Many enterprises strong-armed into paying tax to State budget

VCN – After customs authorities applied coercive measures to suspend imports and exports, many enterprises who previously delayed paying domestic tax have now completed their obligations to the State Budget.
Tax debt dossiers at HCM City Customs Department. Photo: T.H
Tax debt dossiers at HCM City Customs Department. Photo: T.H

The Investment Customs Branch, or HCM City Customs Department, has allowed two businesses, the Kim An Trading Production Co., Ltd. (Tan Binh district, Ho Chi Minh City, tax code: 0302492118) and Cu Chi Biochemical Fertilizer Joint Stock Company (Cu Chi district, Ho Chi Minh City, tax code: 0302271091), to trade again, after those businesses fully paid their outstanding tax amount to the State budget.

Previously, in May 2021, the Investment Customs Branch decided to stop the customs activity of the Kim An Trading Production Co., Ltd., as the enterprise owed a debt for more than 90 days, with an amount of over VND380 million.

Similarly, in July 2021, the Cu Chi Bio-Chemical Fertilizer Joint Stock Company also landed itself a coercive measure to stop carrying out imports and exports procedures. The business had owed tax debt more than 90 days, with a debt to the tune of over VND320 million.

Besides the above cases, according to the Investment Customs Branch, in August 2021, they had to issue three other bans due to similarly large tax debts.

Specifically, after the Investment Customs Branch issued a decision on tax enforcements, dated July 14, 2021, the Mega Chemical Co., Ltd. (tax code 0314578722, address: 68 Nguyen Hue, Ben Nghe ward, District 1, Ho Chi Minh City) has fully paid over VND 3.55 billion into the State budget, the Truong Khai Investment Development Company Limited (tax code 0313705294, address: 1st Floor, Packsirnex Building, 52 Dong Du, Ben Nghe Ward, District 1, Ho Chi Minh City) has fully paid over VND 300 million to the State budget. The Investment Customs Branch has issued decisions to reinstate import/export activity for these companies.

The Investment Customs Branch also issued a decision to terminate Decision No. 954/QD-DT, dated June 2, 2021, that previously banned Woogwang Vina Co., Ltd., (tax code 0302871807; address: Lot B25-B26, B3 Road, Industrial - Small Crafts Complex Industry, Xuan Thoi Son commune, Hoc Mon district, Ho Chi Minh City). This company has now fully paid VND 172 million in overdue tax debt to the State budget.

However, There are many cases of huge tax debt. The Industrial Construction Joint Stock Company (address: 146 Nguyen Cong Tru Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, tax code: 0302620641), holds a tax debt of over VND 260 billion.

The Tay Nam SWP Petroleum Company Limited (address: No. 26, No. 6A Street, Trung Son Residential Area, Binh Hung Commune, Binh Chanh District, Ho Chi Minh City, Tax Code: 0315022575), has a tax debt of VND 18 billion.

Talking to us, Mr. Nguyen Xuan Binh, Director of the Investment Customs Branch, said that “the decisions on enforcing the suspension of customs procedures for exports and imports are only made effective for enterprises which are engaged in import and export activities. For the cases where they are not arising imports and exports, this coercive measure will have no effect on tax debt recovery.”

By Lê Thu/Thanh Thuy

Related News

Lang Son Customs faces difficulties in tax debt recovery

Lang Son Customs faces difficulties in tax debt recovery

VCN - Recently, Lang Son Customs Department has implemented many tax debt enforcement measures to reduce tax debt to the lowest level. However, the results have not met expectations. Customs branches at border gates in the province are currently facing difficulty in collecting tax debt.
Seeking overdue tax debts of enforced businesses – Part 1: Some enforced exit suspension to find out that they are directors

Seeking overdue tax debts of enforced businesses – Part 1: Some enforced exit suspension to find out that they are directors

VCN – In addition compliant businesses, contributing large tax revenue to the State budget and bolstering economic development, there are still some businesses taking advantage of the openness of the law to establish illegitimate companies to delay billions of dong in tax debt for many years, in order to avoid tax obligations to the State. To collect these tax debts, the Law on Tax Administration No. 38/2019/QH14 stipulates eight measures to enforce administrative decisions on tax management. One of those effective measures is exit suspension for legal representatives of businesses, which has helped the Customs agency earn hundreds of billions of dong in import-export tax and domestic taxes.
Why are many business directors forced to exit restriction?

Why are many business directors forced to exit restriction?

VCN - Many legal representatives of businesses who intentionally delay paying tax debts have been forced to restrict exit as requested by HCM City Customs Department to the Vietnam Immigration Department (Ministry of Public Security).
Strengthen the applications of coercive measures to collect tax debt

Strengthen the applications of coercive measures to collect tax debt

VCN - The General Department of Taxation requests tax departments to fully implement measures to urge, enforce and disclose information under the provisions of the Law on Tax Administration to recover tax debt.

Latest News

Identify smuggling tricks across Quang Tri area

Identify smuggling tricks across Quang Tri area

VCN – Although the smuggling and illegal transportation of goods across Quang Tri Border in the customs control area decrease in the number of cases and the value of goods, this situation still takes place complicatedly and shows potential risks and challenges.
The Ministry of Finance urges the implementation of anti-smuggling tasks

The Ministry of Finance urges the implementation of anti-smuggling tasks

VCN - Steering Committee 389 of the Ministry of Finance has just requested the General Department of Vietnam Customs, General Department of Taxation, and units under the Ministry of Finance (Office, Legal Department, Inspection) to seriously and effectively implement the conclusions of Deputy Prime Minister Tran Luu Quang, Head of Steering Committee 138/CP and National Steering Committee 389 (in Notice No. 38/TB-VPCP dated February 2, 2024 of the Government Office).
Arrested an illegal immigrant transporting drugs from Cambodia to Vietnam

Arrested an illegal immigrant transporting drugs from Cambodia to Vietnam

VCN- An illegal immigrant transporting 174 gram drugs from Cambodia to Vietnam have been arrested by Border Guard and Customs authorities at Moc Bai International Border Gate.
Noi Bai Customs Branch gathers information to prevent gold smuggling

Noi Bai Customs Branch gathers information to prevent gold smuggling

VCN – Noi Bai International Airport Customs Branch has implemented solutions to prevent gold smuggling by air to respond to fluctuation of gold and foreign currency prices.

