Taxation authority suggests revoking business license over tax debts

The Department of Taxation in Ho Chi Minh City suggested revoking business license of enterprises which owe tax.

The Department of Taxation in HCMC publicize the name of enterprises which owe tax debt as final choice (Photo: SGGO)

The Department of Taxation in HCMC publicize the name of enterprises which owe tax debt as final choice (Photo: SGGO)

As per the Department’s report, 209 firms owe VND2,118 billion ($93.1 million) over tax. Of these firms, realty enterprises owe a giant debt. Because the Department of Taxation  had applied some measures to collect tax yet its efforts were unrewarded, it has to suggest revocation of license as final choice.
12 enterprises owed VND500 billion in the first quarter of 2017. They are Viet Hai freight forwarding and property company at 118 Huynh Tan Phat in District 7 which owes VND159 billion; Hong Quang Construction and Realty Company at 007-008 Hoang Dieu Apartment in District 4 which owes VND100 billion.
Before, the Department of Taxation publicized 182 companies which owed tax debt. The Department asked authority to ban these companies’ managers from leaving the country.
As of the middle of the year, the Department has collected nearly VND10 trillion.

By HAN NI – Translated by UYEN PHUONG

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