On August 31st, the Tax Department of Ba Ria-Vung Tau province informed that the Vung Tau-Con Dao Tax Office had issued Notification No. 10263/TBXC-CCTKV to the Department of Exit and Entry Management (Ministry of Public Security) regarding the temporary suspension of exit from the country for the Director of Binh Minh Vung Tau Trading Services Co., Ltd.
As a result, Mr. Nguyen Van, Director of Binh Minh Vung Tau Trading Services Co., Ltd., has been temporarily suspended from exiting Vietnam from August 26, 2024, until the tax debt is fully paid to the state budget. The company is headquartered at 25 Bach Dang, Ward 5, Vung Tau City, Ba Ria-Vung Tau Province.
People doing tax procedures (Illustrative image)
The reason for the temporary suspension of exit is that Mr. Nguyen Van has not fulfilled his tax obligations as prescribed by the Law on Tax Administration. The Vung Tau-Con Dao Tax Office has issued Notification No. 5995/1/TB-CCTKV dated June 12, 2024, on the taxpayer’s inactivity at the registered address, and Official Letter No. 9727/CCTKV-KTr1 dated August 20, 2024, on warning businesses with high tax and invoice risks.
Binh Minh Vung Tau Trading Services Co., Ltd. has issued invoices but has not declared tax with revenue before VAT of more than VND 353 billion.
According to the investigation, the business field of Binh Minh Vung Tau Trading Services Co., Ltd. is the installation of electrical systems.
Article 143 of the 2019 Law on Tax Administration stipulates that the act of not issuing invoices when selling goods or services in accordance with the law or stating a lower value on the invoice than the actual payment value of the goods or services sold shall be considered an act of tax evasion.
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