Account of FDI company frozen for failing to pay over VND19 billion in taxes

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HCM City Customs officers inspect imports. Photo: Thu Hoa

The Investment Customs Branch under HCM City Customs Department has issued a decision on the deduction and freezing from the account of the World Fashion Sepplus Vietnam Co.,Ltd.

The company opened its account at Shinhan Bank Vietnam Ltd. Therefore, the Customs has requested the bank deduct over VND19.3 billion from the company’s account and pay this amount to the HCMC State Treasury.

If the amount in the company’s account is less than the tax debt stated on the decision, the bank still has to deduct the remaining amount after implementing minus the minimum balance to maintain the account and continue to deduct the arising amount from the company’s account during the effective date of the decision.

The tax debt amount of World Fashion Sepplus Vietnam Co., Ltd. arose from an import declaration in 2008, with the import duty worth over VND10.6 billion and VAT of more than VND8.6 billion.