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Customs proposes to cancel tax debts of over VND29 billion for FDI Company

20:17 | 08/12/2021

VCN – The HCM City Customs Department has proposed to cancel a tax debt, worth over VND29.3 billion, for a FDI company that has dodged payments for 10 years.

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Customs proposes to cancel tax debts of over VND29 billion for FDI Company
Customs officers at work. Photo: T.H

The Vietnam Specialty Chain MFG Co. Ltd. (tax code: 3600255051, address: No. 1, 10A Street, Bien Hoa 2 Industrial Park, Bien Hoa City, Dong Nai) is the company in question.

According to the Department, the company held a tax debt at the Investment Customs Branch. To collect the debt for the State budget the Customs Branch had taken measures, but ultimately they’ve proven unsuccessful.

The Customs Branch requested the Management Board of Industrial Parks in the Dong Nai Province to revoke the investment certificate of the company, suspend its customs procedures and require the bank to deduct it’s deposits, in order to pay the debt back into the State budget.

In 2021, the Management Board of Industrial Parks issued Decision 251/QD-KCNDN, dated October 13, 2017, revoking the investment certificate of the Vietnam Specialty Chain MFG Co. Ltd. Business.

The company has been licensed to operate by the Department of Planning and Investment of Dong Nai province since October 1998, but stopped operating in 2013.

Pursuant to current regulations, this tax debt is eligible for cancellation, the Department has checked and verified the company’s proposal for the General Department of Vietnam Customs to consider.

By Le Thu/ Ngoc Loan