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