TCBS paid 1,283 billion VND in taxes in 2023, completed additional payment of 3.38 billion VND

TCBS paid 1.283 billion VND in taxes in 2023, and completed the additional payment of 3.38 billion VND.

According to a document from the General Department of Taxation dated June 14th, Techcombank Securities Joint Stock Company (TCBS) has completed the payment of an additional 3.38 billion VND in taxes to the state budget, bringing the total amount of taxes paid in 2023 to 1,283 billion VND.

Previously, TCBS was named among the Top 50 of the 1,000 largest tax-paying enterprises (V1000) in Vietnam for three consecutive years from 2020 to 2022, as announced by the General Department of Taxation in October 2023.

The General Department of Taxation determines the V1000 ranking list based on the amount of corporate income tax paid by businesses to the state budget each year.

According to the General Department of Taxation, the 1,000 businesses on the list contributed 58% to the total corporate income tax revenue.

TCBS has been named among the Top 50 of the 1,000 largest tax-paying enterprises (V1000) in Vietnam for three consecutive years (2020-2022).

During the same three-year period (2020-2022) when it recorded the highest tax payments in Vietnam, TCBS aimed to be a pioneer in digitalization to optimize customer experience. TCBS pursued a business model different from traditional securities companies by not employing brokers but instead investing in core fintech capabilities and focusing on customer experience.

The implementation of the Zero Fee transaction policy, free selection of attractive account numbers, and the most attractive margin loan rates on the market, starting from only 7.89%/year for customers who have never taken out a loan at TCBS, has helped the company's securities brokerage market share continue to accelerate spectacularly, climbing to the Top 3 securities companies with the largest stock brokerage market share at 6.56% on the HoSE exchange and Top 2 (7.8%) on the HNX exchange. TCBS leads the market in outstanding margin loans at the end of Q1/2024 with VND 19,087 billion, an increase of 107% compared to the same period in 2023.

Source: https://baodautu.vn/tcbs-dong-1283-ty-dong-tien-thue-nam-2023-hoan-tat-nop-bo-sung-338-ty-dong-d217693.html