Many Real Estate Businesses Have Tax Debts Of Hundreds Of Billions Dong

Some businesses have been asked by the HCMC Department of Taxation to revoke the business registration certificate.

In the list of 209 enterprises (DN) tax debt has been announced by the Tax Department of Ho Chi Minh City with a total debt of more than VND2.118 billion, most real estate companies.

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According to the Ho Chi Minh City Tax Department, these are businesses whose tax authorities have not yet collected tax debts despite applying one of the coercive measures such as declaring invalid invoices, Business registration, bank account enforcement …

In the list just announced the number of tax debts over VND10 billion to 33 companies. Notably, this time, there are 12 enterprises in the top 10 of the tax debt “terrible” with a total tax debt of nearly 500 billion in the second quarter of 2017 in Ho Chi Minh City.

In the list just announced, the number of tax debts over 10 billion to 33 companies

Topping the list is Viet Hai Shipping and Real Estate Joint Stock Company with debts of up to 159.5 billion dong; followed by Hong Quang Construction and Real Estate Investment Joint Stock Company with a debt of VND100.3 billion. Both companies are required by the HCMC Tax Department to revoke their business registration license.

Some listed companies in the real estate business are named by the tax authorities due to tax debts such as Khang Thong Group Joint Stock Company, Land Real Estate Joint Stock Company Real Estate, Tan Vu Minh Real Estate, Khang Gia Real Estate, Tan Hoang Thang …

Earlier, at the end of April 2017, the Tax Department of Ho Chi Minh City publicly disclosed 182 companies owed taxes and implemented preventive measures to suspend the exit of debtors while strengthening the implementation of Measures to urge debt collection and tax debt enforcement. As of June 3, 2017, the amount of potential debt is VND9,979 billion, down VND959 billion compared to 31-December,2016.

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