Removing difficulties and classification problems for SOEs participating in contributing and supporting COVID-19 pandemic prevention and control

DNHN - State-owned enterprises (SOEs) that contribute to the COVID-19 Vaccine Fund and support the prevention and control of the COVID-19 pandemic are excluded from contributions and support for the prevention and control of the pandemic when calculating performance evaluation criteria, classify enterprises according to the provisions of Decree No. 87/2015/ND-CP dated October 6, 2015.

On July 18, 2022, the Government issued Resolution 87/NQ-CP on removing difficulties and obstacles related to classification for SOEs participating in contributing to and supporting the prevention and control of the COVID-19 pandemic.

The Government has agreed that SOEs participating in contributing to the COVID-19 Vaccine Fund and supporting the prevention and control of the COVID-19 pandemic will be excluded from contributions and support for pandemic prevention and control when calculating performance evaluation criteria and classification of enterprises according to the provisions of Decree No. 87/2015/ND-CP dated October 6, 2015, on supervision of state capital investment in enterprises, financial supervision, evaluate the operational efficiency and publicize financial information of SOEs, specifically as follows:

Subjects of application: SOEs are subject to compliance with the provisions of Clause 3, Article 2 of Decree No. 87/2015/ND-CP dated October 6, 2015, of the Government on supervision of state capital investment in enterprises, financial supervision, performance evaluation and disclosure of financial information of state-owned enterprises.

The scope of consideration and exclusion includes Expenses and contributions for pandemic prevention and control with full records as prescribed in Decree No. 44/2021/ND-CP dated March 31, 2021, of the Government on deductible expenses when determining corporate income taxable income for support and sponsorship expenses of enterprises and organizations for COVID-19 prevention and control activities.

The resolution clearly states that the exclusion when calculating the performance evaluation criteria and business classification is done according to the principle that contributions and favours that affect the performance of any year are excluded when evaluating and classifying enterprises that year.

This Resolution takes effect from the date of signing and promulgates, applicable to the performance evaluation and business classification in 2021 and 2022.

PV