Military Industry – Telecommunication Group is the largest tax payer, ranked number 1 in list of 1,000 largest tax payers in Vietnam in 2021 announced by the General Department of Taxation.
Deputy General Director of General Department of Taxation Phi Van Tuan has just announced list of 1,000 largest corporate income tax payers in 2021 (V1000).
According to this list, the Military Industry – Telecommunications Group (Viettel) is the largest tax payer, ranked No.
It is known that in 2021, Viettel has more than 40,000 employees and has the best business results in the industry with revenue of more than 270,000 billion VND, profit of more than 40,000 billion VND, paying nearly 32,000 billion VND to the budget. Viettel brand value increased 32 places with a value of 6.06 billion USD, ranked 325th globally.
Viettel is the largest tax payer ranked No. 1 in list of 1,000 largest tax payers in Vietnam in 2021.
The next big tax payers include Joint Stock Commercial Bank for Foreign Trade of Vietnam; Green City Development Joint Stock Company; Vietnam Technological and Commercial Joint Stock Bank; Joint Stock Commercial Bank for Industry and Trade of Vietnam; Honda Vietnam company; CP Vietnam Livestock Joint Stock Company; Vietnam Prosperity Joint Stock Commercial Bank; Gia Lam Urban Development and Investment Company Limited; Bank for Agriculture and Rural Development of Vietnam; Samsung Electronics Vietnam Co., Ltd. Thai Nguyen…
According to the General Department of Taxation, the criteria for determining the ranking list of V1000 enterprises paying the largest corporate income tax in 2021 are determined according to 2 criteria:
Firstly, the enterprises selected to be included in the ranking list are enterprises established under Vietnamese law, foreign enterprises, and other organizations engaged in production and business activities with incomes subject to corporate income tax according to the provisions of the Law on Corporate Income Tax (CIT).
Second, the corporate income tax rate is the total amount of CIT paid to the state budget in 2021. Enterprises with branches and affiliated units (granted a 13-digit affiliated unit tax code) include the paid CIT amount of the head office and branches and affiliated units.
The list of 1,000 businesses is ranked in order of the amount of corporate income tax paid in the year from highest to lowest.
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Source: Vietnam Insider