HEV: Explanation for difference in Audited financial statement 2012 and Financial statement 2012

On 11/3/2013, Higher Educational and Vocational Book JSC explained difference in income tax payable in the audited financial statement 2012 and financial statement 2012

-      Income tax payable 2012 in financial statement 2012: VND204,499,903

-      Income tax payable 2012 in audited financial statement: VND376,465,528

-      Difference:                                                                    VND171,965,625

Reasons for the difference:

1. In financial statement 2012, 10% tax rate was applied in calculating income tax payable (tax deduction of 30% for SMEs)

2. In audited financial statement 2012, 25% income tax rate was applied in calculating financial income and 25% income tax rate was applied in calculating other income (tax deduction of 30% for SMEs)

HNX

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