The Vietnam Report Joint Stock Company announced a list of the largest 1,000 corporate income tax payers in 2013 in Hanoi on December 2.
The honoured businesses contributed nearly 81 trillion VND (3.8 billion USD) or 10.2 percent of the total State budget revenue.
Accounting for just 29 percent of the total businesses in the V1,000 list, State-owned enterprises contributed around 66 percent of all the tax amount paid by the 1,000 listed.
Hanoi-based firms made up 38 percent of the V1,000’s total tax amount, followed by those in Ho Chi Minh City with 34 percent.
In terms of sector, firms in the mining-oil and gas industry led the V1,000 with about 37 percent of the total tax amount, followed by those in the field of telecoms-information technology with 15.3 percent, and finance, 10.5 percent.
Vietnam Report’s annual survey revealed that 67 percent of the businesses took note of improvements in taxation procedures, but nearly one third were not satisfied with the progress.
At the same time, 70 percent of surveyed firms thought the current corporate income tax is still high, and 86 percent expressed hope that the tax rates will be reduced in the coming time while the administrative formalities will be further simplified.
This is the fifth consecutive year the V1,000 has been compiled with the aim of honouring and encouraging enterprises to make more contributions to the State coffer.-VNA
The honoured businesses contributed nearly 81 trillion VND (3.8 billion USD) or 10.2 percent of the total State budget revenue.
Accounting for just 29 percent of the total businesses in the V1,000 list, State-owned enterprises contributed around 66 percent of all the tax amount paid by the 1,000 listed.
Hanoi-based firms made up 38 percent of the V1,000’s total tax amount, followed by those in Ho Chi Minh City with 34 percent.
In terms of sector, firms in the mining-oil and gas industry led the V1,000 with about 37 percent of the total tax amount, followed by those in the field of telecoms-information technology with 15.3 percent, and finance, 10.5 percent.
Vietnam Report’s annual survey revealed that 67 percent of the businesses took note of improvements in taxation procedures, but nearly one third were not satisfied with the progress.
At the same time, 70 percent of surveyed firms thought the current corporate income tax is still high, and 86 percent expressed hope that the tax rates will be reduced in the coming time while the administrative formalities will be further simplified.
This is the fifth consecutive year the V1,000 has been compiled with the aim of honouring and encouraging enterprises to make more contributions to the State coffer.-VNA
