Owner of a gold trading company suspended from exiting the country for tax debt

	Separate handling measures will be applied for each subject of a tax debt via classification
	Classifying tax debts to develop appropriate solutions for each
	Applying coercive measures for many businesses owing billions of tax

Customs officers of the Processing Customs Branch at work. Photo: T.H

The Processing Customs Branch under Ho Chi Minh City Customs Department sent the Immigration Department, the Ministry of Public Security a notice of the temporary suspension of exit for Mr. LU HUNG TIEN (Lữ Tiến Hùng) as the legal representative with the title of Chairman of the Members' Council of Hung Kim Hoang Gold and Silver Co., Ltd, because the company has been enforced to execute an administrative decision on tax administration and failing to fulfill the tax obligation under Coercive Decision 4118/QD-GC dated December 23, 2014 of the Director of the Processing Customs Branch.

The suspension of the exit is from November 25, 2022 to November 24, 2025 (no more than 3 years and can be extended), until the company fulfills its tax obligation to the state budget.

Applying coercive measure for one enterprise owing tax of nearly VND100 billion

Hung Kim Hoang Gold and Silver Co., Ltd was licensed to be established in 2005 at 92 Street 8, An Lac residential area, Binh Tri Dong B ward, Binh Tan district, Ho Chi Minh City.