Big real estate enterprises owe big tax debts

07:14 | 09/09/2018 Finance Follow english.haiquanonline.com.vn on

VCN - Of more than 300 tax debtors announced by the Tax Department of Ho Chi Minh City, there are many big real estate enterprises

	Hai Phong Customs handled and recovered VND 236 billion of tax debts
	Many large real estate companies owe billions in taxes
	Ho Chi Minh City Tax Department has publicized 1,258 enterprises delaying in tax debt payment

big real estate enterprises owed big tax debts

A project by Van Phat Hung Company. Source: Internet

Ho Chi Minh City Tax Department recently announced a list of 333 tax debtors, with the total amount of tax debts, fines and late payment interest of nearly VND 300 billion. Of which, there are quite a lot of real estate enterprises that owe large amounts of tax.

Van Phat Hung JSC, headquartered in District 7, Ho Chi Minh City, has a debt of VND 35.1 billion as of 30th June 2018. At present, Ho Chi Minh City Tax Department has applied coercive measures by preventing the use of invoices by this company.

The second biggest tax debtor is Cotec Investment and Construction JSC (District 1, HCM City) with a tax debt of VND 29.1 billion. In this case, Ho Chi Minh City Tax Department has requested the competent authorities to revoke the business registration certificate of this company.

Followed by Khai Hoan Land Real Estate JSC, headquartered in District 7, with a tax debt of VND 27.4 billion; Nhut Thanh Consultancy - Investment - Construction - Trade JSC, headquartered in Binh Chanh district with a debt of VND 17.5 billion; Thang Long Real Estate Trading Joint Stock Company in District 4 owes VND 9.8 billion; and Nam Trung Trading Construction Company in District 4 owes nearly VND 4.4 billion.

Earlier, during the announcement of tax debtors in early July, 2017, of the 1,258 companies owing tax debts, with a total debt of over VND 1,556 billion, many well-known real estate enterprises owe several billion to several tens of billion of tax.

HCM City: Announce list of enterprises owing nearly 300 billion VND of tax debt

VCN – HCM City Tax Department has published the list of 333 enterprises that owe tax debts ...

According to Mr. Le Duy Minh, Deputy Director of Ho Chi Minh City Tax Department, the Department has imposed coercive measures for the above tax debtors such as: Blocking their bank accounts to deduct to the State budget; preventing the use of invoices and requesting the competent authorities to revoke their business registration certificates.

By Le Thu/ Huyen Trang

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