Real estate businesses forced to pay nearly 200 billion dong in tax debts

Viet Hung Urban Investment Corporation has recently been subjected to enforcement measures by the Ninh Thanh Tax Department (Hai Duong Tax Department), whereby nearly 200 billion VND has been deducted from its accounts.

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The Ninh Thanh District Tax Department (Hai Duong Tax Department) has issued a decision to enforce the execution of an administrative decision on tax management by deducting money from the account of Viet Hung Urban Investment Joint Stock Company, with a total amount of nearly 200 billion VND.

The reason for the enforcement is that Viet Hung Urban Investment Joint Stock Company has owed tax payments for more than 90 days from the due date according to regulations.

View of the new residential area in Cao Thang commune (Hai Duong).

The Ninh Thanh District Tax Department has requested Vietcombank (VCB) and BIDV to deduct money from the account of Viet Hung Urban Investment Joint Stock Company.

In case the amount in the account of Viet Hung Urban Investment Joint Stock Company is less than the amount stated in the enforcement decision, the bank still has to deduct the remaining amount after deducting the minimum balance to maintain the account and continue to monitor, deducting any additional amount on the taxpayer’s account during the effective period of the decision.

According to research, Viet Hung Urban Investment Joint Stock Company was established in 2017, with its headquarters at 22 Nguyen Nghi Street, Ha Phuong Urban Area, Thanh Mien Town, Thanh Mien District, Hai Duong Province. The founding shareholders include Nguyen Thanh Tu (25%), Pham Xuan Ve (25%), and Nguyen Van Trung (25%).

The company’s main business area is investing in the construction of urban infrastructure and industrial zones.

Previously, in 2021, Viet Hung Urban Investment Joint Stock Company was approved by the Hai Duong Provincial People’s Committee to invest in 2 new residential areas in Thanh Mien District, including the new residential area in Cao Thang commune and the new residential area in Tu Cuong commune.