Thursday, August 17, 2017 - 2:45:20

Over 85 million USD in tax collected in METRO deal

VNA Print

METRO Cash & Carry has 19 wholesale centres in Vietnam (Photo: VNA)

Hanoi (VNA) – More than 1.91 trillion VND (85.1 million USD) 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 percent 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 710 million USD).

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 507 billion VND (22.6 million USD) in tax arrears.-VNA
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