On July 6, the Ho Chi Minh City Tax Department announced the public disclosure of tax-delinquent businesses for the 5th time in 2024. This list includes 229 businesses, with a total debt of nearly VND 5,000 billion.
Ho Chi Minh City Tax Department discloses tax-delinquent businesses for the 5th time.
Topping the list of delinquent businesses is Commercial Transportation and Tourism Company Limited, also known as Xuyên Việt Oil, located on Hai Ba Trung Street, Vo Thi Sau Ward, District 3, with a staggering tax debt of VND 1,740 billion.
Following closely are six businesses with tax debts exceeding VND 100 billion each, including the Housing Development and Trading Joint Stock Company, which owes over VND 330 billion…
Additionally, there are seven businesses with tax debts ranging from VND 50 billion to under VND 100 billion. The highest debt in this group is from Transportation Infrastructure Investment and Construction Joint-Stock Company 584, at VND 93.2 billion. This is closely followed by Thu Duc House Development Joint Stock Company with VND 91.2 billion in tax debt, and Asanzo Group Joint Stock Company, which owes over VND 52 billion.
Further analysis of the debt list reveals 33 businesses owing between VND 10 billion and VND 50 billion each, led by Vietnam Investment Connection Joint Stock Company with a tax debt of VND 40.7 billion. Moreover, there are 108 businesses with debts ranging from VND 1 billion to under VND 10 billion, including Kim Lien Thanh Service Production Trading Co., Ltd., which owes more than VND 9.8 billion…
Ho Chi Minh City Tax Department provides guidance on tax declaration and payment.
As of the end of May 2024, the total tax debt in Ho Chi Minh City reached VND 62,144 billion. Of this, VND 30,744 billion is considered collectible, a decrease of 7.7% compared to the previous period, equivalent to VND 2,566 billion. In the first five months of 2024, tax authorities in the city issued over 54,000 decisions to enforce tax debt collection, resulting in the recovery of VND 13,853 billion.
To further reduce this tax debt, the Ho Chi Minh City Tax Department is implementing a range of solutions. These include enhancing data standardization for tax debt, late payment fees, and overpaid taxes, as well as resolving discrepancies in data across different systems. They are also strictly adhering to regulations on tax debt collection and enforcement, publicly disclosing the names of delinquent businesses, and prioritizing enforcement for cases with tax debts exceeding VND 1 billion…
According to Mr. Nguyen Tien Dung, Deputy Director of the Ho Chi Minh City Tax Department, the city has the largest number of businesses in Vietnam, with 331,289 organizations and enterprises operating independently or as dependents. To ensure that all organizations and individuals in the city have easy access to tax-related mechanisms, policies, and procedures, the Tax Department is committed to continuous innovation and improvement in their communication and support strategies, especially through online channels.
In recent years, the tax authorities have introduced modern approaches to communication, such as livestreaming and creating informative video clips, which are shared via popular platforms like YouTube, Facebook, Zalo, and their own dedicated channels like HCMTax. These initiatives have positively impacted taxpayers and resulted in improved tax administration.
Xuyên Việt Oil’s tax debt amounts to 1.529 trillion VND.
In the latest 2023 released by the Ho Chi Minh City Tax Department, one entity accounted for 50% of the total debt of over 3,100 billion VND from 166 businesses.
Over 2,200 businesses owe nearly 1,000 billion VND in taxes exposed in Hanoi
The Tax Department has announced its intention to enhance the dissemination of tax policies and laws to taxpayers, as well as implement enforcement measures to improve compliance and voluntary tax payment, and prevent tax debt.
Enforcing Corporate Compliance for Tân Hoàng Minh Group
The Ho Chi Minh City Customs Department, a leading investment management agency under the Customs General Department, has recently decided to forcefully recover taxes owed by a number of major companies in the real estate and construction sector, including Tân Hoàng Minh Group.
Real estate companies face customs clearance halt due to tax debts
Several real estate businesses, including Danh Khôi Group, Golden Hill Investment Corporation, Trường Thịnh Phát Real Estate Construction Investment Corporation, and Danh Khôi Holdings Investment Corporation, have been suspended by local customs authorities due to outstanding tax debts amounting to billions of Vietnamese dong.
