Tax arrears amount to US$1.03 billion in Hanoi

Tax and fee arrears have amounted to VND23 trillion (US$1.03 billion) accounting for 13 percent of 2016 budget revenue estimates in the capital city of Hanoi, reported chairwoman of the city People’s Council Nguyen Thi Bich Ngoc on Tuesday.

At the second session of the council yesterday, head of the Hanoi Taxation Department Nguyen The Manh said that they had transferred 15 cases with large tax debts to the investigation police agency in the city last year.

This year, two firms have showed signs of running away leaving VND31 billion ($1.39 million) debts.

Director of the Hanoi Police Department Doan Duy Khuong said that tax debt and evasion have been complicated in Hanoi. Loopholes in the legal system are a very important reason for businesses to evade taxes.

At the meeting, director of the Department of Planning and Architecture Le Vinh revealed that all polluting production establishments will be removed out from the center of the city.

By Anh Phuong – Translated by Hai Mien

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