Many enterprises strong-armed into paying tax to State budget
Tax debt dossiers at HCM City Customs Department. Photo: T.H |
The Investment Customs Branch, or HCM City Customs Department, has allowed two businesses, the Kim An Trading Production Co., Ltd. (Tan Binh district, Ho Chi Minh City, tax code: 0302492118) and Cu Chi Biochemical Fertilizer Joint Stock Company (Cu Chi district, Ho Chi Minh City, tax code: 0302271091), to trade again, after those businesses fully paid their outstanding tax amount to the State budget.
Previously, in May 2021, the Investment Customs Branch decided to stop the customs activity of the Kim An Trading Production Co., Ltd., as the enterprise owed a debt for more than 90 days, with an amount of over VND380 million.
Similarly, in July 2021, the Cu Chi Bio-Chemical Fertilizer Joint Stock Company also landed itself a coercive measure to stop carrying out imports and exports procedures. The business had owed tax debt more than 90 days, with a debt to the tune of over VND320 million.
Besides the above cases, according to the Investment Customs Branch, in August 2021, they had to issue three other bans due to similarly large tax debts.
Specifically, after the Investment Customs Branch issued a decision on tax enforcements, dated July 14, 2021, the Mega Chemical Co., Ltd. (tax code 0314578722, address: 68 Nguyen Hue, Ben Nghe ward, District 1, Ho Chi Minh City) has fully paid over VND 3.55 billion into the State budget, the Truong Khai Investment Development Company Limited (tax code 0313705294, address: 1st Floor, Packsirnex Building, 52 Dong Du, Ben Nghe Ward, District 1, Ho Chi Minh City) has fully paid over VND 300 million to the State budget. The Investment Customs Branch has issued decisions to reinstate import/export activity for these companies.
The Investment Customs Branch also issued a decision to terminate Decision No. 954/QD-DT, dated June 2, 2021, that previously banned Woogwang Vina Co., Ltd., (tax code 0302871807; address: Lot B25-B26, B3 Road, Industrial - Small Crafts Complex Industry, Xuan Thoi Son commune, Hoc Mon district, Ho Chi Minh City). This company has now fully paid VND 172 million in overdue tax debt to the State budget.
However, There are many cases of huge tax debt. The Industrial Construction Joint Stock Company (address: 146 Nguyen Cong Tru Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, tax code: 0302620641), holds a tax debt of over VND 260 billion.
The Tay Nam SWP Petroleum Company Limited (address: No. 26, No. 6A Street, Trung Son Residential Area, Binh Hung Commune, Binh Chanh District, Ho Chi Minh City, Tax Code: 0315022575), has a tax debt of VND 18 billion.
Talking to us, Mr. Nguyen Xuan Binh, Director of the Investment Customs Branch, said that “the decisions on enforcing the suspension of customs procedures for exports and imports are only made effective for enterprises which are engaged in import and export activities. For the cases where they are not arising imports and exports, this coercive measure will have no effect on tax debt recovery.”
Related News
HCM City Customs Department collects 280 billion of tax debts
20:56 | 25/03/2023 Customs
Customs handles tax debt: flexibly and rigorously - Part 3: Difficult to collect and write off tax debts
10:23 | 17/03/2023 Customs
Customs answer enterprises' questions to make use of the advantages of FTAs
10:09 | 13/03/2023 Customs
Customs handles tax debt: flexibly and rigorously- Part 2: Why is the effectiveness of coercive measures not high?
14:37 | 10/03/2023 Customs
Latest News
Vietnam ready to export first batch of sweet potatoes to China
13:57 | 06/04/2023 Anti-Smuggling
23 customs offences prosecuted
09:56 | 06/04/2023 Anti-Smuggling
Customs seizes 20 drug-related offences
10:23 | 05/04/2023 Anti-Smuggling
Transnational drug crime remains complicated
09:52 | 03/04/2023 Anti-Smuggling
More News
Proactively control counterfeit goods and infringing intellectual property rights
10:32 | 02/04/2023 Anti-Smuggling
Hai Phong Customs proactively prevent contraband
11:39 | 01/04/2023 Anti-Smuggling
Transnational drug crime complicated
13:41 | 31/03/2023 Anti-Smuggling
COVID-19 drug-related trafficking prosecuted
09:23 | 30/03/2023 Anti-Smuggling
Prosecute a case of smuggling relating to importing medicines for Covid-19 treatment
15:39 | 29/03/2023 Anti-Smuggling
Consignments of over 600 tons of used oil are allowed for import or not?
10:20 | 29/03/2023 Anti-Smuggling
Lang Son: Launching several solutions to prevent smuggled dirty food
10:12 | 28/03/2023 Anti-Smuggling
Strictly control goods in transit, temporarily imported goods for re-export, goods deposited in bonded warehouses to prevent fraud
13:44 | 27/03/2023 Anti-Smuggling
Establishing an interdisciplinary working group to inspect, enhance anti-smuggling work
10:23 | 23/03/2023 Anti-Smuggling
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Vietnam ready to export first batch of sweet potatoes to China
13:57 | 06/04/2023 Anti-Smuggling
23 customs offences prosecuted
09:56 | 06/04/2023 Anti-Smuggling
Customs seizes 20 drug-related offences
10:23 | 05/04/2023 Anti-Smuggling
Transnational drug crime remains complicated
09:52 | 03/04/2023 Anti-Smuggling
Proactively control counterfeit goods and infringing intellectual property rights
10:32 | 02/04/2023 Anti-Smuggling