Suddenly becoming a director of a billion-dollar tax debt company: What did the General Department of Taxation say?

08:37 | 08/05/2021 Finance Follow english.haiquanonline.com.vn on

VCN - Tax authorities are working with an individual from Quang Binh on the case of suddenly becoming a director of a large tax debt company.

5255-3723-thue-vat-1533290528980402461597

The Tax sector is focusing on strictly managing line of selling invoice of “bogus companies”. Source: Internet

Recently, the press has reflected on the situation that some individuals have petitioned for help to the authorities when they discovered that they had suddenly become a director of a bogus company, owing a billion VND of tax debt.

Nguyen Van Thuc (was born in Quang Binh, temporarily residing in Ba Ria - Vung Tau) suddenly became the director of Mai Huong Trading and Transport Service Co., Ltd which registered to pay tax at Regional Tax Branch of District 7 and Nha Be district. Notably, in the note column, this company stated that it was "not active at the registered address".

Responding to this, the General Department of Taxation said the granting of business registration certificates was implemented by the Department of Planning and Investment.

On February 21, 2017, according to data of the Department of Planning and Investment of HCM City transmitted to the tax management system (TMS), Mai Huong Trading and Transport Services Co., Ltd. registered to change information of legal representative from Nguyen Thi Huong to Nguyen Van Thuc.

As of June 7, 2017, Regional Tax Branch of District 7 and Nha Be district publicised information that the taxpayers were no longer working at the registered address for Mai Huong Company and sent information to Police Criminal Investigation on Economic Order and Position Team of District 7.

According to data from the tax authority, Mai Huong Company owes more than VND 1.5 billion of tax debt. The above debt arose from the time Nguyen Thi Huong was still the legal representative.

Therefore, Regional Tax Branch of District 7 and Nha Be district applied coercive measures of tax debt by proposing the Department of Planning and Investment of HCM City revoke the business registration certificate.

On April 7, 2021, Regional Tax Branch of District 7 and Nha Be district worked with officials of the Economic Security Department of HCM City Police regarding to the tax registration and declaration of Mai Huong Company. At the same time, contacting Nguyen Van Thuc via phone but the working day was not confirmed. The tax branch also issued an invitation letter to Nguyen Van Thuc to work on content related to Mai Huong Company.

By Thùy Linh/Thanh Thuy

Tags:

Related News

Reform the tax debt management process

14:12 | 20/03/2023 Customs

VCN – On March 16, the General Department of Vietnam Customs (GDVC) held an online conference on disseminating and training the process of tax debt management for units in the entire Customs sector to understand and agree on guidelines.

Customs handles tax debt: From flexibility to rigour – Final part: Putting tax debt to the lowest rate

12:38 | 18/03/2023 Customs

VCN - For many years, the tax management system of Customs still has to "hang" the bad debt of the enterprises which are "missing and absconding" from the registered business address. This situation has made the handling work difficult and time-consuming for Customs officers, and the Process of completing the debt cancellation dossier is equally "disordered". To remove the "bottleneck", the General Department of Vietnam Customs has issued a process to manage tax debt and other receivables for import and export goods to handle it completely. In addition, many local customs units also actively recommend eliminating and reducing the tax debt to the lowest level.

Customs handles tax debt: flexibly and rigorously- Part 2: Why is the effectiveness of coercive measures not high?

14:37 | 10/03/2023 Customs

VCN - In addition to seven coercive measures to enforce administrative decisions on tax administration for tax debtors specified in Article 125 of the Law on Tax Administration 2019, one of the "stronger" measures taken by the Customs sector for tax debtors is the suspension of exit for the legal representative of the enterprise. However, the effect is still not as expected.

Customs handles tax debt: flexibly and rigorously- Part 1: Diversity of tax debts

12:08 | 05/03/2023 Customs

VCN - According to Article 55 of the Law on Tax Administration 2019 stipulating the tax payment deadline, enterprises are allowed to apply for a 90-day grace period when importing and exporting taxable goods.

Latest News

Corporate bonds worth 1.1 billion USD issued in March

13:55 | 06/04/2023 Finance

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.

Tax revenue is estimated at VND 426,922 billion in the first quarter

09:56 | 06/04/2023 Finance

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion, equaling 30.9% of the estimate, up 5.3% over the same period in 2022.

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

14:47 | 04/04/2023 Finance

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.

Central bank starts huge credit package for social housing projects

14:42 | 04/04/2023 Finance

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

More News

In Q1, State revenue estimated to rise by 1.3%

13:28 | 04/04/2023 Finance

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.

Consider raising the level of penalties to ensure fairness and transparency in the stock market

13:27 | 04/04/2023 Finance

VCN - Mr Pham Hong Son, Vice Chairman of the State Securities Commission, discussed solutions to improve the capacity, improve fairness and transparency of the stock market.

Central bank cuts policy interest rates to spur growth

17:43 | 02/04/2023 Finance

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.

Ensure policies to attract investment when implementing global minimum tax

10:33 | 02/04/2023 Finance

VCN - On the afternoon of March 30, in Hanoi, the Ministry of Finance held a regular press conference in the first quarter of 2023, chaired by Deputy Minister of Finance Nguyen Duc Chi. Many issues related to the tax field were discussed and answered at the conference.

SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

20:30 | 01/04/2023 Finance

The State Bank of Vietnam (SBV) has suggested the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.

Solutions to attract FDI when implementing the global minimum CIT

11:38 | 01/04/2023 Finance

VCN - On March 29, the Vietnam International Arbitration Center (VIAC) and the Center for International Integration, the Ho Chi Minh City Institute for Development Studies, jointly held a seminar on Global Minimum Corporate Tax – outlook and challenges in attracting foreign investment (FDI) in Ho Chi Minh City.

Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

13:43 | 31/03/2023 Finance

VCN – The promulgation of Vietnam's Decree on Vietnam's special preferential import tariff to implement the Vietnam-Cuba Trade Agreement for 2022-2027 creates a stable and open legal framework, facilitates import and export activities, brings expected great benefits to the business community of the two sides, promote two-way trade turnover and develop Vietnam-Cuba trade relations.

Being many "hot" issues at the general meeting of shareholders of banks

09:24 | 30/03/2023 Finance

VCN - International Commercial Joint Stock Bank (VIB) will be the first bank to hold a general meeting of shareholders this week, and then April will be the "peak" for banks to deploy.

Bringing the policies on reducing land rent and water surface rent into life

15:41 | 29/03/2023 Finance

VCN - The tax sector is drastically implementing dissemination and support to make the policy of reducing land rent and water surface rent in 2022 fully effective.

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.

Latest Most read