HCMC tax agency inspects over 7,200 businesses

SGGP
The HCMC Taxation Department reported that its divisions had inspected 7,230 businesses in the first five months this year and imposed penalty on tax dodgers and tax liability companies. 

Businesses submitting documents the  HCMC Taxation Department (Photo: SGGP)

Businesses submitting documents the HCMC Taxation Department (Photo: SGGP)

The inspection helped collect nearing VND1,754 billion ($77.29 million), a year on year increase of 37.19 percent.
Businesses’ loss amount decreased VND5,041 billion and value added tax deduction reduced VND175.5 billion.
In the upcoming time, the agency will focus on inspecting large-scale groups with high revenue; businesses in fields of multi-level marketing, petrol and medicine; companies receiving tax refund; loss making firms with signs of transfer pricing; those who have not been inspected for many years and enjoying tax incentives.

By T.QUANG – Translated by Hai Mien

Other news

Most view

A traffic jam in Au Co-Truong Chinh intersection (Photo: SGGP)

HCMC needs resources to solve infrastructure problems

The already weak infrastructure structure of HCMC has been overloaded but the city has been short of resources for investment. Meantime, the pressure of mechanical population increase, traffic jam and flooding has been severer and greatly hindered the city’s fast and sustainable development.