Big C has paid 500 billion vnd for Transfer Tax

In repurchasing the Big C supermarket, the Central Group has declared the total amount of tax they must pay is 2,034 billion vnd. In particular, Transfer Tax when they repurchase Big C is 1,914 billion vnd and 120 billion vnd in tax arising from production and business activities since 2008.

Currently, Taxation has collected 500 billion vnd in Transfer Tax from this Group. The remaining amount (1,534 billion vnd) the Central Group has committed to pay before August 30, 2016.

On April 29, 2016, the Casino Group (France) sold Big C to the Central Group (Thailand). The transfer value was 1 billion euros, equivalent to about 23,000 billion vnd.

As per regulations, the capital transfer of Big C supermarket in Vietnam attracts Enterprise income tax at the rate of 20%.

Recently, the General Department of Taxation issued a document to propose Big C Thang Long hypermarket International Trade and Services Co Ltd complete the Enterprise income tax payment of the capital transfer of Big C.