Allocation of State Budget for State-Owned Enterprises (100% State Capital)

05:00, 11/07/2024

On April 11, 2016, the Ministry of Finance issued Circular 61/2016/TT-BTC, specifically stipulating the allocation of the state budget for enterprises with 100% state-owned capital.

The allocation of the state budget of wholly State-owned enterprises is stipulated in Circular 61 as follows:

- The remaining post-tax profit after setting up funds and paying the state budget according to this Article of central enterprises is allocated 100% to the central budget. The enterprise shall deposit into the state budget revenue account opened at the Central State Treasury Transaction Office.- The remaining post-tax profit after setting up funds and paying the state budget of local enterprises is allocated 100% to the local budget. The enterprise shall deposit into the state budget revenue account opened at the provincial/state-city State Treasury where the enterprise's head office is located.

For detailed information, see Circular 61/2016/TT-BTC, effective from May 26, 2016.

-Thao Uyen-

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