The General Department of Taxation (GDT) has announced the list of the top 1,000 corporate income taxpayers (V1000) in Viet Nam in 2020.

According to the GDT’s statistics, enterprises in the list contributed over VND145.93 trillion (US$6.31 billion) to the State budget, accounting for 62.4 per cent of the total State revenue from corporate income taxes and equivalent to 103.74 per cent of that paid by those in the 2019 V1000 list.

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

Ha Noi and HCM City took the lead with 109 and 134 taxpayers, respectively. Their tax contributions accounted for 43.26 per cent and 29.81 per cent 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 per cent. State-owned enterprises came second with 71 whose State budget contribution accounted for 25.64 per cent, and 77 foreign enterprises’ tax payment made up 13.32 per cent. — VNS