Currently, there are 790,000 businesses and millions of individuals paying taxes in Vietnam. However, this year, General Department of Taxation only selected 30 typical enterprises in associating with 30 years of unification of the tax industry in the country.
On the afternoon of May 5, the General department of taxation held a ceremony to honor taxpayers and announced the activation of a system of 479 information channels supporting tax procedures through the E-tax website.
At the ceremony, Minister of Finance Dinh Tien Dung awarded extraordinary certificates of merit to 30 enterprises with outstanding achievements in obeying the tax law and well-performing tax obligations to the state budget.
According to the announced list, there are familiar names such as Viettel Group of Industry – Telecommunications
(Viettel); Binh Son Refining and Petrochemical Joint Stock Company
(BSR); Vietnam Electricity
(EVN) Joint Stock Commercial Bank for Foreign Trade of Vietnam
(Vietcombank); Vietnam Airlines
; Vietnam Posts and Telecommunications Group
(VNPT) Samsung Electronics Vietnam Co., Ltd
; Nestle Vietnam Co., Ltd.; Truong Hai Auto Corporation
(THACO); Vingroup Joint Stock Company
Deputy Director-General of the General Department of Taxation Vu Chi Hung said that in order to ensure publicity and transparency, the Vietnam Chamber of Commerce and Industry (VCCI), Vietnam Tax Advisory Association (VTCA) were invited to participate in the process of reviewing and evaluating information to choose 30 most outstanding taxpayers in the country.
Criteria to vote typical taxpayers given by the General department of taxation consist of contributing an abundant amount of the achievements to the socio-economic development of the country such as creating more jobs for workers; bringing a lot of added value for the economy through the revenue from production and business activities; achieving a large annual export turnover, bringing a lot of foreign currency to the country, promoting Vietnamese brands to the world; paying a lot of taxes to the State Budget every year and having a good history of adhering to tax laws.
According to Mr. Hung, taxpayers will be classified into three main components: State-owned, Non-state owned, and Foreign direct investment (FDI) enterprises. The choice is based on the achievement of each enterprise during many years in a row, not just the last 1-2 years in which, the criterion of paying more tax to the budget is an important indicator but not a decisive criterion.
Besides, taxpayers must belong to the group of good compliance, not in the group with high tax risk, or high tax risk.
Translated and edited by VietnamCredit