TCBS completed additional payment of 4.1 billion VND, paid 2,904 billion VND in taxes for 2021-2022

On November 3, 2023, Techcom Securities Joint Stock Company (TCBS) announced that it had received Decision No. 1689/QD-TCT issued by the General Department of Taxation for the tax audit for the period 2021-2022. With this document, the company has proactively completed the additional payment to the state budget of a total of VND 4,114,580,865.

According to the announcement of the Ministry of Finance and the General Department of Taxation, TCBS is recognized as one of the Top 50 largest tax-paying enterprises in Vietnam for 3 consecutive years 2020, 2021, 2022. Every year, the General Department of Taxation, based on tax payment data on the tax management information system, compiles and compiles the V1000 list. The total corporate income tax paid by V1000 enterprises in 2022 accounts for 58.2% of the total budget revenue from corporate income tax. The General Department of Taxation said that the criteria for determining the V1000 ranking list in 2022 include: enterprises established under Vietnamese law, foreign enterprises, other organizations with production and business activities with income subject to corporate income tax according to the provisions of the Law on Corporate Income Tax.

At the event in mid-October 2023, the Ministry of Finance said that it had worked with the Tax sector to focus on consulting on many solutions to reduce and extend taxes and fees to remove difficulties for businesses in the context of the Covid-19 outbreak in 2021. In 2022 and 2023, policies to support businesses are still being continued.

TCBS in the Top 46 largest tax-paying enterprises in Vietnam

Source: Ministry of Finance and General Department of Taxation

Along with being recognized for 3 consecutive years as one of the largest tax-paying enterprises in Vietnam, TCBS has always proactively focused on "customer-centricity" to implement comprehensive digitalization, in order to optimize customer experience. In the period from 2020 to 2022, which is special due to the impact of the prolonged Covid-19 pandemic, TCBS has pioneered the implementation of the financial technology digitalization strategy (Wealthtech). From January 1, 2023, TCBS has officially launched the Zero Fee program - free securities transactions on the TCInvest digital platform, and free selection of beautiful account numbers according to customers' preferences. Along with that, TCBS representative said that the system integration with KRX will be completed before the deadline prescribed by the Securities Commission in December 2023, bringing outstanding features such as the ability to perform intraday transactions.

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