According to the list released by the Haiphong Tax Department, two enterprises, Hai Linh Haiphong Oil and Gas One-Member LLC and Giang Nam Gas and Oil JSC, owed nearly VND 227 billion and nearly VND 274 billion, respectively, the highest among the 893 named units.
Several other businesses have tax debts ranging from tens to hundreds of billions of dong. These include Dong A Shipbuilding Industry JSC, which owes nearly VND 35 billion; Lisemco JSC (MST: 0100169677) with debts of over VND 77 billion; Phà Rừng Shipbuilding One-Member LLC, which owes nearly VND 90 billion; Haiphong Sports JSC, with debts of nearly VND 32 billion; Haiphong Branch of Thien Minh Duc Group JSC, which owes over VND 95 billion; UC Steel Production JSC, with debts of nearly VND 53 billion; Tan Nhat Minh Gas and Oil JSC, which owes nearly VND 99 billion; Daso JSC (Haiphong), with debts of nearly VND 80 billion; and Lan 7&1 Rainbow Flower Trading and Service Business JSC, which owes nearly VND 12 billion.
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| Newtecons Tower, 96 Phan Đăng Lưu, Ward 5, Phu Nhuan District, Ho Chi Minh City |
A listed company, Lilama 69-2 JSC (UPCoM: L62), also recorded tax debts of over VND 32 billion. Viet Y Steel JSC (VIS) owes nearly VND 3.5 billion.
In addition, Newtecons Investment and Construction JSC, located at Newtecons Tower, 96 Phan Đăng Lưu, Ward 5, Phu Nhuan District, Ho Chi Minh City, had tax debts of over VND 219 million as of July 31, 2024.
Ha Le
Why Are So Many People Suddenly Owing Taxes?
The General Department of Taxation has revealed that individuals suddenly find themselves in tax debt for a variety of reasons. These include tax code fraud by businesses, which falsely declare expenses, and taxpayers with multiple sources of income who are unaware of or forget about the self-declaration regulations.
The Power to Prohibit: When Personal Tax Debts Ground You
The proposed amendments to the Law on Tax Administration by the Ministry of Finance suggest that individuals and household businesses who owe taxes may be subject to exit bans. This addition aims to temporarily restrict the outbound movement of those with tax arrears, emphasizing the importance of tax compliance for all entities and individuals in the country.
The Perplexed Property Sellers of Ho Chi Minh City: Navigating Tax Troubles
Submitting the application for the procedures was swift and efficient. However, a few days later, the real estate buyers and sellers received a notification from the tax department stating that they could not guarantee the timeline for processing the application.
