EID: Explanation for the auditor\u2019s opinion in reviewed semi-annual FS 2013

(Aug. 26, 2013) Hanoi Education Development and Investment Joint Stock Company explained the auditor’s opinion in reviewed semi-annual FS 2013 as follows:

According to Circular No. 123/2012/TT-BTC dated 07/27/2012, the Company is subject to preferential duties of 10% during its operation. To make sure of accuracy in the accounting, the company (Vietnam Education Publishing House) directly sent document to the Ministry of Finance to get guidance for implementation. However, at the time of issuing the audit report of 2012, there had not had any guidance; the Company paid the corporate income tax of 25% as the current provision. On 29 May 2013, the Ministry of Finance replied to the document, in which, the partly publishing income applied the corporate income of 10%. As a result, the Company adjusted a decrease from 25% to 10% with the amount of VND 3,876,192,763.

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