Over US$85 million in tax collected in METRO deal
More than VND1.91 trillion (US$85.1 million) in tax was collected in METRO Group’s sale of METRO Cash & Carry Vietnam, Minister of Finance Dinh Tien Dung said on January 14.
Up to 22% of the sum will be allocated to Ho Chi Minh City, where METRO Cash & Carry Vietnam Co. Ltd is headquartered, and the rest will be kept in the State budget.
The Germany-based METRO Group said Thailand’s TCC Group bought all METRO Cash & Carry facilities in Vietnam, including 19 wholesale centres and related real estate worth 655 million EUR (over US$$710 million).
Minister Dung said the financial sector made great efforts to collect the tax payment in this deal.
Earlier, tax inspectors detected a number of violations at METRO Cash & Carry Vietnam and asked to collect VND507 billion (US$22.6 million) in tax arrears.
The Germany-based METRO Group said Thailand’s TCC Group bought all METRO Cash & Carry facilities in Vietnam, including 19 wholesale centres and related real estate worth 655 million EUR (over US$$710 million).
Minister Dung said the financial sector made great efforts to collect the tax payment in this deal.
Earlier, tax inspectors detected a number of violations at METRO Cash & Carry Vietnam and asked to collect VND507 billion (US$22.6 million) in tax arrears.