Sabeco is proposed to collect nearly 2,500 billion VND in taxes

Saigon Beer - Alcohol - Beverage Corporation (Sabeco) has just been requested by the Government Inspectorate to collect nearly 2,500 billion VND in special consumption tax.

According to the recommendations in the inspection conclusionRegarding the compliance with policies and laws in operations, inspection, and prevention of budget loss with the Ho Chi Minh City Tax Department, the Government Inspectorate proposedCollect and pay additional tax to the budget for the increased tax amount discovered during inspections from 2010 to 2014 of Sabeco, nearly 2,480 billion VND.

This is the amount due to change.tax calculation price from Saigon Beer Trading Company Limited to Sabeco Regional Trading Joint Stock Company.The Government Inspector said,The proposed amount of special consumption tax to be collected this time has been deducted from the State Audit's proposed amount for collection in 2013.

Sabeco has just been requested by the Inspectorate to collect nearly 2,480 billion VND in taxes.

The inspection agency requested the Ministry of Finance to direct the General Department of Taxation and the Ho Chi Minh City Tax Department to implement.

In early 2015, the State Audit also recommended collecting nearly VND409 billion in 2013 special consumption tax from Sabeco. In addition to this amount, in 2015, the Ministry of Finance also collected an additional VND1,000 billion in special consumption tax and other corporate income from Sabeco from previous years.

At the 2016 Annual General Meeting of Shareholders on May 27, Mr. Vu Thanh Ha, Chairman of Sabeco's Board of Directors, revealed that the special consumption tax adjustment from 50% to 55% starting from 2016 will cause the company to lose an additional VND942 billion due to the tax increase and Sabeco has allocated VND1,500 billion for special consumption tax.

It is expected that in 2016, Sabeco will have to pay about 15,000 billion VND in taxes, of which the parent company will pay 6,500 billion VND, and the rest will be paid by affiliated companies.

According to the plan, Sabeco will be listed on the stock exchange at the end of 2016. The divestment roadmap at Sabeco will be divided into 2 phases: Phase 1 will divest 53.59% of charter capital, equivalent to 24,500 billion VND in 2016. Phase 2 will divest the remaining 36%, equivalent to 16,000 billion VND in 2017, after Sabeco has been listed on the stock exchange.

According to VNE