According to the GDT’s statistics, enterprises in the list contributed over 145.93 trillion VND (6.31 billion USD) to the State budget, accounting for 62.4 percent of the total State revenue from corporate income taxes and equivalent to 103.74 percent of that paid by those in the 2019 V1000 list.

A garment factory in Vietnam.

It has been the fifth consecutive year the GDT has announced the list. During 2016-2020, 423 firms were named in the list. In the manufacturing and processing sector, 180 enterprises accounted for 32.91 percent of the total tax contribution. It was followed by those in finance-banking and insurance with 30.6 percent, information and communications 10.71 percent, real estate 6.6 percent; wholesale and retail, and repair of automobiles, motorbikes and motorised vehicles 5.68 percent.

Hanoi and Ho Chi Minh City took the lead with 109 and 134 taxpayers, respectively. Their tax contributions accounted for 43.26 percent and 29.81 percent of the total. It was followed by the provinces of Dong Nai, Vinh Phuc and Binh Duong.

Among 423 firms named in the list for five years, 267 are non-State enterprises with tax payment making up 60.2 percent. State-owned enterprises came second with 71 whose State budget contribution accounted for 25.64 percent, and 77 foreign enterprises’ tax payment made up 13.32 percent.

Seven out of 16 taxation collections exceed yearly estimation

(BGO) – According to the Taxation Department in Bac Giang province, amid the impact of Covid-19 pandemic this year, seven out of 16 taxation collections exceeded the assigned yearly estimation.

Tax payment and land rent extension: Timely support for production and business

(BGO) – In late April, the Government issued Decree No. 52/2021/ND-CP on extending the deadlines for paying value added tax (VAT), corporate income tax (CIT), personal income tax and land rent in 2021. After more than 3 months of implementation in Bac Giang province, this policy is considered as a "remedy" to help businesses affected by the Covid-19 pandemic overcome difficulties and stabilize production and business.

Vietnam considers $933 mln tax break

The government is considering a VND21.3 trillion ($932.66 million) tax break, including value-added and corporate income tax, to boost economic recovery after the fourth Covid-19 wave.

Bac Giang exceeds yearly plan on import export taxation collection

(BGO) – According to the Customs Sub-Department controlling the industrial parks in Bac Giang province, the state budget collection has hit over 1,185 billion VND (52 million USD) so far, exceeding the assigned target and representing over 154 percent of the year on year figure.

Bac Giang defers tax payments to over 900 businesses

(BGO) - Implementing Government’s Resolution No. 52/2021/ND-CP on April 19, 2021, the Taxation Department in Bac Giang province popularized to local businesses about payment period extension for value added tax, business income tax, individual income tax and land lease fees.

Source: NDO/VNA