Dividends and Profits Payable to the State Budget

05:00, 11/07/2024

This is a notable provision stipulated in Circular 61/2016/TT-BTC issued by the Ministry of Finance on April 11, 2016.

Circular 61 stipulates that the following types of dividends and distributed profits must be submitted to the state budget, including:

- Dividends distributed during the fiscal year (including the provisional dividends of the fiscal year distributed during the year and the dividends of previous years distributed during the fiscal year) for the state capital portion according to the Resolution of the General Meeting of Shareholders or the Board of Directors of the joint-stock company;- Profits distributed during the fiscal year (including the provisional profits of the fiscal year distributed during the year and the profits of previous years distributed during the fiscal year) for the state capital portion according to the Decision of the Board of Members of the limited liability company with two or more members.

See details at Circular 61/2016/TT-BTC effective from May 26, 2016.

- Thao Uyen -

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