Several real estate, construction firms owe large amount of tax arrears

The Ho Chi Minh City Department of Taxation has just publicized more than 1,500 enterprises owning tax with total tax arrears, fines and late payment of more than VND3.3 trillion.
Noticeably, real estate and construction enterprises were the group with highest tax arrears. Duc Khai Joint Stock Company in District 7 led the group with tax arrears of more than VND400 billion, followed by Ho Chi Minh City Plants Limited Company in Binh Chanh District with nearly VND218 billion of tax arrears, Hoang Hai Housing Investment and Trading Joint Stock Company in Hoc Mon District with VND142 billion, Binh Duong Building Stone Company Limited’s branch in Ho Chi Minh City (District 1) with VND124 billion, Phu My Investment and Development Joint Stock Company with more than VND130 billion, Thai Son Investment and Development Joint Stock Company in District 1 with nearly VND108 billion, Transport Engineering Construction & Business Investment Joint Stock Company 584 with VND72 billion and Trang Thien Phat Limited Company with VND53 billion.

The department said that will resort to debt enforcement measures in order to collect tax arrears from these enterprises, including stopping their use of invoices and revoking business licenses.

By Han Ni – Translated by Thuy Doan

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