HCMC: More than VND 30,000 billion of domestic tax debts

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Enterprises at Ho Chi Minh City Tax Department. Photo: T.H

According to HCMC tax department, by the end of July 2020, total tax debt at the department wasVND30,171 billion, increasing by 23.7% compared to December 31, 2019, equivalent to an increase of VND5,780 billion.

Of which, less than 90-day tax debts and more than 90-day tax debts are VND13,778 billion, accounting for 45.66%; bad debts are VND13,779 billion, accounting for 45.67%; debts being settled are VND1,786 billion, accounting for 5.92%; debts being complained are VND829 billion, accounting for 2.75%.

To collect tax debts, in the first half of the year, HCMC Tax Department issued 40,925 enforcement decisions with the tax debt amount of VND16,820 billion, increasing by 66.79% compared to the same period in 2019, equivalent to 16,389 enforcement decisions, increasing by 12.61% and VND1,884 billion of tax debt.

As of June 30, HCMC Tax Department collected VND2,855 billion compared to 2019, increasing by VND55 billion.