Ho Chi Minh City: nearly VND14,000 billion of bad tax debt

	Ho Chi Minh City Customs has nearly 19,000 Red Channel declarations, accounting for 35% of the whole sector
	Ho Chi Minh City Customs holds business dialogue to remove problems for more than 100 enterprises
	Ho Chi Minh City Customs encourages enterprises to consult price once

Business activity faces difficulties with many real estate businesses recording high tax debts. Photo: T.H

According to the Ho Chi Minh City Tax Department, by the end of August 2020, the total tax debt was VND29,438 billion,an increase of 20.7% compared to December 31, 2019, equivalent to VND 5,047 billion.

The debt of under 90 days and over 90 days was VND13,282 billion, accounting for 45.12%; the bad debt VND13,883 billion, accounting for 47.16%; the debt in handling was VND1,401 billion, accounting for 4.76%; and the debt in complaint was VND872 billion, accounting for 2.96%.

In order to effectively collect tax debts, Ho Chi Minh City Tax Department has implemented many measures of tax collection such as issuing nearly 8 million tax debt notices; and over 48,200 enforcement decisions with the amount of VND21,760 billion.

Ho Chi Minh City Customs’ revenue reaches over VND45,730 billion VCN- According to Ho Chi Minh City Customs Department, as of June 22, the department’s revenue reached ...

In the seven months of 2020, Ho Chi Minh City Tax Department collected VND3,117 billion of tax debts (from December 31, 2019), reaching 13.71% of the third quarter's plan and 40.82% of the 2020 plan.