Vietnam Report Company and online newspaper VietnamNet to honour enterprises for their good business performance and for their significant contributions to the country's budget over three consecutive years.

The ranking this year also saw a strong development of foreign-invested enterprises (FDI) as their contribution rose from 20 trillion VND (961 million USD) to 39 trillion VND (1.9 billion USD).

Giant telecom providers including the Vietnam Post and Telecommunications (VNPT), Military-run Viettel Corporation (Viettel) and the Vietnam Mobile Telecom Services Company (VMS) this year held high positions in the list. The ranking also saw dominant tax payers in the sectors of petroleum, banking and coal and minerals.

The Vietnam Report Company said that the ranking welcomed new businesses which mostly came from SOEs and private sectors.

Information to compile the business profiles is collected from business results and individual data by the company in coordination with the Taxation magazine of the General Department of Taxation, and domestic and foreign consultants.

Rankings are based on the total corporate income tax paid over three consecutive financial years between 2008 and 2010./.
Your comments about this article ...
Others