Habeco was administratively penalized for nearly 20 billion VND in tax arrears. Photo for illustration only.
The Joint Stock Corporation of Beer – Alcohol – Beverage in Hanoi (Habeco, stock code: BHN) recently announced that on 26/4/2024, Habeco was penalized for administrative violations in the field of tax by the Large Enterprise Tax Department – General Department of Taxation.
Specifically, Habeco violated the regulations on tax filing deadlines; declared incorrectly the basis for calculating tax, leading to a reduction in deductible input VAT but it did not cause a shortage of tax payable; declared incorrectly the basis for calculating tax, resulting in a shortage of tax payable but the business transactions had been fully reflected in the accounting system, invoices and valid documents.
Due to these above violations, Habeco was penalized by a fine of VND 1.94 billion; forced to pay the full amount of tax arrears to the State budget, which is VND 13.3 billion; forced to pay in full the amount of late payment of tax to the State budget, which is VND 4.2 billion.
Therefore, the total amount of fines, arrears, and late payment of tax imposed on Habeco is VND 19.4 billion. The above-mentioned late payment of tax is calculated up to 3/1/2024. The Large Enterprise Tax Department of the General Department of Taxation required Habeco to calculate and pay by themselves the amount of late payment of tax from 3/1/2024 to the time of actual payment of the above-mentioned tax arrears and fines to the State budget in accordance with the regulations. In addition, Habeco was forced to adjust the input VAT deductible amount carried over to the next period by VND 11.3 million.
In terms of business results, at the end of the first quarter of 2024, Habeco achieved VND 1,308.1 billion in consolidated net revenue, an increase of 11.5% compared to the same period last year. However, after deducting all expenses and taxes, the company reported a post-tax loss of nearly VND 21 billion, while in the same period last year it was a loss of VND 3.7 billion.
At the annual General Meeting of Shareholders (AGM) held on the morning of April 26, 2024, Habeco’s board of shareholders approved the 2024 business plan with the target of revenue from the sale of main products of VND 6,543.3 billion, pre-tax profit of VND 248.7 billion, after-tax profit of VND 202 billion; and paying a dividend of 7.5% for 2024.
