The National Assembly also allows Pacific Airlines Joint Stock Company to erase late payment fines and late payment fees calculated on tax debts arising according to decisions of competent tax authorities, outstanding until December 31, 2024.
The National Assembly also allows Pacific Airlines Joint Stock Company to erase late payment fines and late payment fees calculated on tax debts arising according to decisions of competent tax authorities, outstanding until December 31, 2024.
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| Closing session of the eighth session of the National Assembly - Photo: Duy Linh. |
On the afternoon of November 30, the National Assembly passed the Resolution of the 8th Session, deciding on solutions to continue to remove difficulties caused by the impact of the Covid-19 pandemic so that Vietnam Airlines Corporation (Vietnam Airlines) can soon recover and develop sustainably.
Specifically, Vietnam Airlines Corporation is allowed to offer additional shares to existing shareholders to increase charter capital with a maximum scale of VND 22,000 billion when only meeting the provisions at points a, c and d, Clause 2, Article 15 of Securities Law No. 54/2019/QH14.
In which, in phase 1, the Government is allowed to assign the State Capital Investment Corporation to represent the Government in investing in purchasing shares at Vietnam Airlines Corporation under the right to purchase shares of state shareholders (the State Capital Management Committee at enterprises is the agency representing the capital of state shareholders) by transferring the right to purchase when Vietnam Airlines Corporation implements the plan to increase charter capital in phase 1 with an issuance scale of 9,000 billion VND.
Phase 2 approves the policy and assigns the Government to direct the implementation of the plan (including the plan for the State to transfer the right to purchase shares to enterprises) with a maximum issuance scale of VND 13,000 billion; in case of any problems, continue to report to the competent authority.
The National Assembly also allows Pacific Airlines Joint Stock Company to waive late payment fines and late payment fees calculated on tax debts arising under decisions of competent tax authorities, which are still owed until December 31, 2024. Pacific Airlines Joint Stock Company is responsible for paying all outstanding tax debts (principal debt) before December 31, 2024. After the above deadline, the tax authority will calculate late payment fees, urge and apply enforcement measures in accordance with regulations.
The Resolution stipulates that the Government is fully responsible for the data and content of the proposed plan; at the same time, it clearly defines the responsibilities of agencies and organizations in implementing the commitments to the National Assembly on the effectiveness of the implementation of these solutions. The State Audit shall conduct audits according to the tasks assigned in the Resolutions of the National Assembly, including reviewing and arranging in the 2024-2025 audit plan the audit of financial statements and management and use of State capital and assets at Vietnam Airlines Corporation, etc., promptly making recommendations to competent authorities and Vietnam Airlines Corporation to avoid loss and waste of State support resources and contribute to improving the efficiency of production and business activities of Vietnam Airlines Corporation.
Thus, in two consecutive sessions this year, the National Assembly decided to remove difficulties for Vietnam Airlines.
At the end of June 2024, through a joint resolution of the 7th Session, the National Assembly agreed to extend the repayment period for the refinancing loan for Vietnam Airlines. Specifically, the State Bank automatically extended the repayment period for the national airline's VND4,000 billion loan three times to overcome immediate difficulties.
The extension period each time is equal to the first recapitalization period, the total duration of the recapitalization extensions is a maximum of 5 years (including 2 extensions under Resolution 135 of the National Assembly).
At that time, the National Assembly assigned the Government to direct the State Capital Management Committee at enterprises and Vietnam Airlines to develop a comprehensive development strategy and promptly complete a comprehensive plan of solutions to remove difficulties for the airline to recover soon and develop sustainably.
In addition, the Government also needs to accelerate the comprehensive restructuring of Vietnam Airlines, clearly defining the responsibilities of agencies in implementing the commitment to the National Assembly on the effectiveness of the implementation of the refinancing lending solution. Agencies should increase inspection, auditing, and supervision to ensure the implementation of this solution in accordance with regulations.
Previously, in Resolution 135 of 2020, the National Assembly allowed the State Bank to refinance and extend the loan term no more than twice for credit institutions to lend additional capital to Vietnam Airlines Corporation to serve production and business activities.
Source: https://baodautu.vn/vietnam-airlines-tiep-tuc-duoc-quoc-hoi-go-kho-d231393.html
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