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Nineteen State-owned enterprises estimate pre-tax profit of over 2 bln USD
Pre-tax profit of parent companies of 19 corporations and parent companies under the Commission for Management of State Capital at Enterprises (CMSC) is estimated to reach 50.36 trillion VND (2.08 billion USD) in the first nine months of the year.
This figure exceeds the annual target by 20%.
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Nineteen corporations and parent companies under the Commission for Management of State Capital at Enterprises (CMSC). |
Information from the CMSC shows that the total revenue of parent companies of 19 corporations and parent companies, including EVN and Vietnam Airlines, is estimated at 971,593 billion VND in the first nine months of this year, up 15% over the same period, achieving 83% of the annual plan.
The value of payment to the State budget is estimated at nearly 63 trillion VND, equivalent to the same period and exceeding the plan by 15%.
The total consolidated equity is estimated at over 1.5 quadrillion VND by the end of last month.
The finance ministry has suggested lowering the corporate income tax rate from 20% to 15-17% for micro and small enterprises with annual revenues of less than VND50 billion (US$1.99 million).
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BAC GIANG - Since the beginning of the year, the Customs Department controlling the Industrial Parks in Bac Giang (Customs Department) province has collected more than 1,318 billion VND (56 million USD) in import and export taxes, increasing nearly 43% over the same period last year and reaching nearly 78% of the yearly plan.
The US Department of Commerce (DOC) has ended in its entirety the probe into trade remedy tax evasion on wooden cabinets imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade.
The corporate income tax on small and micro-sized enterprises might be cut to 15-17% from a current common rate of 20%, depending on previous revenues.
The General Department of Taxation of Vietnam and the Federal Taxation Service of the Russian Federation signed a Memorandum of Understanding (MoU) on bilateral cooperation in Hanoi on June 20.
Payment deadlines for value added tax (VAT), corporate income tax, personal income tax, and land rent in 2024 are set to be extended, involving a total tax value of nearly 84 trillion VND (3.3 billion USD).
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