HCM City: collect arrears and sanction over 750 billion VND from tax inspection

Transaction at HCM City Tax Department. Photo: Nguyễn Huế

In that, HCM City Tax Department has conducted office audit at tax department for 33,330 tax declaration d, reduced by 18 % over the same period, the amount of additional tax declaration was 2.6 billion VND, equal to 24% over the same period in 2017.

The Tax Department also conducted on site audits at the headquarters for 4,131 turns of businesses, up 14% over the same period, reaching 21% of the plan in 2018. Taxes collected was 384.7 billion, up 8% over the same period; deducted value added tax was 44.2 billion, a loss reduction of 1,718.6 billion VND.

Regarding the inspection, in the first quarter, the HCM City Tax Department conducted inspections of 271 dossiers, a decrease of 10% over the same period. The tax arrears and sanctions were 365.97 billion VND, reduced by 41% over the same period, deducted by 121.9 billion VND; reduced losses by 2,698.13 billion VND.