HCM City: Conducting tax inspections on nearly 20,000 enterprises

Professional activities at HCM City Tax Department. Photo: T.H

According to the department, by the end of November 2019, the unit had carried out inspections on 19,664 businesses with tax collection and monetary sanctions of VND 7,668 billion; VAT deduction reduced by VND 531 billion; loss reduction was VND 14,489 billion.

For inspections at tax offices, the unit checked 97,455 tax declaration dossiers, down 30 percent over the same period the year before, while the amount of additional declaration was VND 38.5 billion, down 46 percent over the same period in 2018.

HCM City Tax Department has conducted on-site inspections nearly 19,000 times, the total amount of tax collection and monetary sanctions was VND 6.591 billion, up 166 percent over the same period; VAT deduction was VND 421 billion; loss reduction by VND 10,738 billion.

For tax inspection, in 11 months, HCM City Tax Department conducted inspections for 703 records, the amount of tax collection and monetary sanctions was VND 1,077 billion, deduction hit VND 110 billion and loss reduction was VND 3,751 billion.