FLC Tops the List of Tax Debts in Quang Binh Province with 277 Billion VND

FLC Corporation is renowned for being the investor behind the FLC Quang Binh project, covering nearly 2,000 hectares. This impressive venture was commenced in 2016, with a total investment of 20,000 billion VND.

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Recently, the Tax Department of Quang Binh province publicly released a list of 42 taxpayers who owe tax debts and other amounts owed to the state budget as of January 31, 2024, with a total amount of 769 billion VND. The reason for the Tax Department of Quang Binh province to publicly release the list of tax debtors is due to individuals violating the regulations of the Law on Tax Administration No. 38/2019 dated June 13, 2019, and Decree No. 126/2020 dated October 19, 2020 of the Government.

Among the list of publicly disclosed tax debtors, FLC Group (FLC) ranked first with an amount of over 277 billion VND. In addition, FLC Construction Joint Stock Company – a business within the FLC ecosystem, also appeared on the list with a tax debt of over 11.56 billion VND,…

In Quang Binh, FLC Group is known as the investor implementing the FLC Quang Binh project with a scale of nearly 2,000 hectares, which was commenced in 2016. The construction site is located in Hai Ninh commune (Quang Ninh district) and Hong Thuy commune (Le Thuy district) of Quang Binh province.

The project is planned to be divided into 3 zones: SeaHorse zone, SeaPearl zone, and SeaStar zone, with items such as: 5-star hotels and resorts, a complex of interconnected golf courses, an international conference center, and a series of seaside entertainment areas… This project is estimated to have a total investment of “huge” amounting to 20,000 billion VND.

According to the records, currently only the golf course area has been completed nearly finished and is operating normally, while other categories are still under construction, mostly completing the foundation and rough parts, with many vacant land areas. Construction at FLC Quang Binh stopped when Chairman Trinh Van Quyet was arrested.

As for some other outstanding tax debts, the second on the list is Linh Thanh Quang Binh High-quality Stone Powder Production and Exploitation Joint Stock Company with an amount of over 134 billion VND. Cosavco 1 Materials and Construction Joint Stock Company owes more than 76.2 billion VND.

In addition, there is Sơn Hải Riverside Limited Liability Company with a debt of over 53.7 billion VND; Quang Binh Shipbuilding Industry Company Limited owes more than 37.1 billion VND; Hung Phat Production and Trading Limited Liability Company owes more than 31.6 billion VND,…