More News

Ho Chi Minh City Customs: Effectively monitor goods in transit with e-seals

Ho Chi Minh City Customs: Effectively monitor goods in transit with e-seals

VCN - Thanks to the application of modern management and supervision measures with electronic seals, inspection by scanners for goods in transit, goods temporarily imported for re-export, Ho Chi Minh City Customs Department has effectively controlled the situation of violations of Customs laws of this type.
Cotrol smuggling of gold and foreign currency across border gates

Cotrol smuggling of gold and foreign currency across border gates

VCN- From the beggining of the year, gold and foreign currency prices have fluctuated strongly due to the smuggling and tax evasion cases across the border with sophisicated tricks, causing serious impacts on the gold and foreign currency markets.
Lang Son: Prevent poultry and poultry products from being illegally transported across the border

Lang Son: Prevent poultry and poultry products from being illegally transported across the border

VCN - According to the assessment, the Chi Ma border gate area always has a potential risk of outbreaks of violations related to smuggling and illegal transportation of goods across the border due to the large and complex area. For good control, Lang Son province's leaders requested forces to strengthen blocking, deploy control measures, and promptly handle emerging security and order issues in border areas and border gates.
Applying customs intelligence and IT to prevent abusing of the "green channel" for smuggling

Applying customs intelligence and IT to prevent abusing of the "green channel" for smuggling

VCN - At the questioning session of National Assembly deputies on March 18, 2024, the Minister of Finance said that the Customs sector has applied science and technology in goods classification, used camera systems, Customs intelligence, data analysis to minimize the situation of businesses taking advantage of green channels to commit violations.
Tuan Nam UNITED One Member Company Limited enforced to stop customs procedures for one year

Tuan Nam UNITED One Member Company Limited enforced to stop customs procedures for one year

VCN – Huu Nghi Border Gate Customs Branch (Lang Son Customs Department) has issued an enforcement decision stopping customs procedures for imports and exports of Tuan Nam UNITED One Member Company Limited for tax debt, late payment interest and fines.
What solution is there to prevent "ghost businesses" from tax evasion?

What solution is there to prevent "ghost businesses" from tax evasion?

VCN - LTS: After the Customs Magazine published a series of articles "Finding the delayed tax debts of enforced enterprises" on issues 19, 20, 21, the Editorial Office received a lot of angry feedback from readers that reflected the situation of some individuals misusing personal information to establish illegal businesses and evade state taxes. Customs Magazine continues to reflect this pressing issue to readers.
Innovating the organizational model of anti-smuggling activities of Vietnam Customs

Innovating the organizational model of anti-smuggling activities of Vietnam Customs

VCN - Building a customs control force at the central level which is the Anti-Smuggling and Investigation Department, and at the local level, forming a Regional Anti-Smuggling Team that can belong to the Anti-Smuggling and Investigation Department or the Regional Customs Department, etc.
C.D.M.A Mobile Phone Center enforced to suspend customs procedures for overdue tax debts

C.D.M.A Mobile Phone Center enforced to suspend customs procedures for overdue tax debts

VCN – C.D.M.A Mobile Phone Center has been enforced by the Customs to suspend its imports and exports for overdue tax debts worth about VND16 billion.
Seeking overdue tax debts of enforced businesses – Final part: Recommendations for effective debt recovery

Seeking overdue tax debts of enforced businesses – Final part: Recommendations for effective debt recovery

VCN - Through the recent implementation of debt recovery solutions, HCM City Customs has proposed many solutions and recommendations to amend some current regulations to recover tax debts effectively.
Read More

Your care

Latest Most read
Identify smuggling tricks across Quang Tri area

Identify smuggling tricks across Quang Tri area

VCN - According to Quang Tri Customs Department, in the first quarter of 2024, Quang Tri Customs Enforcement Team has detected and handled 70 customs offences with total fine of VND404,76 million.
The Ministry of Finance urges the implementation of anti-smuggling tasks

The Ministry of Finance urges the implementation of anti-smuggling tasks

Steering Committee 389 of the Ministry of Finance requested GDVC, General Department of Taxation, and units to seriously and effectively implement the conclusions of Deputy Prime Minister on anti-smuggling
Arrested an illegal immigrant transporting drugs from Cambodia to Vietnam

Arrested an illegal immigrant transporting drugs from Cambodia to Vietnam

VCN - However, he was arrested by Moc Bai Border Guard, Moc Bai Border Gate Customs, Long Thuan Commune Police, and Ben Cau District Police, and Tay Ninh Province.
Noi Bai Customs Branch gathers information to prevent gold smuggling

Noi Bai Customs Branch gathers information to prevent gold smuggling

VCN - Notably, the branch busted foreign passengers illegally transporting 86,300,000 won (equivalent to VND1.5 billion) across the border in early 2023.
Ho Chi Minh City Customs: Effectively monitor goods in transit with e-seals

Ho Chi Minh City Customs: Effectively monitor goods in transit with e-seals

VCN - Thanks to the application of modern management and supervision measures with electronic seals, inspection by scanners for goods in transit, goods temporarily imported for re-export, Ho Chi Minh City Customs Department has effectively controlled the
Mobile Version