The Big C supermarket chain in Vietnam consists of 32 supermarkets, hypermarkets and trade centers spreading many provinces and cities. According to the General Department of Taxation, Thai Central Group, which recently acquired the supermarket chain Big C from the Casino Group (France), declared and paid part of the transfer tax. The tax agency is also inspecting costs and other tax obligations of the Big C system. The transfer of Big C system between Casino Group (France) and Central Group (Thailand) took place in April 2016 with a total transaction value amounted to Eur920 million, equivalent to $1, 05 billion. Thailand’s Central Group pays nearly $25 million in Big C deal transfer taxVietNamNet Bridge - Central Group, a conglomerate from Thailand, has paid VND500 billion (nearly $25 million) of the total VND2,034 billion (nearly $100 million) of taxes that it has to pay to the Vietnamese government, including transfer taxes of VND1,914 billion for its acquisition of Big C supermarket chain and VND120 billion of taxes incurred during its production and business process since 2008.

Source: VietNamNet News August 05, 2016 03:11 UTC