Representatives of enterprises transacting at Ho Chi Minh City Tax Department
Topping the list of tax-delinquent enterprises is Commercial Transportation and Tourism Company Limited with a staggering debt of VND 1,740 billion.
Following closely are six enterprises with tax debts exceeding VND 100 billion each, including Development and Housing Business Joint Stock Company with a debt of over VND 330 billion…
The group of enterprises with tax debts ranging from over VND 50 billion to less than VND 100 billion includes seven companies. Among them, the highest debt is held by Transport Infrastructure Investment and Construction Joint Stock Company with VND 93.2 billion; Thu Duc House Development Joint Stock Company with VND 91.2 billion in debt; and Asanzo Group Joint Stock Company with a debt of more than VND 52 billion…
The list of tax debtors also reveals 33 enterprises with debts ranging from VND 10 billion to less than VND 50 billion, and 108 enterprises with debts from VND 1 billion to less than VND 10 billion…
This information has sparked public interest in the strategies that the Ho Chi Minh City Tax Department will employ to recover the outstanding taxes, especially from Commercial Transportation and Tourism Company Limited and Development and Housing Business Joint Stock Company, whose combined tax debts exceed VND 2,000 billion. However, the leaders of these two companies have been arrested and detained by the police in connection with criminal cases.
Mr. Nguyen Tien Dung, Deputy Director of Ho Chi Minh City Tax Department, stated that for the disclosed tax-delinquent enterprises, the tax authorities have enforced coercive measures such as suspending the use of invoices and deducting funds from their accounts at commercial banks… to recover the debts.
“Regarding enterprises with high-ranking leaders who are detained and have outstanding tax liabilities, the competent authorities will bring them to trial. The tax department will then collect the tax debts from these enterprises based on the court’s decision,” explained Mr. Dung.
According to the Ho Chi Minh City Tax Department, the total tax debt in the city as of the end of May 2024 amounted to VND 62,144 billion, of which VND 30,744 billion is recoverable.
In the first five months of 2024, the tax authorities in the city issued more than 54,000 enforcement decisions and successfully recovered VND 13,853 billion in tax debts.
To further reduce tax debts, the Ho Chi Minh City Tax Department is intensifying its efforts by scrutinizing and standardizing data, resolving discrepancies in data, implementing synchronized debt collection measures, and publicly disclosing the list of recalcitrant tax-delinquent enterprises…
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Golden Hill Investment Corporation, Danh Khoi Group Corporation, Truong Thinh Phat Construction Investment Corporation, Khai Thinh Real Estate Corporation, and Danh Khoi Holdings Investment Corporation have been halted from proceeding with customs procedures by the Ho Chi Minh City Customs Department due to outstanding tax debts ranging from tens of billions to trillions of Vietnamese Dong.
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